AXA Wealth’sElevate has entered a strategic agreement with technology and transaction companyFNZ in a bid to make the wrap platform easier to use.

The contract with FNZ is designed to address four areas AXA has identified for developing its platform business: improving usability; efficient production maintenance; continuous proposition development; and new initiatives.

As part of the deal, an enlarged proposition development team dedicated to the platform and a production maintenance unit have been put in place.

Last week, the wealth manager said that its platform sales increased by 75 per cent during 2011 to £1.3 billion ($2 billion). Elevate’s funds now stand at £3.5 billion, almost one fifth of the £18.9 billion administered byAXA Wealth, which is the wealth management arm of the insurance group AXA UK.