AXA Wealth is improving its Elevate platform for advisors.

AXA Wealth is improving its Elevate platform for advisors.

The changes come into place next month and they include new reporting capabilities at client and advisor levels and an upgrade to  Portfolioscan™ 2.0, which provides in-depth analysis of a client’s Elevate account or of a model portfolio. These developments will help advisors stay in control of portfolio information and saves them time, Axa said. The firm is also offering advisors businesses preferential rates for professional indemnity insurance through a partnership with Aon.

AXA Wealth added that it is stepping up its offering to support advisors considering asset migration but who may feel restrained by potential barriers such as resource and capacity. This support is given in conjunction with Veracity Asset Transformation Service and is in response to the regulator’s finalised platform paper from 2012.

"We will always seek to link with third parties to offer advisors the best possible service as well as enhancing the usability of our Elevate platform. For example, we have plans in place to further develop the back office integration, our existing Elevate client app to show client portfolio activities in real time, and plan to introduce flexible drawdown by April 2015," said David Thompson, managing director of Elevate, AXA Wealth.