Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Barclays launches discretionary service on AXA Elevate

Barclays launches discretionary service on AXA Elevate

Barclays is expanding its discretionary portfolio management service to Axa Wealth’s Elevate platform, to broaden accessibility ahead of the retail distribution review.

The service, launched in April this year, aims to provide intermediaries with an outsourced investment solution through its range of five actively managed portfolios.

Each portfolio is diversified across nine asset classes, ranging from cash and short maturity bonds, to alternative trading strategies.

The portfolios access these asset classes by investing in a combination of both active and passive funds, to provide the most efficient exposure.

The five portfolios also have corresponding levels of risk, so intermediaries can select the most appropriate model for their client.

Bryan Parkinson, director of intermediary sales at Barclays, said: ‘Since we launched the discretionary management service earlier this year, we have been very encouraged by the interest from the industry and this has reinforced our commitment to make our offering as accessible as possible.’

Mark Wilkinson, head of product at AXA Wealth, said: ‘We are committed to offering clients a range of investment choices, particularly in light of on-going market volatility.

‘Built with the RDR in mind, Elevate has had a strong start to the year, with over £4 billion in assets on the platform and the addition of Barclays DPM service makes using Elevate an even more attractive solution.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: The adviser that tempted Robin Minter-Kemp on board

Profile: The adviser that tempted Robin Minter-Kemp on board

It is rare to meet an impassioned individual who is willing to bang the drum for investment advisory right now

Wealth Manager on Twitter