AXA Wealth announces that Lighthouse Financial Advice, the National arm of Lighthouse Group Plc, will use Elevate as one of the platforms to transact all investment business through.
Elevate will be one of the core components of Lighthouse’s new restricted investment process, with AXA Wealth’s investment specialists, Architas, offering funds on both its in-house and whole of market RDR solution.
The partnership follows the recent announcement of Elevate’s new tiered pricing approach, focusing on simplicity and transparency, and the news that it has over £5bn of assets under management*. Through Architas, Lighthouse advisers will have access to a wide investment range including active, blended and passive risk-rated funds, discretionary management, and fixed term deposits.
David Thompson, MD, Elevate, AXA Wealth, said: “As a large national adviser group, working in partnership with Lighthouse demonstrates the added value of AXA Wealth’s proposition; providing choice and flexibility to their many clients. Developing long-term relationships with adviser firms, making it easy to do business with us, is central to AXA Wealth’s platform strategy.”
Malcolm Streatfield, chief executive, Lighthouse Group, said: “We are offering a restricted advice model in our National division, working with well-known names in the investment and platform industry. AXA Wealth’s Elevate and Architas propositions have shown strong performance and expertise with a heritage of financial strength, which made it a clear partner for our advice offering.”
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