AXA Wealth has said that its overall assets under management saw an increase of 18 per cent from £20.8 billion ($33.73 billion) to £24.6 billion in the last twelve months, while its AXA Wealth Elevate platform grew its AuM, up 45 per cent from £4.8 billion, to £6.9 billion during the third quarter of this year.

AXA Wealth’s specialist investment business, Architas, also recorded an increase in assets, which were up 12 per cent from £11.3 billion to £12.6 billion. Overall, AXA Wealth’s sales grew 67 per cent to £3.4 billion, reflecting a strong 12 months for the business, the firm said in a statement.

“It is very encouraging to be able to announce such a strong set of business results, building on the growth seen over the previous two years, and during one of the most difficult market environments since the 1930s,” said Mike Kellard, chief executive at AXA Wealth.

“RDR has put the focus firmly on the customer, which is one of the best aspects of the new regime. This is part of our business philosophy, particularly around advisor partnerships and family investing, which we will continue to build on over the next 12 months,” added Kellard.