Barclays adds discretionary offering to Axa Wealth platform

Barclays has enhanced its discretionary portfolio management (DPM) service making it available on AXA Wealth’s Elevate platform.

Launched in April, the service aims to provide intermediaries with an outsourced investment solution through a range of five professionally managed portfolios.

Each portfolio is fully diversified across nine asset classes, ranging from cash and short-maturity bonds to alternative trading strategies, and invests in a combination of active and passive funds providing investors with the benefits of both.

The five portfolios have corresponding levels of risk and allow intermediaries to select the most appropriate option for their client.

At the moment, the discretionary offering is only available on the Axa Elevate and Ascentric platforms, available to intermediaries in the UK.

“We are committed to offering clients a range of investment choices, particularly in light of on-going market volatility. Elevate has had a strong start to the year, with over £4bn in assets on the platform and the addition of Barclays DPM service makes using Elevate an even more attractive solution,” said Mark Wilkinson, head of product at AXA Wealth.

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