Join our community of smart investors

AXA investment platforms bought by Standard Life

Standard Life's acquisition of AXA UK's Elevate and Self Investor platforms mean there could be changes ahead for existing customers
May 13, 2016

AXA UK is selling its execution-only AXA Self Investor and adviser-focused Elevate platforms to Standard Life (SL.)

The two companies have not disclosed how much Standard Life paid for the businesses, with various estimates ranging between £50m and £250m.

Elevate, which operates through independent financial advisers (IFAs), currently has 160,000 customers and manages £9.8bn of assets. The acquisition will see Standard Life's platform business grow to £36.4bn in assets under administration and 350,000 customers.

This is subscriber only content
Start your trial to keep reading
PRINT AND DIGITAL trial

Get 12 weeks for £12
  • Essential access to the website and app
  • Magazine delivered every week
  • Investment ideas, tools and analysis
Have an account? Sign in