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Barclays expands discretionary offering to AXA Wealth's Elevate platform

01 Aug 2012 10:33 GMT

Five actively managed portfolios incorporating Barclays unique investment approach now available on AXA Wealth’s Elevate platform

Barclays has today announced that its enhanced discretionary portfolio management (DPM) service is now available on AXA Wealth’s Elevate platform. Launched in April this year, 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 & 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.

Bryan Parkinson, Director, Intermediary Sales, Barclays, commented: “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. The addition of AXA Wealth’s Elevate platform is therefore a great step forward to offer the service to the broader intermediary market.”

Mark Wilkinson, head of product, AXA Wealth, commented: “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 £4bn in assets on the platform and the addition of Barclays DPM service makes using Elevate an even more attractive solution.”

Oliver Gregson, Director, Investment Management, Barclays said: “The benefits of investing with one of the leading wealth managers in the UK are increasingly attractive in the market today. The opportunity to partner with a leading provider of investment solutions for individuals and access our proprietary approach to portfolio construction is one we are increasingly seeing as being recognised by intermediaries and their clients.”

Notes to Editors:

For further information contact:

Clare Milton, Barclays, Corporate Communications

+ (0)20 3134 2327

OR

Katie Hayward / Lucy Banks / Matthew Whitbread

Lansons Communications

020 7294 3631 / 020 7294 3689 / 0207 294 3686

katieh@lansons.com / lucyb@lansons.com / mattheww@lansons.com

About Barclays

Barclays moves, lends, invests and protects money for customers and clients worldwide. With over 300 years of history and expertise in banking, we operate in over 50 countries and employ over 140,000 people.

Our customers and clients benefit from access to the breadth of expertise across Barclays. We’re one of the largest financial services providers in the world, engaged in retail banking, credit cards, corporate and investment banking, and wealth and investment management.

We are a leading global wealth and investment manager providing international and private banking, wealth planning, trust and fiduciary services, investment management, brokerage services and research to private and intermediary clients around the world.