Assets on AXA Wealth’s wrap Elevate were up 45% at £6.9 billion in the third quarter of 2013 as the platform’s sales significantly soared.

According to the latest results from the group, Elevate’s assets were at £4.8 billion in the third quarter of 2012.

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Elevate sales for the last 12 months were up £1.5 billion in the third quarter of 2013, a 64% year-on-year growth.

AXA Wealth chief executive Mike Kellard said the figures reflect a strong 12 months for the company which was benefitting from an RDR-ready approach ahead of time.

‘I believe AXA Wealth is reaping the rewards of positioning itself successfully for the future, having been trading in an RDR-friendly manner for many years now,’ he said.

‘It is very encouraging to be able to announce such a strong set of business results.’

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Overall AXA Wealth sales were up 67% at £3.4 billion, while overall assets under management have grown by 18.2% from £20.8 billion year-on-year to £24.6 billion as of 30 September 2013.