Elevate has increased the number of clean share classes available on its platform to 2,500. There is now a clean share class alternative for over 90 per cent of funds on the Elevate platform. Over 40 per cent of flows on the Elevate platform are now going into clean share class funds. This is split evenly between new money to the platform and switches of existing money. The firm said the high volume of funds on the platform meant advisers were able to switch client holdings ahead of the April 2014 deadline. {desktop}{/desktop}{mobile}{/mobile} David Thompson, managing director of AXA Wealth Elevate, said: " Many of our competitors have been dripping clean share classes onto their platform. We believe that speed is vital to allow advisers the longest possible time to transition from retail to clean. "The latest figures suggest advisers see clean share classes as the future. By offering a comprehensive suite of clean share classes, advisers who have clients on Elevate have the opportunity to transitition clients now, putting them in control of their business." The firm also offers a bulk switching facility which allows an adviser to move their entire client book to clean share classes.
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