Axa Australia is to launch an update of its capital-guaranteed North platform at the end of the month, following its acquisition by AMP Limited.
The firm's new generation North platform will include flexible pricing, including a low-cost option for clients with simpler needs, online direct share trading and automated model portfolios and bulk trading.
Additionally, the new generation platform will offer unit trusts, multi-manager funds, direct shares and term deposits as investment options along with a capital guarantee.
A broad range of licensees currently use the North platform, launched in 2007, with funds under management rising 34% last year to A$1.64bn ($1.64bn).
Craig Meller, MD of AMP Financial Services, told local reporters Amp was impressed with what the North platform offers and will continue to support and develop it once the acquisition is complete.
The firm will continue to support existing North clients and Axa financial advisers, as well as independent financial planners who sold the product, he added.
This product appears on the Australian database.