Avanza Bank Holding AB is a Swedish online bank based in Stockholm, specializing in savings, investments and pensions. Avanza is the largest stockbroker in Sweden and on the Stockholm Stock Exchange, with 2,000,000 customers and a 6.6% share of the Swedish savings market as of August 2023.[1]
 | |
 The company's headquarters on Regeringsgatan in Stockholm, 2012 | |
| Avanza | |
| Company type | Public |
| Nasdaq Stockholm: AZA | |
| ISIN | SE0012454072 |
| Industry | Financial services |
| Founded | 1999 |
| Founder | Sven Hagströmer |
| Headquarters | , Sweden |
Area served | Sweden |
Key people | |
| Products | Savings accounts, mortgage loans, insurance, pensions |
| Services | Stockbroker, corporate finance |
| Owner |
|
Number of employees | 635 (2022) |
| Subsidiaries | Avanza Fonder Avanza Pension Placera Media |
| Website | avanza |
History
editAvanza was founded in 1999 as HQ.se.
In 2001, HQ.se acquired Avanza changed its name to Avanza, which became the largest stockbroker in Sweden, with 80,000 active customers.[2]
In 2006, Avanza acquired stock magazine Börsveckan and launched Placera, a free online newspaper. Placera is focused on equities, funds and savings. The two are editorially independent and are grouped under Placera Media, a wholly-owned subsidiary of Avanza.[3]
During the same year, another wholly-owned subsidiary, fund manager Avanza Fonder, was launched, along with their first product Avanza Zero, a completely free-of-charge index fund tracking the OMX Stockholm 30 index.
In 2018, Avanza Fonder launched the cheapest global fund in the world, Avanza Global, with an annual management fee of 0.05%.[4]
In 2019, Avanza won the Swedish Quality Index’s award for the most satisfied savings customers in Sweden for the tenth consecutive year.[5]
References
edit- ^ "August: Monthly statistics". Avanza Bank. 2023-09-05. Retrieved 2023-09-12.
- ^ "Avanza and HQ.SE Aktiespar form the largest Internet broker" (Press release). Cision. June 8, 2001.
- ^ "Welcome to Placera". Avanza (in Swedish). Retrieved 2023-09-12.
- ^ "Avanza launches the world's cheapest global fund" (Press release). Cision. August 24, 2018.
- ^ "Avanza Bank Wins Banking Technology Award for Best Use of IT". GlobalFinTechSeries. 2019-12-19. Retrieved 2020-06-29.
External links
edit | This bank, insurance, or other financial services corporation article is a stub. You can help Wikipedia by expanding it. |
 | This Swedish corporation or company article is a stub. You can help Wikipedia by expanding it. |