Avanza

{{About|the Swedish online bank company|the Toyota multi-purpose vehicle|Toyota Avanza}}

{{Infobox company

| name = Avanza Bank Holding AB

| logo = Avanza logotyp.png

| image = Höjden 14, Stockholm 01.jpg

| image_caption = The company's headquarters on Regeringsgatan in Stockholm, 2012

| trading_name = Avanza

| type = Public

| traded_as = {{OMX|SSE988|AZA}}

| ISIN = SE0012454072

| industry = Financial services

| founded = {{Start date and age|1999}}

| founder = Sven Hagströmer

| hq_location_city = Stockholm

| hq_location_country = Sweden

| area_served = Sweden

| key_people = {{Unbulleted list|Sven Hagströmer (chairman)|Gustaf Unger (CEO)}}

| products = Savings accounts, mortgage loans, insurance, pensions

| services = Stockbroker, corporate finance

| owner = {{Unbulleted list|Creades AB (10.1%)|Sven Hagströmer (10.1%)}}

| num_employees = 635

| num_employees_year = 2022

| subsid = Avanza Fonder
Avanza Pension
Placera Media

| website = {{URL|avanza.se}}

}}

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.{{cite web |date=2023-09-05 |title=August: Monthly statistics |url=https://investors.avanza.se/en/media/press/2023/august-monthly-statistics/ |archive-url= |archive-date= |access-date=2023-09-12 |publisher=Avanza Bank}}

History

Avanza 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.{{cite press release | url=http://news.cision.com/hq-se/r/avanza-and-hq-se-aktiespar-form-the-largest-internet-broker,e43935 | title=Avanza and HQ.SE Aktiespar form the largest Internet broker | publisher=Cision | date=June 8, 2001}}

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.{{cite web |date= |title=Welcome to Placera |url=https://investors.avanza.se/en/about/placera_eng/ |access-date=2023-09-12 |website=Avanza |language=sv}}

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%.{{cite press release | url=http://news.cision.com/avanza/r/avanza-launches-the-world-s-cheapest-global-fund,c2599643 | title=Avanza launches the world's cheapest global fund | publisher=Cision | date=August 24, 2018}}

In 2019, Avanza won the Swedish Quality Index’s award for the most satisfied savings customers in Sweden for the tenth consecutive year.{{Cite web|date=2019-12-19|title=Avanza Bank Wins Banking Technology Award for Best Use of IT|url=https://globalfintechseries.com/avanza-bank-wins-banking-technology-award-for-best-use-of-it-in-private-banking-wealth-management-powered-by-gigaspaces-in-memory-computing-platform/|access-date=2020-06-29|website=GlobalFinTechSeries|language=en-US}}

References

External links

[https://borsveckan.se/ Börsveckan]
[https://www.avanza.se/placera/forstasidan.plc.html Placera Nu]

Category:Brokerage firms

Category:Financial services companies of Sweden

Category:Online brokerages

Category:Companies based in Stockholm

Category:Swedish companies established in 1999

Category:Financial services companies established in 1999

Category:Companies listed on Nasdaq Stockholm