Avanza: Operational Efficiency & Launching more Cross-Asset Funds

Avanza case study | Limina

By adopting Limina's scalable platform, Avanza has been able to launch 33% additional funds
without having to scale its investment operations team.

Background: Strong Growth and plans to Evolve the Business

Avanza, a Nordic bank, launched its asset management arm in 2006. They have since grown to USD 10 billion in assets under management.

To continue their growth journey, they needed to find a partner whose system was flexible and could easily integrate with all of their current and future (unknown) service providers and systems.

Asset class support was also important, to select a system where all assets can be natively supported without workarounds. Avanza has index funds (passive), equity and derivative funds, fund of funds and fixed-income products. 

After a detailed procurement process, Limina was selected as the vendor.

Increase Investment Process Oversight

Avanza initiated the procurement process with the goal to decrease operational risk through:

  • Decreased the dependency on single individuals - by replacing spreadsheets
  • Improved operational efficiency - by increased automation

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Enabling Faster Fund Launches and Governance around External Managers

Limina has been and will continue to be an enabler for Avanza's future growth in many areas and meet its compliance requirements while doing so.

Limina has made it easier for our external asset managers to deal with our general administration tasks since using Limina means more automated processes than today.

We plan to increase the number of products we offer further. Limina will continue to support us during this journey by decreasing the risks of releasing new funds and enabling us to grow with economies of scale.

Maria Wärn

Chief Investment Officer

Listen to the full interview with Maria, conducted after the selection process finished (before go-live):