Andbank España

What Andbank España does

Andbank España Banca Privada, S.A.U. is the Spanish private banking arm of the Andbank Group (headquartered in Andorra), operating from Madrid as a privately held Spanish S.A.U. that serves high-net-worth individuals, institutional clients, and family offices in Spain. The firm provides private banking, discretionary portfolio management, non-independent investment advisory, and tied insurance brokerage services ("Operador de Banca Seguros Vinculado") under a multi-channel distribution model that combines a national physical office network, an external "Agentes" advisor recruitment program, and a digital banking portal operated through the Inversis platform with PSD2-compliant open-banking capabilities. Disclosed participant counts in single funds (e.g., 4,895 in GESTION VALUE FI; 24,732 in MYINVESTOR NASDAQ 100 FI) indicate a meaningful and diversifying client base.

The product architecture is built around three layers: (1) a private banking core delivered through the Inversis-powered Banca Online portal, (2) Andbank Wealth Management SGIIC, the in-house collective investment management company administering 100+ investment vehicles (FIs, hedge funds/FILs, SICAVs, SILs) with publicly published daily NAVs, and (3) a multi-boutique investment solutions portfolio spanning Actyus (a fintech venture investment vehicle), Enfoque activo (fixed income), Selection, Andbank Sincro (equity), SIH Megatrends, MERCHBANC, Gestión Value, Gestión Talento, Gestión Best, and Inversiones alternativas, complemented by a Sigma Global Sustainable Impact (GSI) Article 8/11 ESG offering and a dedicated Sostenibilidad content and policy suite. Visible AUM includes €314.5M in SIGMA INVESTMENT HOUSE AHORRO Clase A, €194.7M in GESTION VALUE FI, and €127.5M in MYINVESTOR NASDAQ 100 FI. Marketing, analytics, and security are delivered through HubSpot, Google Analytics, Cloudflare, Akamai, and Google reCAPTCHA.

Andbank España earns revenue through recurring asset-based management and administration fees on its SGIIC fund catalogue, discretionary portfolio management fees under MiFID II (across Conservador, Moderado, Equilibrado, and Agresivo risk profiles), non-independent investment advisory fees, insurance brokerage commissions, and alternative investment fees from platforms such as the Terram Inveready Credit Partners private debt vehicle (first fund targeted at up to €200M in 2026). Pricing is bespoke and quote-based, with no public rate card. The firm supplements its private banking business with a strategic stake in MyInvestor, a Spanish neobank co-owned with El Corte Inglés Seguros and AXA in which CEO Carlos Aso is a founder, and an emerging AI-enabled cost-reduction roadmap that targets a ~25% structural cost reduction.

Name

Andbank España

Legal name

Andbank España Banca Privada, S.A.U.

Website

https://andbank.es

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Andbank España is a Madrid-based private bank and wealth manager serving high-net-worth individuals, institutional clients, and family offices in Spain via branch offices, an external advisor network, and a digital platform (Inversis), managing 100+ in-house investment funds and holding a stake in the MyInvestor neobank.

Ownership category

akta.pro rank

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Investment fund and SICAV management fees: Recurring asset-based management and administration fees earned by Andbank Wealth Management SGIIC across a large catalogue of FIs, FILs, SICAVs and SILs (hundreds of share classes disclosed via daily NAV tables).
2. Discretionary portfolio management fees: Recurring fees from discretionary portfolio management contracts (Portfolio Funds Conservador/Moderado/Equilibrado/Agresivo and Tailor Made profiles) under MiFID II.
3. Non-independent investment advisory fees: Recurring advisory fees under the 'Contrato de Asesoramiento no Independiente en Materia de Inversión'.
4. Insurance brokerage commissions: Commission income as an 'Operador de Banca Seguros Vinculado' (tied insurance broker), distributing insurance products of partner insurers.
5. Wealth management and alternative investment fees: Fees from Boutique, Selection, SIH Megatrends, MERCHBANC, Actyus (fintech smart-money vehicle) and alternative investment vehicles including private debt participation via the Terram Inveready Credit Partners platform.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

Andbank España is a Spanish private bank that provides private banking, wealth management, discretionary portfolio management and investment advisory services to high-net-worth individuals and institutional clients. It distributes a multi-boutique open-architecture catalogue of investment funds, SICAVs and alternative investment solutions through its in-house asset manager Andbank Wealth Management SGIIC, supported by a national office network, an Inversis-powered online banking platform and an external agent/advisor channel.

Product overview

Andbank España operates a platform-plus-modules architecture under the corporate brand "Andbank España" (legal entity: Andbank España Banca Privada, S.A.U.), composed of (1) a core online-banking channel ("Banca Online") delivered through the Inversis platform, (2) the wealth-management arm "Andbank Wealth Management SGIIC" that manages investment vehicles for private-banking and institutional clients, and (3) a boutique hub of modular investment solutions accessed through the "Soluciones" section — Actyus (fintech venture vehicle), Enfoque activo (fixed-income strategies), Selection (profiled open-architecture portfolios), Andbank Sincro (equity coordination), SIH Megatrends, MERCHBANC, Gestión Value FI, Gestión Talento FI, Gestión Best, and Inversiones alternativas (real-estate alternatives) — together with a transversal ESG/Sostenibilidad offering covering responsible investment policies and the Article 8/11 Sigma GSI fund.

Differentiator

Problem solved

Functional benefit

Brands

• Andbank Wealth Management: Asset management brand of Andbank España, operating as a Sociedad Gestora de Instituciones de Inversión Colectiva (SGIIC), managing investment funds, SICAVs and free investment societies (SIL) for private banking and institutional clients.
• Actyus
• Andbank Sincro
• Andbank Megatrends (SIH Megatrends)
• MERCHBANC
• MyInvestor

Products and services

• Banca Online (Online Banking)
• Discretionary Portfolio Management (Portfolio Funds and Tailor Made) Discretionary portfolio management contracts under MiFID II, offered across four risk profiles (Conservador, Moderado, Equilibrado, Agresivo) plus Tailor Made bespoke mandates for private banking and institutional clients.
• Non-Independent Investment Advisory Service Recurring investment advisory service provided under a non-independent MiFID II advisory agreement, covering fund selection and asset allocation guidance for private banking clients.
• Insurance Brokerage (Operador de Banca Seguros Vinculado) Commission-based distribution of insurance products as a tied insurance broker (Operador de Banca Seguros Vinculado) to private banking clients, alongside banking and investment services.
• Andbank Wealth Management SGIIC (Asset Management) In-house asset management company operating as a Sociedad Gestora de Instituciones de Inversión Colectiva, managing a broad catalogue of investment funds (FI), hedge funds (FIL), SICAVs and free investment societies (SIL) under discretionary and managed strategies for private banking and institutional clients.
• Actyus (Fintech Investment Vehicle) Venture and private equity vehicle branded 'smart money for disruptors', investing in and creating value in fintech companies.
• Enfoque activo (Active Fixed Income) Boutique fixed-income solution offering four specialized strategies that adapt and diversify according to investor profile within Andbank's open-architecture platform.
• Selection (Profiled Open-Architecture Portfolios) Open-architecture offering of five profiled investment fund portfolios that allow clients to select the option that best matches their needs under Andbank's open-architecture management model.
• Andbank Sincro (Active Equity Management) Equity (variable-income) management approach based on coordination, criteria and decision-making, positioned as 'the perfect movement in equity' within Andbank's boutique investment platform.
• SIH Megatrends (Andbank Megatrends FI) Investment solution providing diversified exposure to the long-term global megatrends shaping the world economy, offered through the Andbank Megatrends FI vehicle.
• MERCHBANC (Distinctive Investment Style) Investment fund brand offering a distinctive proprietary investment style positioned outside traditional benchmarks, with a broad range of alternative investment funds for all investor profiles.
• Gestión Value FI Open-architecture value-management fund that aggregates leading value-style managers under a single vehicle for clients choosing a value investment approach.
• Gestión Talento FI Investment solution aggregating equity funds and SICAVs run by value-style managers within Andbank's open-architecture model.
• Inversiones alternativas (Real-Estate-Backed Alternative Investments) Real-estate-backed alternative investment opportunities offered for portfolio diversification within Andbank's alternative investments catalogue.
• Sostenibilidad (ESG and Sustainability Offering) ESG and sustainability-aligned product suite, including the Article 8/11.1 Sigma Global Sustainable Impact (GSI) fund, responsible investment, voting and engagement policies, and the 2025 engagement report.

Quantifiable outcome

• AI adoption targeted to reduce bank cost structures by approximately 25%
• +3 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature5 records

Partnerships

Twelve partnerships are on record, tiered strategic, core and operational.

• MyInvestorstrategicStrategic or Co-development PartnerMyInvestor is a Spanish neobank co-owned by Andbank together with El Corte Inglés Seguros and AXA. CEO Carlos Aso is both Andbank CEO and MyInvestor founder. The partnership positions MyInvestor as Andbank's digital/retail growth engine to challenge traditional banks using AI-enabled distribution, lower costs (target -25% cost structure) and transparent pricing.
• El Corte Inglés SegurosstrategicStrategic or Co-development PartnerEl Corte Inglés Seguros is one of three principal backers of the MyInvestor neobank alongside Andbank and AXA, providing retail-distribution synergies via the El Corte Inglés group.
• AXAstrategicStrategic or Co-development PartnerAXA is the third principal backer of MyInvestor alongside Andbank and El Corte Inglés Seguros, supporting the neobank's insurance and investment offering.
• InvereadycoreStrategic or Co-development PartnerInveready formed a partnership with Terram Capital to develop the Terram Inveready Credit Partners private debt platform, with a co-investment agreement with Andbank (subject to internal committee approvals) and Atitlan remaining linked as a financial investor; the platform plans a first fund of up to €200M in 2026 and extends Inveready's alternatives portfolio into private debt alongside venture capital, life sciences, venture debt, public equity, private equity and infrastructure.
• Terram CapitalcoreStrategic or Co-development PartnerTerram Capital is partnering with Inveready to build the Terram Inveready Credit Partners private debt platform, with Andbank acting as co-investor (pending internal committee approval) and Atitlan as financial investor; first fund of up to €200M targeted for 2026.
• InversiscoreTechnology or IntegrationInversis provides Andbank España's online banking infrastructure (icon.inversis.com/andbank/login), enabling client self-serve banking, account access and PSD2-compliant services.
• HubSpotoperationalTechnology or IntegrationHubSpot is integrated as Andbank's marketing automation and analytics platform (cookies __hstc, hubspotutk, __hssc, __hssrc, __hs_cookie_cat_pref), supporting visitor tracking, lead capture and inbound marketing workflows.
• Google reCAPTCHA / Google Analytics / YouTubeoperationalTechnology or IntegrationGoogle services are integrated for bot protection (reCAPTCHA), web analytics (Google Analytics _ga, _gid, _gat) and embedded video distribution (YouTube). Data may be transferred internationally to the US per the cookie policy.
• CloudflareoperationalTechnology or IntegrationCloudflare provides CDN, traffic management and bot management for the Andbank España website (_cfuvid, __cf_bm, __cfruid cookies).
• AkamaioperationalTechnology or IntegrationAkamai provides security and bot detection (ak_bmsc cookie) for the Andbank España web properties.
• ActyusstrategicStrategic or Co-development PartnerActyus is featured as Andbank's fintech investment vehicle ('Smart money para disruptores - Invertimos y creamos valor en compañías fintech') and links to actyus.com.
• Sigma Global Sustainable Impact (GSI)operationalOEM/ Whitelabel/ Licensing PartnerSigma Global Sustainable Impact (Article 8 and 11.1) is referenced as an ESG-aligned product offered within Andbank Wealth Management SGIIC's investment catalogue.

Scale indicators7 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Mutuactivos: Mutuactivos is a Spanish asset manager (SGIIC) operating mutual funds, SICAVs and managed portfolios for private banking and institutional clients. Comparable to Andbank Wealth Management SGIIC in regulated collective investment management and SICAV/fund catalogue distribution within Spain.
• Banco Santander (Santander Private Banking): Santander Private Banking is the largest private banking franchise in Spain, offering HNW discretionary and advisory wealth management under MiFID II. Directly comparable to Andbank España on target customer (Spanish HNW), product set (managed portfolios, mutual funds, SICAVs), and distribution model (branches plus advisors).
• Tressis: Tressis is a Spanish independent wealth manager offering discretionary portfolios, advisory, SICAVs and fund selection to HNW clients. Comparable to Andbank España on independent, multi-manager open-architecture proposition and Spanish HNW customer focus.
• Renta 4 Banco: Renta 4 Banco is a Spanish specialist bank in asset management, brokerage and wealth advisory, with a sizable SICAV/fund catalogue and advisor network. Comparable to Andbank España on wealth and asset management focus, fund/SICAV distribution, and advisor-led HNW servicing in Spain.
• CaixaBank (CaixaBank Wealth Management): CaixaBank Banca Privada and CaixaBank Asset Management offer private banking, discretionary portfolios, and collective investment vehicles to Spanish HNW and institutional clients. Comparable to Andbank España in product mix, regulatory perimeter, and branch-led HNW distribution in Spain.
• BBVA (BBVA Private Banking): BBVA Private Banking serves Spanish HNW clients with discretionary portfolio management, advisory, and a broad SICAV/fund catalogue under MiFID II. Direct peer to Andbank España across customer segment, regulatory regime (CNMV), and wealth product offering, with a much larger but similarly architected franchise.
• Bankinter (Bankinter Banca Privada): Bankinter Banca Privada provides HNW advisory, discretionary portfolio management, and fund/SICAV products through a dedicated office network in Spain. Overlaps with Andbank España on target customer, MiFID II product set, and bank-led wealth distribution, though Bankinter is broader in retail.
• A&G Banca Privada: A&G Banca Privada is an independent Spanish private bank focused on HNW and family-office clients, offering discretionary portfolios, SICAVs, and alternative investments. Closely comparable to Andbank España on independence positioning, multi-boutique wealth architecture, and Spanish HNW target market.
• Banco Sabadell (Sabadell Banca Privada): Sabadell Banca Privada serves Spanish HNW clients with discretionary management, advisory and SICAV solutions through a specialized office network. Directly comparable to Andbank España in customer focus, MiFID II compliance regime, and boutique-style private banking positioning.

Emerging players

• Indexa Capital: Indexa Capital is a Spanish automated wealth manager serving mass-affluent and retail clients with low-fee indexed portfolios. While not a direct HNW private bank competitor, it overlaps with Andbank España's lower-fee MyInvestor-adjacent segment and represents the digital, fee-transparent competitive frontier the AI roadmap is designed to counter.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/andbankes
• YouTubeyoutube.com/channel/UCJwMsZLfjMu9pTj2w7r1K9A
• Facebookfacebook.com/andbankes
• LinkedInlinkedin.com/company/andbank

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Andbank España