Case study: dozens of accounts, several platforms, one household

A composite walk-through of what Codev Wealth does when it runs against a real high-net-worth household. Numbers are illustrative and rounded; all names are placeholders.

The starting point

Two working parents, two teenage children. Accounts on Avanza, Nordnet, SEB, Movestic, SPP, and PPM. Occupational pensions accumulated across several past employers. A primary residence and a second home. A planned overseas apartment purchase in the next 2–3 years (EUR-denominated).

Before Codev: one spreadsheet only half the household understood, updated by hand once a quarter. No clear picture of what each fund actually held. No risk measure. No tax coordination across wrapper types.

What Codev computes every day

• Look-through: every fund is unpacked to underlying stocks. A single mega-cap can turn out to be held directly in one broker and inside three global funds — true exposure several times what the account-level view suggested.
• Household risk: 12-month VaR, daily volatility, per-owner risk decomposition. Free VaR (excl. locked pension) is separated from total VaR — the risk number matches the capital you can actually move.
• Tax-aware routing: new buys default to ISK, pension accounts only emit SWITCH orders, and any large latent capital gain gets a "check CGT before selling" flag instead of an unconditional recommendation.
• Rebalancing cadence: ISK weekly, pension monthly, PPM quarterly — matching the actual operational limits of each wrapper.
• Monte Carlo: 1,000 paths over 50 years to answer "can we make the planned property purchase without weakening the p10 pension scenario?"

Concrete insights the system has surfaced

• Duplicate US large-cap position: the same ticker held at two different brokers, previously counted as one line in the spreadsheet. Real concentration was roughly double what the household thought.
• A long-held Swedish blue-chip with a very large unrealised gain (multi-hundred-percent). The system flags it every rebalance but refuses to recommend selling without first showing the 30% CGT cost and alternatives (multi-year unwind, gifting to family members).
• Two child KFs with different owners but identical fund lineups — geographic overlap was near-total. Recommendation: swap one lineup to a global small-cap tilt so the diversification is real, not nominal.
• Occupational pensions: several separate policies had defaulted to Sweden-heavy balanced funds. Look-through revealed Swedish equity weight running at nearly 3× the strategic target across the total household portfolio.

What pilot users say