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SFR Research Company



Scandinavian Financial Research (SFR) was founded in 1990. For decades, we have studied the institutional asset management industry in Finland and produced high-quality reports for the needs of investors and asset managers.

We provide independent research services to investors and service providers. In addition, we help them develop their own operations further based on the results of research.

Since 2021, we have been part of the Finnish Sijoittaja-group when SFR Advisors (formerly SijoittajaPRO Finland Oy), a provider of investment consulting services, acquired SFR Research. Together we can serve both investors and service providers even better.

The Sijoittaja Group also includes and SijoittajaPRO Corporate Finance, and we actively utilize the expertise of the entire Group in our operations. provides objective information on investing, such as news, articles and analyses, as well as investor tools suitable for private and professional use, and SijoittajaPRO Corporate Finance provides corporate finance services.




Our mission is to improve the understanding of asset management markets between investors and service providers.




Our vision is to be the leading provider of qualitative research in the asset management sector in the Nordic countries.






Promoting sustainable investing

Customer Focus

Over 30 years of history


  • 1990

    SFR was established in 1990 by Ingo Walter, the Seymour Milstein Professor of Finance, Corporate Governance and Ethics at the Stern School of Business, New York University, to conduct research on the Nordic Corporate Banking market.

  • 1991

    Launch of the Corporate Banking Programme, the successful implementation of an in-depth research concept in the Nordic countries.

  • 1996

    The Institutional Investment Services Programme was launched. The first major study of institutional asset management, with carefully selected investors. SFR decided to focus closely on customer experiences and the background factors that affect them.

  • 2000

    The Competitive Positioning Report on the Finnish market was launched, becoming an integral part of the SFR Institutional Investment Programme. It covers both discretionary asset management and the market for fund services, including Investment Funds as well as Alternative Investment Funds.

  • 2006

    Additional resources were hired to strengthen the research team and the data management.

  • 2010

    In Sweden, the Institutional Investment Services Program surveys were conducted for three consecutive years.
  • 2012

    For two consecutive years, Investment Services Programme studies were carried out in Denmark.

  • 2013

    Implementation of a Private Banking Research programme for the Finnish market.  

  • 2015

    Launch of a Non-Life Insurance research product in Finland and SFR’s 25th anniversary celebrations.

  • 2019

    The 20th annual Investment Services Programme report was completed.

  • 2021

    Sijoittaja PRO Finland Oy (currently SFR Advisors Oy) and Scandinavian Financial Research signed an agreement transferring SFR's majority shareholding to Sijoittaja PRO Finland Oy.

    Family Offices Programme concept was launched.

  • 2022

    A separate institutional Alternative Investments Programme launched.

  • 2023

    The parent company of SFR, SijoittajaPRO Finland Oy, changed its name to SFR Advisors, and we unified the branding of the companies. Additional resources were hired to develop the operations of the companies.