About Avagance

Built from the client's side of the desk.

We started from the simplest question: what does an adviser actually do that a machine cannot? Everything in Avagance exists to protect that answer, not replace it.

Good advice is getting harder to deliver profitably, at exactly the moment more people need it. Advisers spend most of the day in admin, compliance and re-keying the same client details into systems that never talk to each other, so firms stay small and clients below a certain size never get served at all.

Avagance is our answer: one operating system that runs the whole firm by voice. Ava does the work, from first-meeting notes to suitability reports to compliance checks, and a human signs off on everything before it leaves the firm. Not another AI notetaker bolted onto the pile. The system underneath the firm.

Human in the loop, everywhere. Ava assists and adds capacity; it never replaces the adviser, and nothing client-facing goes out without a person putting their name to it. Sensitive cases stay human-led. That is not a limitation we tolerate. It is the point.

The mission

The industry is ageing, and the biggest wealth transfer in history is underway.

The number of UK advisers has been broadly flat for years, and few firms ever grow from one adviser to two. Generic AI will tell anyone what to invest in, then add "not financial advice." Confident, and accountable to no one.

The FCA's new targeted support regime, live since April 2026, lets authorised firms give ready-made help to the millions who can't get full advice, with a real firm standing behind it. The hard part was never the rules. It is the capacity to deliver.

We are building the system that lets good firms grow into that gap. Avagance runs the whole journey, so even a small or starting firm can offer it, and larger firms can serve far more, without adding headcount.

For a beginning adviser or small firm
Two hundred clients. Zero missed.
£50K–100KThe client range Avagance makes profitable, reaching clients advice can't serve today
2×Capacity for the same team, with a junior brought in behind senior sign-off
5 to 1Disconnected subscriptions collapsed into one platform. Your back office stays.
For an established practice or growing firm
Some firms give their clients Ava. Most give them a login and a phone number.
HNW & UHNWServe mass affluent through to high and ultra-high-net-worth clients on one platform
24/7Ava is always available to your clients, even when you are on holiday or with family
Grow FUMHire and onboard advisers safely, and lift the capacity of the team you already have

Sources: FCA Financial Advice Firms Survey 2025; FCA register data. Figures describe the model's intended economics, not a guarantee.

Who built it

A small team, built through the lens of the adviser and the client.

Core team

Lithika Ranepura

Lithika Ranepura

Co-Founder and CEOMSc in Investments · engineer before investorLithika on LinkedIn

Lithika built Avagance from the client's side of the desk, starting from one question: what does an adviser actually do that a machine cannot? Everything in the platform exists to protect that answer, not replace it.

He builds things and finishes them. He took a specialist clinic from zero to a clean exit at twice its annual net profit, running it remotely on systems and documentation alone while completing an MSc in Investments. That is where his instinct for Avagance comes from: keep the hard engineering underneath, where the client never sees it, and make the surface simple enough to trust.

An engineer before he was an investor, he pairs that build discipline with genuine quant depth. His MSc dissertation built a novel hybrid forecasting model that outperformed the standard statistical benchmark, then spent as much effort making its reasoning transparent, on the view that a forecast is only useful when an adviser can explain it to a client who just watched the news and is worried about their pension. That view runs right through Ava.

Focus

  • Agentic AI for the real workflow of an advice firm, from lead to suitability report to provider
  • Hard systems that stay simple and explainable, for both the adviser and the client
  • Making good advice profitable to deliver at every level of client assets
Dinuwan Fernando

Dinuwan Fernando

Co-Founder and CTOSoftware engineering, University of PlymouthDinuwan on LinkedIn

Dinuwan is the engineer behind the platform. He architected and built Avagance end to end, from the database schema to the API layer to the advisor portal to the AI agents sitting on top, without outsourcing a line of it.

His defining rule is a simple one: a wrong number is worse than no number. In software that advisers repeat to clients, a valuation that quietly shows zero because a data feed is down is not a UI bug, it is a compliance risk. So he built that principle into the system itself, where every calculation returns a clear result, an honest "unavailable", or an error with a reason, and no part of the platform is allowed to invent a fallback. That instinct for what to refuse to display is what makes him the right person to build software for a regulated profession.

A software engineering graduate from the University of Plymouth, he came to this through machine learning. His final year project built a credit-scoring model for corporate and retail lending, and the lesson that stuck was not the accuracy score but what happens when a model is confidently wrong. It shaped how he builds AI for financial services now: fairness, transparency and proper checks, from the start.

Focus

  • Architecting and building the full Avagance platform, from data layer to AI orchestration
  • Correctness and safety in numeric output, the difference between a demo and a product advisers can trust
  • Applied ML with fairness and explainability, built for a regulated profession
Maria Psarra

Maria Psarra

Founding Product AdvisorCISI Level 6 Certificate in Advanced Financial PlanningMaria on LinkedIn

Maria is the adviser in the room. She runs her own advice firm, so every product decision gets tested against how advice is actually delivered and how a practice actually runs, not a theory of either.

She is Founder and Director of Iris Wealth Management, a Partner Practice of St. James's Place, advising high-net-worth individuals, couples and families on investment, retirement, protection and estate planning, and holds the CISI Level 6 Certificate in Advanced Financial Planning. Before advice, she spent years in the markets, starting in fixed income derivatives in 2010 and going on to head trading desks at JNF Capital, Prime Wealth Group and ZAI Capital Markets.

She is also well known beyond the desk: a monthly columnist for Master Investor Magazine, a presenter on Tip TV, the author of 18 Smart Ways to Improve Your Trading, and a familiar name in magazines like Entrepreneur UK and International Business Times. She knows how to make a complicated subject land, which is exactly what advice, and Avagance, has to do.

Focus

  • The real workflow of a UK advice practice, from the adviser's and the business owner's seat
  • HNW investment, retirement, protection and estate planning
  • Wealth accumulation, preservation and transfer through tax-efficient structures

The services provided by Avagance are separate and distinct from those offered by Iris Wealth Management Ltd and St. James's Place Wealth Management.

Mel Abplanalp

Mel Abplanalp

Founding Operations AdvisorDipPFS (CII) · Certificate in ESG Investing (CFA UK)Mel on LinkedIn

Mel has done almost every job in an advice firm. Administrator, paraplanner, financial planner, and finally operations leader. That full run through the profession is exactly why she is here: she can tell the difference between a feature that actually helps a practice and one that just looks good in a demo.

She spent a decade inside financial planning operations, most recently as Head of Operations at Emery Little and before that in the same role at Buckingham Gate Chartered Financial Planners, with earlier spells at St. James's Place, Smith & Williamson and Black Swan. She is DipPFS qualified with the Chartered Insurance Institute and holds a Certificate in ESG Investing from CFA UK. Few people understand what it takes to run a modern advice business from as many angles as she does.

Her job at Avagance is to keep the platform honest. She shapes the workflows so they make sense with a human in the loop, where the AI does the work and the adviser stays in control, and she holds every feature to one test: is this actually useful, or just nice to have?

Focus

  • How an advice practice runs day to day, from administration to paraplanning to operations leadership
  • Workflows that make sense with a human in the loop, useful over nice to have
  • Turning operational reality into product that advisers and their teams will actually use

Board of advisors

Sanat Dhir

Sanat Dhir

Chief Technical Advisor · EngineeringFormerly JPMorgan, Citi, ICAP, Acorns and EvolutionIQSanat on LinkedIn

Sanat has spent his career building the kind of software we are building: financial platforms, at scale, inside regulated firms, and more recently with AI doing real work in production. He has enabled engineering at some of the biggest names in finance, and has shipped AI into environments where accuracy and oversight are not optional. That mix of deep financial engineering and practical AI is exactly the experience we wanted guiding the build.

Track record

At JPMorgan he ran the engineering behind their ETF platform, more than 200 funds across the UK, Asia and the US, all inside a bank with strict regulatory controls. At Citi and ICAP he built the trading systems used by professional FX traders. At Acorns, the US investing app, he enabled the engineering team behind a product used by millions of everyday savers. At EvolutionIQ he built a platform engineering team from nothing, enabled around 110 engineers, and shipped the AI that pulls answers out of huge libraries of medical and claims documents, with proper checks on accuracy and governance. He is now building his own AI-native fintech platform, PayFence.

Focus

  • Building financial software inside regulated environments
  • Putting AI into production where accuracy genuinely matters
  • Scaling engineering teams and platforms as a business grows
  • Knowing when AI is the right tool and when it is not
Michael Biedermann

Michael Biedermann

Board of Advisors · GTM30 years in enterprise software sales leadershipMichael on LinkedIn

Thirty years in enterprise software sales leadership across cybersecurity, networking and data infrastructure, with three successful exits. Senior leadership at Veracode, Armis, BeyondTrust, BlueCat Networks, ExtraHop, IBM, inContact and Brocade, including SVP Americas Enterprise Sales at BeyondTrust through its move from perpetual licensing to ARR.

Track record

Grew the Veracode strategic funnel from $7.1M to $24.9M in six months. Built the Armis Central region from zero, with pipeline from $2.7M to $37M in nine months. Scaled the BeyondTrust enterprise team to 66 across the Americas and delivered 31% year-on-year growth.

Focus

  • GTM strategy for early and growth-stage B2B software
  • Building and scaling enterprise sales teams from zero
  • MEDDPIC sales execution and channel partnership development

Avagance is a software provider and is not authorised or regulated by the FCA; it does not provide financial advice.

Come and see it work.

If any of this sounds like your firm's week, sign up below. A person sets you up, not a help article.

Claim a founding place
Founding places

Advisers advise. Ava does the admin.

  • Your first 8 weeks are free, with a person from our team alongside you.
  • Then you pay half the standard plan, for as long as you stay.
  • 1 adviser per firm. No card, no contract, nothing to sign.

Founding places are held per firm, so please use your firm email address. No card details, and nothing is charged while we are still talking. Your first name may appear in the list of recent founding partners on our pages, never your email. We use your details only to contact you about Avagance, as set out in our privacy notice.