Yes, you can close your InvestSMART PMA at any time.
InvestSMART will sell down your portfolio and deduct any outstanding instalments. Once this is completed, we will return the remaining amount to you.
InvestSMART bears the risk. If the sum of remaining instalments is greater than the portfolio's value, the investor will receive no money but will not owe InvestSMART either.
To close an account, click on:
- My Account
- Withdrawal Request (see 1 below)
- Tick the Close Account box (see 2 below)
- Click next (see 3 below)
- Verify the request via SMS or email
The holdings will be sold down and when the transactions settle the funds will be transferred to the bank account we have on file. It's a good idea to first check your bank account on file here.
Please allow up to five business days to receive the funds.
Please note that account closures are final however you can reapply if you wish to open a PMA account in the future.
Screenshot showing close account box selected