InvestSMART
I'm considering investing with InvestSMART

What information will I need to open an account?

 

All the requirements to open an investment account in your name. InvestSMART will require the following details throughout the application process for individuals looking to open a Professionally Managed Account (PMA).

Full Name

Date of Birth

Residential Address

Phone Number (Landline/Mobile)

Email Address

Tax File Number (AUS) or Tax Identification Number (O/Seas)

Australian Bank Account (BSB & Account Number) O

ne Additional Source of Identification (License/Medicare/Passport)

All other requirements will be personal preferences for initial life of your account.

Investment Amount Investment Model(s)

Investment Allocation(s)

Income Preference

Regular Contribution Plan

Regular Withdrawal Plan

If you're currently living abroad, paying tax abroad or simply not an Australian citizen then please use the article below to view some additional information about your application requirements.

Do I need to be an Australian citizen or living in Australia to invest?

If you've got all the information you need to get started click the button below to start your application.

 

All the requirements to open an investment account for yourself and jointly with another adult. InvestSMART will require the following details from individuals looking to submit a joint application to open a Professionally Managed Account (PMA).

  • Full Name(s)
  • Date of Birth(s)
  • Residential Address
  • Phone Number (Landline/Mobile)
  • Email Address
  • Tax File Numbers (AUS) or Tax Identification Numbers (O/Seas)
  • Joint Australian Bank Account (BSB & Account Number)
  • One Additional Source of Identification (License/Medicare/Passport)

All other requirements will be personal preferences for initial life of your account.

  • Investment Amount Investment Model(s)
  • Investment Allocation(s)
  • Income Preference
  • Regular Contribution Plan
  • Regular Withdrawal Plan

If one or both applicants are currently living abroad, paying tax abroad or simply not an Australian citizen then please use the article below to view some additional information about your application requirements.

Do I need to be an Australian citizen or living in Australia to invest?

If you've got all the information you need to get started click the button below to start your application.

All the requirements to open an account for your SMSF. In Australia you have a choice between two structures for your SMSF where:

  • Up to four individuals are listed as trustee (Individual Trustee) or
  • a company, such as a Pty Ltd, is listed as trustee (Corporate Trustee)

InvestSMART will require different details depending on the structure of your SMSF, so please see the relevant option below to see the correct requirements for you.

What do I need to apply for my SMSF (Individual Trustees)?

InvestSMART will require the following details from those individuals listed as trustees for the SMSF looking to submit an application to open a Professionally Managed Account (PMA).

  • Full Name(s)
  • Date of Birth(s)
  • Residential Address
  • Phone Number (Landline/Mobile)
  • Email Address
  • One Additional Source of Identification (License/Medicare/Passport)

We will also require the following details in order to verify the SMSF as an entity.

  • Superannuation Fund Name Australian Business Number (ABN)
  • Superannuation Fund Bank Account (BSB & Account Number)

All other requirements will be personal preferences for initial life of your account.

  • Investment Amount
  • Investment Model(s)
  • Investment Allocation(s)
  • Income Preference
  • Regular Contribution Plan
  • Regular Withdrawal Plan

What do I need to apply for my SMSF (Corporate Trustee)?

InvestSMART will require the following details from those individuals listed as directors of the corporate entity acting as trustee for the SMSF looking to submit an application to open a Professionally Managed Account (PMA).

  • Full Name(s)
  • Date of Birth(s)
  • Residential Address
  • Phone Number (Landline/Mobile)
  • Email Address
  • One Additional Source of Identification (License/Medicare/Passport)

We will also require the following details in order to verify the SMSF as an entity.

  • Superannuation Fund Name Australian Business Number (ABN)
  • Superannuation Fund Bank Account (BSB & Account Number)

We will also require the following details in order to verify the corporate trustee entity.

  • Company Name Australian Company Number (ACN)
  • Principal Place of Business Address Registered Office Address

All other requirements will be personal preferences for initial life of your account.

  • Investment Amount
  • Investment Model(s)
  • Investment Allocation(s)
  • Income Preference
  • Regular Contribution Plan
  • Regular Withdrawal Plan

All the requirements to open an account for your Trust.

In Australia, you have a choice between two structures for your Trust where:

  • individuals are listed as trustee (Individual Trustee)
  • a company is listed as trustee (Corporate Trustee)

InvestSMART will require different details depending on the structure of your Trust, so please see the relevant option below to see the correct requirements for you.

How can I apply for my Trust (Individual Trustees)?

InvestSMART will require the following details from those individuals listed as trustees for the Trust looking to submit an application to open a Professionally Managed Account (PMA).

  • Full Name(s)
  • Date of Birth(s)
  • Residential Address
  • Phone Number (Landline/Mobile)
  • Email Address
  • One Additional Source of Identification (License/Medicare/Passport)

We will also require the following details relating to the Trust itself.

  • Trust Name Australian Business Number (ABN)
  • Tax File Number (TFN)
  • Trust Bank Account (BSB & Account Number)

If your Trust doesn't have an Australian Business Number (ABN) then we will require you to arrange for three pages of the Trust deed to be certified, within the last three months, and emailed to us at invest@investsmart.com.au and they are:

  • Cover Page
  • Schedule Page
  • Signature Page

All other requirements will be personal preferences for initial life of your account.

  • Investment Amount
  • Investment Model(s)
  • Investment Allocation(s)
  • Income Preference
  • Regular Contribution Plan
  • Regular Withdrawal Plan

How can I apply for my Trust (Corporate Trustee)?

InvestSMART will require the following details from those individuals listed as directors of the corporate entity acting as trustee for the Trust looking to submit an application to open a Professionally Managed Account (PMA).

  • Full Name(s)
  • Date of Birth(s)
  • Residential Address
  • Phone Number (Landline/Mobile)
  • Email Address
  • One Additional Source of Identification (License/Medicare/Passport)

We will also require the following details in order to verify the corporate trustee entity.

  • Company Name
  • Australian Company Number (ACN)
  • Principal Place of Business Address
  • Registered Office Address

We will also require the above mentioned details relating to the Trust itself. 

How can I apply to invest on behalf of my children, grandchildren or others under 18? InvestSMART caters for those who wish to create an investment portfolio for those who are yet to turn 18 and be legally allowed to invest in their own name.

We have an online application for this type of investment. It will require an adult/s to "act as trustee" for the minor, but please keep in mind that this doesn't create a legal trust in the manner that of a family or discretionary trust. It will also require either the adult/s or the minor to provide their Tax File Number (TFN) and accept tax liability for the investments held.

Please consult your tax professional if you have any doubts over which option will be best for your circumstances.

We will require the adult/s to provide the following details to act as trustee.

  • Full Name
  • Date of Birth
  • Residential Address
  • Tax File Number - if accepting tax liability
  • One Additional Source of Identification (License/Medicare/Passport)

We will require the following details for the minor:

  • Full Name
  • Date of Birth
  • Residential Address
  • Tax File Number - if accepting tax liability

In addition there would need to be an Australian bank account provided that is either in the name of the adult, the child or the adult as trustee for the child.

When you submit your investment application online our Operations Team will receive a digital copy of the application for review and approval.

After approval you will be sent a confirmation email and the funding details.

InvestSMART uses the BPAY system as it allows for efficient and accurate tracking of numerous payments received on a daily basis. Please keep your BPAY details on file as you can continue to use them for contributions in the future.

We do not issue details for Electronic Funds Transfer (EFT).

We are aware that you may have daily limits for transfers using BPAY but you may not know it is possible to temporarily or permanently change these limits by speaking to your financial institution.

Alternatively, if you would prefer we are more than happy to receive your initial funding across multiple payments and we will await the full amount before commencing the investment process.

Related topics

InvestSMART has several tools and guides to help you select the right portfolio.

You will notice a common thread throughout the guides, the investment time frame. We recommend investors look at the suggested time frame associated with each portfolio to see if it aligns with their investment goal.

Here is a list of tools and guides to help select the right portfolio:

Calculators

Additionally, we have InvestSMART Bootcamp, which is a comprehensive investment course designed to get you started on the right foot.

Explore Bootcamp here.

The InvestSMART Professionally Managed Account (PMA) is established and offered within the registered managed investment scheme known as the Professionally Managed Accounts.

Each investor has a separate account to which their investments are allocated. You will require a different PMA fo each investment entity you have e.g. individual, joint, SMSF etc.

A client will open an InvestSMART PMA and can then choose between the various InvestSMART Diversified Portfolios. An account can hold one or more models. The management fee is charged at the account level, not per portfolio.

Once you decide which model portfolio(s) are best suited to your investment needs and objectives, we will purchase investment to be included in your account so that it reflects the model portfolio, or combination of model portfolios, that you have selected.

When you open an InvestSMART Professionally Managed Account (PMA), you choose from InvestSMART's range of Diversified Portfolios to invest in. A list of the portfolios can be found here.

These managed portfolios comprise of Exchange Traded Funds (ETFs) or, in some cases direct shares. In particular, the InvestSMART Hybrid Income Portfolio invests in Australian listed hybrids and listed debt securities.

What is an Exchange Traded Fund? An Exchange Traded Fund, or ETF, is a managed fund that trades on the stock market.

There are different types of ETFs, each with its own purpose, but most commonly, they will track or follow a particular index.

For example, if you want to follow or track the S&P ASX 200 (the top 200 Australian shares by market capitalisation), you could either buy each individual share (200 shares) or one ETF. The one ETF wraps up the 200 shares into one holding. By holding this one ETF, you get exposure to the movements of the ASX 200, less any fees.

Investing in ETFs is a form of passive investing, and they generally incur cheaper management fees, as fewer investment decisions are required to manage an ETF. They are also quite liquid and traded easily on an exchange.

You can see the holdings of each InvestSMART managed portfolio by navigating to its product page and scrolling to Key Facts > Holdings.

Yes, all investments held within your InvestSMART PMA are held in your name (or chosen entity e.g. SMSF) in a CHESS sponsored broking account.

You are the registered legal and beneficial owner of a portfolio of securities. You can log into the investor website at any time to view the individual securities that make up your Account.

Rebalancing within your InvestSMART PMA is an automatic process whereby model portfolios are compared against the investors’ accounts. The portfolios are monitored on a daily basis, reviewed monthly and reviewed by the Investment Committee formally every quarter.

We aim to keep transactions to a minimum and allow the asset classes to provide the return rather then chopping and changing out of investments.

Your Account will only be rebalanced in the following circumstances:

  • The Portfolio Manager decides to rebalance or switch out a holding;
  • You add cash or remove cash from your account;
  • You switch Model Portfolios or make other alterations to your Account; or
  • Where your cash percentage has moved away from the model portfolio percentage due to dividends received or fees paid.

Investors can see the transactions via the Transactions section when logged in.