InvestSMART

InvestSMART Group Limited (ASX:INV)

ALERT: Price-sensitive ASX Announcement for INV
Current share price for INV : $0.110 0.025 (29.41%)+
Announcement
Release
20 May 2026 1:01PM
Price at Release
$0.085
Full Release
download
Summary
InvestSMART Group Limited is selling its Intelligent Investor business to Teaminvest Private Group Limited for $16 million. The sale includes all assets and subsidiaries related to Intelligent Investor's services but excludes InvestSMART Funds Management Limited and its Professionally Managed Accounts. This transaction allows InvestSMART to focus on expanding its wealth advice business. The deal is subject to shareholder and regulatory approvals. TIP intends to use Intelligent Investor to bolster its retail brand while preserving its value investing ethos.
Key Points
  • InvestSMART Group Limited has entered into a binding agreement to sell Intelligent Investor to Teaminvest Private Group Limited (TIP) for $16 million.
  • The transaction involves selling all subsidiaries and assets required for the Intelligent Investor's subscription service and exchange-traded funds.
  • InvestSMART will retain ownership of InvestSMART Funds Management Limited and its Professionally Managed Accounts.
  • The sale allows InvestSMART to focus on its wealth advice business and expand through strategic acquisitions.
  • The completion of the sale is subject to conditions including shareholder approval and necessary regulatory consents.
  • TIP plans to leverage Intelligent Investor as its primary direct-to-consumer retail brand and maintain its distinct brand identity.
  • Intelligent Investor will enhance TIP's retail distribution capabilities while maintaining its value investing philosophy.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.