InvestSMART

InvestSMART Group Limited (ASX:INV)

ALERT: Price-sensitive ASX Announcement for INV
Current share price for INV : $0.110 0 (0%)+
Announcement
Release
29 Jul 2026 9:48AM
Price at Release
$0.110
Full Release
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Summary
InvestSMART Group Limited, an Australian digital wealth and advice platform, reported a business update for the quarter ending June 30, 2026. The company noted a 10% increase in total Funds Under Management (FUM), reaching $753 million by June 30, 2026, compared to the previous year. The InvestSMART Professionally Managed Accounts (PMA) platform, which offers portfolios of exchange-traded funds, saw a 24% increase in funds under management, reaching $479 million. Subscription income grew by 2%, though total subscribers decreased. InvestSMART is in the process of selling the Intelligent Investor business to Teaminvest Private Group Limited. However, this transaction remains conditional. The company expects to report an operating loss of approximately $430,000 for the fiscal year ending June 2026, attributed partly to a decrease in cash at bank due to early subscription renewals ahead of a price rise. The company remains committed to focusing on its wealth advice business through the InvestSMART platform.
Key Points
  • Total Funds Under Management increased to $753 million.
  • InvestSMART PMA platform funds grew by 24% to $479 million.
  • Subscription income increased by 2%, but total subscribers decreased.
  • Proposed sale of Intelligent Investor to Teaminvest Private Group.
  • Expected operating loss of approximately $430,000 for fiscal year 2026.
  • Decrease in cash at bank due to early subscription renewals.
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.