InvestSMART

Teaminvest Private Group Limited (ASX:TIP)

ALERT: Price-sensitive ASX Announcement for TIP
Current share price for TIP : $1.270 0.075 (6.28%)+
Announcement
Release
20 May 2026 1:01PM
Price at Release
$1.195
Full Release
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Summary
InvestSMART Group Limited announced a proposed sale of its Intelligent Investor business to Teaminvest Private Group Limited (TIP). The transaction is structured under a binding term sheet where InvestSMART will sell the Intelligent Investor, including its subscription service and exchange traded funds, for $16 million. This sale is intended to allow InvestSMART to concentrate on its core InvestSMART wealth management platform. Intelligent Investor will become TIP's main retail brand, complementing its existing services in funds management and investment education. The acquisition is expected to enhance TIP’s retail distribution while maintaining its value investing philosophy.
Key Points
  • InvestSMART to sell Intelligent Investor to TIP for $16 million.
  • Transaction includes Intelligent Investor’s subscription service and ETFs.
  • InvestSMART to focus on its wealth platform post-sale.
  • Intelligent Investor to become TIP's primary retail brand.
  • Transaction aligns with TIP's value investing strategy.
  • Sale subject to shareholder and regulatory approvals.
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.