InvestSMART Group June 2026 Business Update
Key points
- Update on proposed sale of Intelligent Investor to TIP
- Operating income up 5% to $9.82 billion
- Funds Under Management increased by 10% to $753 million
- Expected operating loss of approximately $430k for the year
Full summary
InvestSMART Group Limited (ASX: INV) provided a business update for the quarter ending 30 June 2026. The company reported an increase in Funds Under Management (FUM) by 10% to $753 million, with growth in both its Professionally Managed Accounts (PMA) platform and Intelligent Investor ETFs. Operating income increased by 5% to $9.82 billion, though the company expects to report an operating loss of approximately $430k for the year. The proposed sale of Intelligent Investor to TIP remains conditional. The company also announced an on-market share buyback and the resignation of the Company Secretary, effective 26 June 2026.
Guidance
Expected operating loss of approximately $430k for FY2026
Outlook
InvestSMART plans to focus on growing its wealth advice business through the InvestSMART platform with the addition of financial advisers.
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