InvestSMART Account Types

InvestSMART offers several types of accounts for investors, allowing them to tailor their investment strategy according to their financial goals and risk tolerance. The main account types include:

• Professionally Managed Accounts (PMA): These accounts are designed for investors who prefer a hands-off approach. They provide a professionally managed investment portfolio where investors retain legal ownership of the underlying securities. Key features include:
• Customizable Portfolios: Investors can choose from multiple model portfolios that cater to different risk levels and investment objectives.
• Capped Management Fees: Management fees are capped at $550 per year for investments over $100,000.
• Ownership of Securities: All investments are held in the investor's name, providing transparency and security.
• Single Asset Class Portfolios: These accounts focus on specific asset classes, such as:
• InvestSMART International Equities
• InvestSMART Australian Equities
• InvestSMART Property & Infrastructure
• InvestSMART Hybrid Income
• InvestSMART Cash Securities
• InvestSMART Interest Income
• Diversified Portfolios: These accounts combine various asset classes to spread risk and enhance returns. Options include:
• InvestSMART Conservative
• InvestSMART Balanced
• InvestSMART Ethical Growth
• InvestSMART Growth
• InvestSMART High Growth

InvestSMART Broker Account Opening Process

To open an account with InvestSMART, follow these steps:

• Choose Account Type: Decide whether you want a PMA or a single asset class portfolio. Note that each PMA can only hold one diversified portfolio, but multiple single asset class portfolios can be included.

• Gather Required Information:

• Full name
• Date of birth
• Residential address
• Phone number (landline/mobile)
• Email address
• Tax File Number (TFN) or Tax Identification Number (TIN)
• Australian bank account details (BSB & account number)
• One additional source of identification (e.g., Australian license, Medicare card, or passport)
• Complete the Application:
• Specify your initial investment amount.
• Select the investment model(s) and allocation(s).
• Indicate any income preference and set up a regular contribution or withdrawal plan if desired.

• Submit Application: After completing the online application form, submit it for review. InvestSMART will contact you to confirm your application and provide funding details.

• Funding Your Account: Use the BPAY system for your initial funding. Ensure you keep your BPAY details for future contributions.

• Account Activation: Once your funds are received and processed, your account will be activated, and you can start managing your investments online.

For more detailed information on the account types and the opening process, you can visit the InvestSMART Help Centre.