InvestSMART to realise $16m from Intelligent Investor sale

InvestSMART Group (ASX: INV) has agreed to sell the Intelligent Investor business to another listed entity to better focus on its proprietary digital advice, separately managed accounts and investor wealth platform.

The Intelligent Investor business, comprising the website and management rights to its four ETFs, will be sold to Teaminvest Private Group (ASX: TIP) for $16 million, which will be above the business' current share price once completed.

The suite includes the Intelligent Investor Select Value Share Fund (ASX: IISV); Intelligent Investor Equity Growth Fund (ASX: IIGF); Intelligent Investor Ethical Share Fund (ASX: INES); and Intelligent Investor Australian Equity Income Fund (ASX: INIF), with combined funds under management (FUM) of $280 million as at 31 March 2026.

Notably, InvestSMART, through InvestSMART Funds Management Limited, will remain the responsible entity.

The transaction is subject to several conditions, including shareholder and regulatory approvals.

Commenting, InvestSMART chief executive Ron Hodge said TIP is well-placed to bring the business forward, as the sale "further strengthens" InvestSMART's balance sheet.

"InvestSMART has spent the last 12 years growing the Intelligent Investor business including issuing four ASX-listed active ETFs and acquiring and integrating Eureka Report," Hodge said.

"TIP has indicated their commitment and focus to grow the newsletter and funds management business, including through the financial adviser market. The TIP funds management business follows the same value investing methodology as Intelligent Investor and will be a perfect fit.

"The sale of Intelligent Investor will allow InvestSMART to focus on growing its wealth advice business through the InvestSMART platform, technology tools for investors with the addition of financial advisers."

TIP chief executive Andrew Coleman said the incoming business will become TIP's retail facing arm, aligned with its existing wholesale and institutional investing education, advice and funds management offerings.

"Intelligent Investor has been the premier retail focused value investing brand for well over 20 years... [it has] cultivated a premier position through consistent, detailed, research: and critically has changed the lives of tens of thousands of Australians," Coleman said.

"We at TIP are excited to work with the wonderful team of analysts, journalists and staff to change the lives of even more Australians through access to quality investing research and commentary.

"We think Intelligent Investor will find a wonderful long-term home in TIP, aligned with our mission of using proprietary, research driven, insights to create better investors and better business people."