The current minimum investment amount for the InvestSMART Professionally Managed Account (PMA) starts at $10,000 per model portfolio; unless otherwise stated in the Key Facts section of the online information page or the Key Details section of the Investor Pack.

If you already have an InvestSMART PMA and just wish to add to your existing investment model, you do not require another $10,000 to contribute to that same investment.

Example: In your InvestSMART PMA you have $15,000 in the InvestSMART Conservative Portfolio and $11,000 in the InvestSMART Interest Income Portfolio.

You wish to withdraw $6,000 from the total portfolio.

Each portfolio requires a $10,000 minimum balance, so $5,000 would be withdrawn from the InvestSMART Conservative Portfolio and $1,000 from the InvestSMART Interest Income Portfolio.

This does not include a Fundlater account, where the minimum investment amount provided by the investor is $4,000.

Why is the minimum amount $10,000?

Each InvestSMART diversified ETF portfolio consists of multiple ETFs. This minimum balance has been set to ensure that investors can effectively maintain the model portfolio allocation without encountering inefficiencies, and also holding all the necessary underlying assets.