What is Spriggy Invest and how does it work?

Spriggy Invest is an online investment platform available through the Spriggy app. It allows an adult to open and operate a Spriggy Invest account on behalf of a child under 18.

Money invested through Spriggy Invest is placed into the Spriggy Growth Portfolio.

The Spriggy Growth Portfolio is a managed portfolio made up of exchange traded funds (ETFs). The ETFs and their target allocations are selected and managed by the Betashares Investment Committee.

The ETFs provide exposure to different investments, including Australian and global shares. The investments included in the portfolio and their allocations may change over time.

Betashares Capital Ltd is the responsible entity of the Betashares Invest Fund, which Spriggy Invest forms part of. Betashares operates the scheme, manages the Spriggy Growth Portfolio and carries out investment instructions submitted through Spriggy Invest.

Spriggy distributes Spriggy Invest and provides access to investing through the Spriggy app.

Spriggy has been appointed as an authorised representative of Betashares for the financial services it provides in relation to Spriggy Invest.

No. Spriggy Invest provides access to the Spriggy Growth Portfolio. Betashares selects the ETFs in this managed portfolio and determines their target allocations.

Fractional investing allows your account to hold an interest in part of a whole ETF unit. This means investments do not need to be made only in whole ETF units.

Fractional interests are allocated to your Spriggy Invest account, while the whole units are held by the scheme's custodian.

Important information: This article provides general information only and is not personal financial advice or a recommendation to invest. Before making an investment decision, read the current Product Disclosure Statement (PDS) and Target Market Determination (TMD), available through the Spriggy app or at spriggy.com.au/terms.