InvestSMART Group (ASX:INV) said its total funds under management reached AU$687 million on June 30, up from AU$611 million last year, according to a Monday Australian bourse filing.

Total professionally managed accounts increased to 3,140 accounts, up from 2,671 in the previous year.

The company expects to achieve an operating profit of AU$150,000 for the year ended June 30.

Shares of the company rose 9% in recent Monday trade.