Flagship Investments

What Flagship Investments does

Flagship Investments Limited (ASX: FSI) is an Australian Listed Investment Company that provides investors with access to a quality portfolio of Australian growth companies. The vehicle was established in April 1998 and listed on the ASX in December 2000 (originally as Wilson Investments Taurine Fund Limited, ticker WIT), adopting the FSI ticker in October 2012 when EC Pohl & Co Pty Ltd assumed portfolio management.

The core product is a single concentrated portfolio of ASX-listed equities managed under a management services agreement with EC Pohl & Co (AFSL no. 421704), which screens for businesses with sales growth above GDP, ROE ≥15%, and interest cover ≥4x. The company targets a minimum of 20 holdings with market values of at least A$10m each and aims to keep at least 90% of available funds in equities, with the balance in cash. Supporting product features include a Dividend Reinvestment Plan, no entry/exit fees, and access to LIC tax advantages and fully franked dividends.

The business model is a pure performance-based fee structure: EC Pohl & Co receives 15% of the amount by which FSI's net pre-tax performance exceeds the Bloomberg Bank Bill Index for the year, with no fixed management fee and no fee payable in underperformance years. Distribution is via the ASX to retail investors and SMSFs; capital has been supplemented by a Convertible Notes program launched in 2021. The company is headquartered in Bundall, Queensland, with a small team (1–10 employees) and assets of $100m+ as disclosed on its website. Governance is supported by RIAA Responsible Investment Certification and alignment with the Principles for Responsible Investment.

Name

Flagship Investments

Legal name

Flagship Investments Limited

Website

https://flagshipinvestments.com.au

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

1–10 employees

Short description

Flagship Investments Limited (ASX: FSI) is an Australian Listed Investment Company providing retail and SMSF investors access to a diversified portfolio of ASX-listed growth companies, managed by EC Pohl & Co on a performance-fee-only basis.

Ownership category

akta.pro rank

Product category

Listed Investment Company

NAICS

Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282)

akta.pro primary industry

Large-Cap Equity (Active) (FSAAAIAA)

Keywords

• Listed investment company
• Australian growth equities
• Investment portfolio management
• Dividend reinvestment plan
• Performance based fees

Headquarters

HQ city

Boondall

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Performance-Based Investment Management Fees: EC Pohl & Co receives a fee that is performance based and payable yearly in arrears. The performance fee is 15% of the amount by which FSI's net performance before tax exceeds the interest rate payable on bank bills as represented by the Bloomberg Bank Bill Index for the financial year. If FSI's net performance is less than the Bloomberg Bank Bill Index, no performance fee is payable. No fixed management fee is charged.

Distribution channels2 records

Marketing channels4 records

Core offering

Flagship Investments Limited (ASX: FSI) is a Listed Investment Company that gives investors access to a portfolio of Australian growth companies selected by investment manager EC Pohl & Co. The company holds at least 90% of available funds in equities at all times and offers a Dividend Reinvestment Plan to compound shareholder returns. The investment manager is remunerated solely on performance, with no fixed management fee.

Product overview

Flagship Investments is a single-product Listed Investment Company (LIC) that offers investors access to an expertly crafted quality portfolio of Australian growth companies. The core offering is the investment portfolio managed by EC Pohl & Co Pty Ltd (Australian Financial Services Licence no. 421704), with no fixed management fees—the manager is only remunerated on outperformance. The company also offers a Dividend Reinvestment Plan (DRP) allowing shareholders to compound their returns. The portfolio is constructed from the perspective of a business owner, focusing on companies with sustainable competitive advantages, and targets a minimum of 20 different companies with market values of at least $10 million each.

Differentiator

Problem solved

Functional benefit

Products and services

• Flagship Investments Portfolio An ASX-traded investment portfolio of Australian growth companies managed by EC Pohl & Co, with at least 90% exposure to equities at a minimum of 20 companies. Targets businesses with sustainable competitive advantages, return on equity at least 15%, and interest cover at least 4x. Best suited to investors with a medium to long-term horizon.
• Dividend Reinvestment Plan (DRP) Plan that allows existing Flagship Investments shareholders to reinvest their dividends in additional FSI shares, providing an efficient way to compound returns over the long term.

Quantifiable outcome

• Since inception, FSI has delivered solid performance in terms of capital return and dividends for investors

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• EC Pohl & Co Pty LtdcoreTechnology or Integration · 1 October 2012EC Pohl & Co provides investment management services to Flagship Investments under a management service agreement. They are paid only on performance basis (15% of outperformance over Bloomberg Bank Bill Index). EC Pohl & Co dictates the composition of FSI's portfolio while the Board monitors performance. EC Pohl & Co holds AFSL No. 421704.
• ECP Asset ManagementcoreStrategic or Co-development PartnerECP Asset Management is part of the EC Pohl & Co group of companies. They manage the investment strategy and FSI is described as the retail product offering of the EC Pohl & Co Australian Broad Cap investment strategy. The group has indicated intent to retain at least 30% interest in FSI.
• Global Masters LimitedminorStrategic or Co-development PartnerAssociated company within the EC Pohl & Co group of companies, part of the overall distribution strategy.
• Principles for Responsible Investment (PRI)coreOthersFlagship supports the Principles for Responsible Investment Initiative (PRI), demonstrating commitment to responsible investment practices and ESG integration.
• Responsible Investment Association Australasia (RIAA)coreOthersFlagship Investments is RIAA certified. The RI Certification Symbol signifies that FSI offers an investment style that takes into account environmental, social, governance or ethical considerations, and adheres to strict operational and disclosure practices required under the Responsible Investment Certification Program.

Scale indicators3 records

Recent moves9 records

Expansion highlights4 records

Direct peers

• Milton Corporation: Milton is an ASX-listed investment company with a diversified portfolio of Australian equities and a long-term holding approach. Directly comparable to FSI as a fellow LIC with similar investor base and dividend reinvestment features.
• WAM Capital: WAM Capital is an ASX-listed investment company from the same Wilson Asset Management group as WAM Leaders. Comparable to FSI as an LIC, though with a smaller-cap orientation.
• BKI Investment Company: BKI is an ASX-listed investment company focused on long-term investment in Australian equities with an emphasis on fully franked dividends. Closely comparable to FSI's quality-growth, dividend-oriented LIC proposition.
• Argo Investments: Argo is a long-established ASX-listed investment company holding a diversified portfolio of Australian listed equities. Comparable to FSI in LIC structure, dividend focus, and Australian-only large-cap equity mandate.
• WAM Leaders (WLE): WAM Leaders is an ASX-listed investment company managed by Wilson Asset Management with exposure to Australian large-cap equities. Comparable to FSI as a fellow LIC with active management and dividend focus.
• Perpetual Equity Investment Company (PIC): PIC is an ASX-listed investment company managed by Perpetual, investing in Australian equities with an active, value-oriented approach. Comparable to FSI in LIC structure and Australian equity mandate.
• Australian Foundation Investment Company (AFI): AFI is one of Australia's largest ASX-listed investment companies (LIC), investing primarily in Australian equities with a long-term, dividend-focused mandate. Directly comparable to FSI in structure, listed-fund status, and Australian large-cap equity exposure.
• Diversified United Investment (DUI): DUI is an ASX-listed investment company with a diversified Australian equity portfolio managed with a long-term horizon. Comparable to FSI in LIC structure and Australian large-cap focus.

Broad incumbents

• Magellan Global Fund: Magellan Global Fund is an ASX-listed managed fund/LIC structure focused on global equities. Comparable to FSI as an ASX-traded listed investment vehicle but with international rather than Australian equity exposure, useful as a comparable for the listed-fund structure and fee model.
• Platinum Capital: Platinum Capital is an ASX-listed investment company managed by Platinum Asset Management, investing primarily in international equities. Comparable to FSI in LIC structure but provides geographic contrast to FSI's Australian-only mandate.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@flagshipinvestments
• Facebookfacebook.com/flagshipinvestmentslimited
• LinkedInlinkedin.com/company/flagship-investments-limited-fsi

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Flagship Investments