Analyst IMS Investment Management Services

What Analyst IMS Investment Management Services does

Analyst IMS Investment Management Services Ltd. (TASE: ANLT) is one of Israel's oldest publicly-listed investment houses, founded in 1985 by Ehud Shiloni and Shmuel Lev, and operating continuously for over 40 years. The group manages approximately 113 billion ILS in assets under management across investment portfolios, mutual funds, and provident funds (with ~91 billion ILS in provident funds alone), serving hundreds of thousands of retail and institutional clients in Israel. Operations are conducted through four wholly-owned subsidiaries: Analyst Portfolio Management Ltd. (customized portfolios for HNW and institutional clients from 500,000 ILS), Analyst IMS Mutual Fund Management (1986) Ltd. (mutual funds and ETFs), Analyst Provident Funds Ltd. (provident, training, compensation, and investment-linked provident funds), and Netz Financial Planning (2021) Ltd. (pension insurance agency). The firm is a participant in the state-mandated 'Savings for Every Child' program alongside the Israeli National Insurance Institute.

The group's product suite spans the full Israeli long-term savings and investment universe: provident funds and training funds for tax-advantaged retirement savings; mutual funds including index-tracking and actively managed strategies, hedge funds, money market, and ETFs; customized investment portfolio management with dedicated manager relationships; the 2016-launched Investment Provident Fund (Kupat Gemel LeHashka'a) for flexible accessible savings; the Savings for Every Child program; central severance compensation funds; and Amendment 190 tax-optimization products. Recent launches in April–June 2026 include 0%-fee TA-125 and TA-200 ETFs, ultra-low-fee bond ETFs, a kosher shekel money market fund, and a real estate/energy infrastructure index fund, indicating an active shift into passive and thematic index strategies.

The business model is asset-gathering with subscription/recurring management fee revenue across all product types. Distribution is multi-channel: direct sales for portfolios, digital self-service onboarding for provident and training funds, employer and insurance agent desks (Netz) for pension products, and bank custody/exchange members for mutual funds. The investment process is supported by an in-house research department of approximately 20 investment managers and analysts, with ESG scoring provided by an external advisor. The company is regulated by the Israeli Capital Market Authority (Rika), holds Israeli subsidiary licenses for fund management and insurance distribution, and is SEC-registered as a foreign investment adviser for US-resident clients. Headquartered at Migdal Alrov Tower, 46 Rothschild Blvd, Tel Aviv.

Name

Analyst IMS Investment Management Services

Legal name

Analyst IMS Investment Management Services Ltd. (אנליסט אי.אם.אס שירותי ניהול השקעות בע"מ)

Website

https://analyst.co.il

Company type

Public

Founded year

1985

Operating status

Operating

Headcount range

101–250 employees

Short description

Analyst IMS Investment Management Services (TASE: ANLT) is an Israeli investment house founded in 1985 managing ~113 billion ILS across provident funds, mutual funds, ETFs, and customized portfolios for hundreds of thousands of retail, HNW, and institutional clients in Israel.

Ownership category

akta.pro rank

Product category

Investment Management Services

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910), Open-End Investment Funds (52591)

SIC

Investment Advice (6282), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Investment Management Advisory (RIA) (FSAEAAAB)

akta.pro secondary industries

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD), Insurance-Integrated Wealth Managers (RIA + Insurance Solutions) (FSAAACAI), Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

Keywords

• Investment management services
• Asset management
• Provident funds
• Mutual funds
• Portfolio management

Headquarters

HQ city

Tel Aviv

HQ country

Israel

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Provident Fund Management Fees: Management fees charged on provident fund (capital-markets pension) assets under management. Asset class covers savings, compensation, and training provident funds with approximately 91 billion ILS in assets.
2. Training Fund Management Fees: Fees from managing training fund (karen hishulmuy) investment tracks for employees and self-employed. Fees vary by track with caps per regulations.
3. Portfolio Management Fees: Fees for managing investment portfolios for private and institutional clients. Minimum portfolio size 500,000 ILS. Accounts managed at banks with Analyst holding power of attorney.
4. Mutual Fund Management Fees: Fees from managing mutual funds (tracking and actively managed) since 1987. Includes money market, tracking, active, and hedge fund products.
5. Insurance Agency / Pension Marketing: Revenue from Netz insurance agency (2021) for pension and financial planning sales. Acts as insurance agent under regulatory license.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Analyst IMS Investment Management Services is an Israeli investment house that manages assets across provident funds, training funds, mutual funds, ETFs, and personalized investment portfolios for institutional and private clients. The firm operates through four wholly-owned subsidiaries covering all major Israeli retirement and investment products, services hundreds of thousands of customers, and had over 113 billion ILS in AUM across its group. It also distributes pension and financial planning products through its Netz insurance agency subsidiary.

Product overview

Analyst IMS Investment Management Services is an Israeli investment management company offering a comprehensive suite of financial products and services. The company operates as a multi-product platform managing approximately 113 billion ILS in assets through several integrated divisions: (1) קופות גמל (Provident Funds) for long-term pension savings with tax benefits, (2) קרנות השתלמות (Training Funds) for medium-term investment with 6-year liquidity, (3) קרנות נאמנות (Mutual Funds) including index-tracking and actively managed funds, (4) ניהול תיקי השקעות (Investment Portfolio Management) for customized portfolios starting at 500,000 ILS, (5) קופת גמל להשקעה (Investment Provident Fund) for flexible accessible savings, (6) חיסכון לכל ילד (Savings for Every Child) state program, and (7) תיקון 190 (Amendment 190) for retirement tax optimization. Recent launches include new ETF products (ATF סל ת"א 125/200) with 0% fees and bond funds (תל בונד series) launched in 2026.

Differentiator

Problem solved

Functional benefit

Brands

• Netz (נץ): Pension insurance agency specializing in comprehensive pension and financial planning services, established in 2021 as a wholly-owned subsidiary of Analyst

Products and services

• Provident Funds (קופות גמל) Long-term savings vehicles for employees and self-employed individuals, providing pension provisions with tax benefits. Includes provident funds for savings, severance pay, and training. Approximately 91 billion ILS in assets under management.
• Training Funds (קרנות השתלמות) Medium-term investment funds for employees and self-employed, with funds becoming accessible after 6 years (or 3 years for certified training/retirement). Offer tax benefits on contributions and capital gains exemption on withdrawals up to regulator-defined limits.
• Mutual Funds (קרנות נאמנות) Professionally managed investment funds offering diversification, professional management, and personal service. Include index-tracking funds, actively managed funds, hedge funds, money market funds, and ETFs. Managed since 1987.
• Investment Portfolio Management (ניהול תיקי השקעות) Customized investment management for private and institutional clients with varying risk levels. Managed by professional investment managers with a research department supporting all activities. Minimum portfolio size 500,000 ILS.
• Investment Provident Fund (קופת גמל להשקעה) Flexible savings vehicle for any purpose with annual contribution limits (83,641 ILS for 2026). Funds accessible at any time with capital gains tax applied upon withdrawal.
• Savings for Every Child (חיסכון לכל ילד) Government-mandated savings program where National Insurance Institute deposits 58 ILS monthly for each eligible child until age 18, and parents can double contributions from child benefits.
• Central Compensation Fund (קופה מרכזית לפיצויים) Provident fund where the employer is the member, used for severance pay savings for employees. No new accounts can be opened since 2011, but transfers between providers are allowed.
• Amendment 190 (תיקון 190) Tax amendment enabling flexible savings from age 60 with reduced capital gains tax (up to 15% on nominal profits) or tax exemption for those receiving minimum pension, allowing lump-sum withdrawals or pension conversion.
• ATF Sel (4A) TA-125 Index ETF (ATF סל (4A) ת"א 125) Index-tracking ETF following the TA-125 index with 0% management fees.
• ATF Sel (4A) TA-200 Index ETF (ATF סל (4A) ת"א 200) Index-tracking ETF following the TA-200 index with 0% management fees.
• Analyst (00) Kosher Shekel Money Market Fund (אנליסט (00) כספית שקלית כשרה) New kosher shekel money market fund (Security number 5142906) with 0.04% management fees.
• ATF Mimic (4A) Real Estate and Energy Project Companies Index Fund (ATF מחקה (4A) אינדקס חברות פרויקטים מניבים) Real estate and energy project companies index fund (Security number 5142633) with 0.45% management fees.
• ATF Mimic (00) Tel Bond Series (A, AA Diversified, 60 Shekel) Three new trackable bond funds (Tel Bond A Diversified, Tel Bond AA Diversified, Tel Bond 60 Shekel) with 0.1% management fees each.
• Netz Insurance Agency (Pension and Financial Planning) Comprehensive pension and financial planning agency services for insurance and pension clients, working with leading Israeli insurance companies and investment houses. Established in 2021 as a wholly-owned subsidiary.

Quantifiable outcome

• AUM of 113+ billion ILS across all divisions
• +2 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered minor and core.

• UpNextminorOthersUpNext provides website development services to Analyst, as indicated by the website credit 'UpNext' appearing in the footer. This is a vendor relationship for web development services.
• Israeli National Insurance Institute (Bituach Leumi)coreStrategic or Co-development PartnerAnalyst participates in the government-mandated 'Savings for Every Child' program where the National Insurance Institute deposits 58 ILS/month per eligible child into accounts managed by Analyst. This is a core program partnership.

Scale indicators7 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Psagot Investment House: Israeli investment house managing mutual funds, provident funds, and ETFs with a comparable multi-channel distribution approach. Direct competitor in the Israeli retail and institutional investment management space.
• IBI Investment House: Israeli investment house managing mutual funds, provident funds, and segregated portfolios for institutional and private clients. Comparable asset-light advisory model and customer segments to Analyst.
• Altshuler Shaham Investment House: Israeli investment house offering mutual funds, provident funds, training funds, and portfolio management with strong brand recognition. Direct competitor for the same Israeli retail and institutional clients as Analyst.
• Meitav Dash Investment House: One of Israel's largest investment houses, offering mutual funds, provident funds, portfolio management, and pension products. Most directly comparable to Analyst given similar multi-product Israeli investment management model and TASE listing.
• Excellence Investment House: Israeli investment management firm offering mutual funds, ETFs, provident funds, and portfolio management services. Comparable product breadth and target customer base to Analyst in the Israeli market.

Broad incumbents

• Clal Insurance Enterprises Holdings: Israeli insurance and financial group managing provident funds, mutual funds, and pension products. Comparable product mix but operates as a broader insurance conglomerate rather than a specialized investment house.
• Harel Insurance Investments and Financial Services: Large Israeli insurance and financial services group with significant provident fund, mutual fund, and pension operations. Comparable in pension/savings product set but operates as a broader insurance conglomerate rather than a pure-play investment house.
• Menora Mivtachim Insurance: Israeli insurance and financial group offering provident funds, mutual funds, and pension products through subsidiaries. Comparable in product overlap with Analyst but operates as a broader insurance/financial conglomerate.
• Migdal Insurance and Financial Holdings: One of Israel's largest insurance and pension groups with material mutual fund and provident fund businesses. Comparable investment management offerings but part of a much larger insurance-led holding company structure.

Emerging players

• More Investment House (now part of Altshuler Shaham group): Smaller Israeli investment house offering mutual funds and investment tracks, now part of the Altshuler Shaham group. Comparable product set but smaller scale and more limited institutional presence than Analyst.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCxmQAk5p92w_2kCtZ9I-orA
• Facebookfacebook.com/p/%D7%90%D7%A0%D7%9C%D7%99%D7%A1%D7%A8-100063462343751
• LinkedInlinkedin.com/company/analyst-ims-investment-management-services-ltd-anlt-
• Instagrambit.ly/4hdi1p4
• TikTokbit.ly/41EDbIi

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries4 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 Analyst IMS Investment Management Services