Meitav Investment House

Meitav Investment House Ltd. is an Israeli, publicly listed financial-services group whose businesses include investment-fund management, pension and provident savings, discretionary portfolio management, securities trading and non-bank financing. Operating since 1979, it serves individual and institutional clients through several business lines. Its shares trade on the Tel Aviv Stock Exchange. ^[1][2]

Corporate profile

Meitav describes itself as an investment-management company operating since 1979. Its investor-relations materials identify Eli Barkat, through BRM Financial Group, and Avner Stepak as its controlling shareholders, and Ilan Raviv as chief executive. The company reports approximately 1,000 employees. These descriptions concern the listed group; particular funds, accounts and financial services are operated or managed through businesses within that group. ^[1][3][4]

The Tel Aviv Stock Exchange classifies Meitav in its financial-services sector and describes its activities as managing securities portfolios, exchange-traded funds, mutual funds, provident funds, study funds and pension funds. Its ordinary shares trade under the symbol MTAV. This distinguishes the publicly traded investment house from any individual fund it manages: a shareholder owns a security issued by the company, whereas a saver or fund investor has an interest in the relevant savings product or investment fund. ^[2][3][4]

Meitav reported approximately NIS 463 billion in assets under management on behalf of more than one million clients as of June 30, 2026. Assets under management describe the scale of assets the group manages for clients; they should not be read as the company’s own balance-sheet assets or revenue. The figure is dated because both the value of managed investments and the amount entrusted to the group can change. ^[1]

Pension and provident savings

A substantial part of Meitav’s product range concerns Israeli long-term and medium-term savings. Its offerings include pension funds, provident funds, provident funds for investment and study funds for employees and self-employed people. These products have different purposes and withdrawal arrangements. Meitav describes a conventional provident fund as a medium- to long-term vehicle in which members’ money is invested through selectable investment tracks, with benefits generally intended for retirement or for withdrawal in specified circumstances. ^[3][4][5]

Meitav also offers a provident fund for investment, which it presents as a more liquid savings product with a choice of managed tracks. The existence of both types matters: the similarly named products do not have identical withdrawal arrangements. A study fund, by contrast, is described by Meitav as a medium-term savings channel available to salaried and self-employed savers. Product rules, including tax treatment and eligibility, depend on the type of account and the saver’s circumstances rather than simply on the identity of the investment house managing it. ^[5][6][7]

The group’s selected pension fund serves both salaried employees and self-employed people. Meitav states that its fund was selected in a September 2021 tender administered by the Capital Market, Insurance and Savings Authority. Meitav’s account of the tender distinguishes the newer term *selected pension fund* from the earlier term *default pension fund*. The company says members enrolled under the tender retain the management-fee terms established at enrollment for at least ten years. These are features of the specified pension arrangement, not terms that can be assumed to apply across all Meitav products. ^[8]

The Capital Market, Insurance and Savings Authority oversees Israel’s pension and provident-fund markets. Its remit is therefore relevant to the institutional savings products offered within Meitav’s group. Meitav identifies Meitav Pension and Provident Fund Ltd. as the managing company for its selected pension fund. The regulator’s supervisory role and the managing company’s operational role are distinct from the listed parent company’s status as an issuer of shares. ^[8][9]

Mutual funds and exchange-traded products

Meitav operates a mutual-funds business alongside its pension and provident activities. Its published fund descriptions distinguish actively managed funds from passive products that seek to follow an index. They describe an open tracking fund as a mutual fund seeking results close to the movement of a specified index, while an exchange-traded fund is a tracking fund traded on an exchange. Following an index is an investment objective, not a guarantee that a fund will exactly reproduce its return. ^[10][11]

The company describes fund categories spanning Israeli and overseas equities, bonds and mixed portfolios. These categories can differ in the securities they hold and the risks borne by investors. Meitav’s mutual-fund activity also sits within a different supervisory framework from its pension activity: the Israel Securities Authority says it regulates and supervises Israel’s mutual-funds sector and monitors corporate reporting. The presence of multiple regulators reflects the group’s different products and legal entities, rather than a single rulebook for every account carrying the Meitav name. ^[10][12][13]

Portfolio management and brokerage

Meitav offers discretionary portfolio management in addition to pooled funds. Under the arrangement described on its website, a client places the money to be invested in a bank account in the client’s name and gives the portfolio manager authority to execute purchases and sales. The company describes portfolios that may hold shares, bonds, mutual funds and ETFs. This arrangement differs from buying units in a pooled fund: the managed portfolio is associated with the individual client’s account, while fund investors hold interests in a collective product. ^[14]

The group also offers self-directed trading through Meitav Trade. Meitav identifies that business as a member of the Tel Aviv Stock Exchange and says it provides trading access to securities markets in Israel and abroad. In this service, the client makes trading decisions rather than delegating day-to-day portfolio selection to a discretionary manager. Separately, Meitav describes brokerage services for institutional clients, including investment houses, insurance companies, pension and provident funds, mutual funds and foreign investors. Its stated brokerage coverage includes shares, bonds, options and ETFs. ^[15][16]

These activities illustrate several ways an investment house can participate in the securities market: as a manager of pooled assets, a manager of an individual portfolio, an intermediary executing client transactions, and a listed issuer whose own shares trade on an exchange. The roles are related but should not be conflated when considering which entity makes an investment decision, which product a client holds or which service a client receives. ^{[2][10][14][15][16]}

Financing and financial reporting

Asset management is not the group’s only activity. Meitav Financing describes itself as the group’s credit arm and says it provides non-bank credit and related financial services to private clients, real-estate entrepreneurs and real-estate purchasing groups. Lending exposes a business to different operational and credit considerations from managing client investments. It is therefore useful to distinguish the group’s financing operations from the pension, fund-management and brokerage businesses when reading descriptions of Meitav as an investment house. ^[17]

As a listed company, Meitav publishes consolidated financial statements and investor presentations. Its investor-relations archive lists quarterly statements, including reports for 2025 and the first two quarters of 2026. Consolidated group reporting is a source for assessing the company as an issuer, while a particular pension fund, mutual fund or trading account has its own product-level characteristics. Neither a group-wide assets-under-management figure nor the market price of Meitav’s shares describes the return earned by an individual saver. ^[1][2][18]

Meitav consequently occupies several positions in Israel’s financial system. It manages collective savings and investment products, supplies portfolio-management and trading services, extends non-bank credit and raises capital through a publicly traded company. The Capital Market, Insurance and Savings Authority and the Israel Securities Authority have relevant, differing responsibilities across those activities. Understanding which Meitav business and which financial product are involved is central to interpreting its disclosures. ^{[2][9][12][17]}