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Home News

DomaCom buoyant after first move in new venture

DomaCom is bullish following its first fractional property acquisition transaction for one Sydney-based advisory group via an Aussie-managed account provider.

by Reporter
March 7, 2017
in News
Reading Time: 1 min read
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DomaCom recently completed its first fractional property acquisition transaction for Benwest Investment Services through the managedaccounts.com.au.

“We are very pleased to have proven how the fractional property model can work in a managed account structure,” said DomaCom chief executive Arthur Naoumidis.

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David Heather, managedaccounts.com.au chief executive, said he is pleased with how the business model is progressing for clients.

“Enabling DomaCom’s capability within our offer has satisfied increased demand for the inclusion of direct property exposure from a number of our advisory firm clients, particularly those working with SMSFs,” he said.

 

 

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SMSF Adviser is the authoritative source of news, opinions and market intelligence for Australia’s SMSF sector. The SMSF sector now represents more than one million members and approximately one third of Australia's superannuation savings. Over the past five years the number of SMSF members has increased by close to 30 per cent, highlighting the opportunity for engaged, informed and driven professionals to build successful SMSF advice business.

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