Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter

Independent planners green light DomaCom product

Reporter
13 February 2014 — 1 minute read

The Association of Independently Owned Financial Professionals has approved DomaCom’s fractional property investment fund for inclusion on the Filtered Research list due to its suitability for SMSF advisers.

In a statement issued earlier this week, DomaCom chief executive Arthur Naoumidis said the industry association’s decision to include the new fund reflects its “progressive” nature.

“The AIOFP [is] the first industry body to approve the new DomaCom fractional property investing fund,” said Mr Naoumidis. “They are a progressive group who have seen early on the benefits that the fractional model delivers investors.”

Advertisement
Advertisement

AIOFP executive director Peter Johnston said the association’s Filtered Research Committee (FRC) approved the fund due to its suitability for advisers working with SMSF investors.

“The FRC feels comfortable with the DomaCom process and recognises the truly unique characteristics of the offering,” he said.

“With the popularity of direct property in the SMSF market, we feel DomaCom offers an ideal way to still operate within ASIC’s jurisdiction whilst getting a spread of geographical risk.”

Independent planners green light DomaCom product
default
smsfadviser logo
join the discussion

Latest poll

What is the best solution to improve access to SMSF advice?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.