subscribe to our newsletter
DomaCom backs efforts to weed out spruikers

DomaCom backs efforts to weed out spruikers

01 July 2014 — 1 minute read

DomaCom has called on advisers to join forces with industry bodies seeking to create a more professional property investment advice sector.

DomaCom head of sales and marketing Warren Gibson is encouraging financial advisers, accountants and mortgage brokers to join the Property Investment Association of Australia (PIAA) or Property Investment Professionals of Australia (PIPA) in an effort to regulate the sector.

“Much has been written about investing in the property market, particularly in relation to the SMSF sector, with concern voiced from many quarters about its appropriateness and the lack of regulation surrounding property,” said Mr Gibson.

“If financial planners, accountants and brokers support these bodies and gain the credentials being offered, they can increase their client reach, extend their revenue potential and bring property into a regulated space.”

Mr Gibson said independent planners, accountants and mortgage brokers have an opportunity to “drive out the spruiker element” and give the sector “a better image”.

“[Also] giving consumers more protection through qualified advice and property recommendations,” he added.

PIAA and PIPA are two industry bodies established to help regulate the advice side and provide education and qualifications along with a code of professional conduct and ethics.

“This will help protect their client base and deliver better outcomes,” said Mr Gibson.

DomaCom backs efforts to weed out spruikers
smsfadviser logo
join the discussion

Do you think the government should reinstate the accountants’ exemption for SMSF advice?


Get the latest news and opinions delivered to your inbox each morning

In this month's issue:

  • Time wrap
  • The tech bull run
  • From hobby to passion
  • Golden Years
  • An untimely reminder
  • Why change is so difficult
  • Key Strategies for equalising super