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.
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.
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.