DomaCom has signed an agreement with DFS Portfolio Solutions, which provides individually managed accounts (IMA) and separately managed accounts (SMA) platforms to both DFS Advisory Services as well as external boutique advisory firms.
DFS intents to invest in direct property by making an initial allocation of around $25 million to the DomaCom fund, with further allocations to follow.
DomaCom chief executive Arthur Naoumidis said the agreement demonstrates that “direct property can be included in an investment portfolio as part of an overall asset allocation strategy by investment model managers”.
“Including property within an asset allocation model is a core element of the DomaCom business model that we see as being a major driver of the growth in the funds under management (FUM) of the DomaCom Fund,” said Mr Naoumidis.
DFS Principal and head of research, Stephen Romic said DFS Portfolio Solutions would initially seek commercial, industrial and retail property to deliver a higher yielding asset class, and is working to identify suitable property advisors to source appropriate real assets for the offering.