DomaCom recently completed its first fractional property acquisition transaction for Sydney based advisory group Benwest Investment Services through managedaccounts.com.au, one of Australia’s leading managed account providers.
“We are very pleased to have proven how the fractional property model can work in a managed account structure. managedaccounts.com.au is a mainstream provider and the first to offer real property within a managed account structure within Australia”, said DomaCom CEO, Arthur Naoumidis.
“Ostensibly we will be able to introduce managedaccounts.com.au to the 41 AFSLs who have put the DomaCom Fund on their APL and to a similar number who have DomaCom on their radar to use. Nowhere else can financial advisers access bits of residential, rural or commercial property of their choice either in a managed account or on a traditional platform”, he said.
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