Research house Lonsec has entered into an 'integration agreement' with DomaCom that will see the new property product included on Lonsec's platform.
DomaCom launched its fractional property investment platform earlier this month.
According to a statement from DomaCom, the agreement with Lonsec will see the new product exposed to a broader market of financial advisers and superannuation funds.
Lonsec director Alfons Fiorindo said he has been "impressed" by the level of interest among his clients in the DomaCom offering.
The DomaCom Fund allows investors to select properties of their choice online and then to invest any amount they deem appropriate, according to a statement.
"An intermediated solution, applications will only be accepted via a properly licensed and accredited financial adviser," said DomaCom.
"The accreditation process is in place to ensure advisers are fully conversant with the product and able to communicate the product structure to their clients," said the statement.
"One of the unique aspects of this new property trust is [that] DomaCom will offer a liquidity facility enabling investors to sell their units as opposed to relying on the outdated redemption process which is the current exit process for property trusts and mortgage funds, some of whom have questionable liquidity levels."
SUBSCRIBE TO THE IFA DAILY BULLETIN
17 Jan 2018ASIC accepts license variation from HLB Mann JuddBy Staff Reporter
17 Jan 2018ANZ Wealth commences AI underwriting projectBy Staff Reporter
16 Jan 2018Reform of SMSF expat restrictions called forBy Staff Reporter
16 Jan 2018Adviser exodus an ‘avoidable scenario’By Killian Plastow
16 Jan 2018IOOF poaches Aus Unity advice execBy Staff Reporter
16 Jan 2018Breakaway Finance Group AFSL cancelled under EU with ASICBy Staff Reporter
- view all