DomaCom has announced non-aligned dealer group GPS Wealth is the latest financial planning licensee to approve its recently launched property fund.
DomaCom chief executive Arthur Naoumidis explained its model is an intermediated solution that enables investors to choose the properties they want to invest in.“We expect financial advisers will, independently or with the help of licensed property people, create private book builds for as many of their clients [who] want or need a property component” said Mr Naoumidis.Mr Naoumidis indicated GPS Wealth has grasped the client and accountant engagement potential to drive its growth. GPS Wealth now has over 70 authorised representatives in 44 practices which brings the number of advisers using the DomaCom Fund on their APL to 400.
Magellan wrapped up a tumultuous year with a 9 per cent drop in average funds under management.
With more still to come.
The CEO of a privately owned advice network has urged executives to focus on how they have helped their advice network when entering the 2022 ifa Exce...
Get the latest news! Subscribe to the ifa bulletin
Get notifications in real time and stay up to date with content that matters to you.