Beacon approves DomaCom Fund
Beacon Financial Group has announced it will add the new DomaCom fractional property Fund to the Beacon approved product list (APL).
According to the announcement, the Domacom fund is an intermediated property investment vehicle targeting independent financial advisers. It will enable investors to choose the properties they want to invest in, that were previously difficult to access because of high costs.
The fund provides direct property exposure and allows investors to spread their asset allocation across multiple properties to achieve the right blend of yield and capital growth for their portfolio along with diversification, the primary risk mitigation strategy, the statement said.
"IFAs such as the Beacon Financial Group are our target market because the fund caters for their business model as well as providing a foil to the property marketers who until now have been picking off investment clients wanting some property exposure," DomaCom chief executive Arthur Naoumidis said.
"These firms are able to adapt quickly to new opportunities, to adopt protective strategies for their clients and in this case for their business, against predatory property spruikers," he said.
DomaCom have launched an accreditation program with CPD points which advisers are required to complete in order to use the fund.
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