DomaCom partners with major bank

domacom/big-four/banks/partnership/property-investments/Arthur-Naoumidis/

1 February 2019
| By Oksana Patron |
image
image
expand image

Investment platform operator, DomaCom has announced its partnership with one of Australia’s big four banks to launch a six-month pilot for fractional property investment.

The decision followed an earlier three month review process, it said.

Under the terms of the agreement, the bank would use DomaCom’s fractional investing model and, if successful, it could lead to a commercial deployment within the bank.

DomaCom’s chief executive, Arthur Naoumidis, said: “DomaCom has always been an intermediated business and has been seeking a large B2C partner for some time we are looking forward to progressing this pilot with the bank.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 4 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 5 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 3 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND