Time to drive the ‘spruikers’ out of investment property: DomaCom
Regulation of the investment property sector will help financial planners to push spruikers out of the area and provide clients with more protection, DomaCom believes.
DomaCom head of sales and marketing, Warren Gibson, called on planners, accountants and mortgage brokers to get behind the drive to regulate the sector by joining the Property Investment Association of Australia (PIAA) or Property Investment Professionals of Australia (PIPA).
Gibson said regulation of the sector would enable planners with qualifications from bodies such as the PIAA and PIPA to attract new clients and to provide quality advice to customers, while driving out "the spruiker element".
"If financial planners, accountants and brokers support these bodies and gain the credentials being offered they can increase their client reach extend their revenue potential and bring property into a regulated space," he said.
"This will help protect their client base and deliver better outcomes."
Gibson said that regulation would improve the image of the property investment sector at a time when concerns were being raised about the appropriateness of self-managed superannuation funds (SMSFs) investing in property.
Recommended for you
The funds management space has seen a multitude of senior people moves throughout 2024, including several CEO appointments and exits.
Money Management looks back at the significant ETF launches of the year, with new offerings from providers like BlackRock, Global X, Betashares and Macquarie, among others.
Grant Hackett has been promoted from CEO of Generation Life to head up the wider Generation Development Group.
Tribeca Investment Partners has made a distribution hire from Australian Ethical in a newly-created role focused on the national intermediary market.
