Trustee Partners approves DomaCom for retail super
Trustee Partners, which offers trustee solutions for clients with superannuation and managed investments, has approved DomaCom Fund as an investment option for their superannuation fund.
Under the terms of a deal, DomaCom would join Trustee Partners’ list of managed funds and would provide access to Australian residential, commercial and farmland property delivering further diversification.
Trustee Partners’ chief executive, Andrew Peterson said the move would enable financial advisers to create their own white labelled retail super offerings which would include direct property using the DomaCom solution and Trustee Partners.
DomaCom’s chief executive, Arthur Naoumidis stressed: “Accessing retail super is another significant first for DomaCom, further broadening our potential in the retail space.
“Most advisers have a significant proportion of their clients in retail super who have not been able to access the DomaCom Fund until now.
“For those interested in investments with impact we can also offer affordable housing, energy and other socially responsible investments.”
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.