DomaCom added to another APL

30-Jun-2015

By Julie May

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DomaCom has been added to the approved product list of Spring Financial Group, the licensee subsidiary of Spring FG.

Spring Financial Group’s approval for the DomaCom platform demonstrated DomaCom’s continued growth strategy and ability to attract some of the best-regarded advice groups in the country, the group said yesterday.

DomaCom chief executive Arthur Naoumidis said the group was delighted to welcome another outstanding group such as Spring Financial Group to the DomaCom family.

“Their expertise in direct property investing is well known, so we are delighted they see the merits of the fractional ownership approach,” Naoumidis said in a statement.

“It is very exciting for us as we now have 32 dealer groups with over 1000 advisers that can support our growth strategy.

“As I have said many times before, the application of our fractional property investing model is almost boundless [and] we look forward to working with Spring Financial Group and its clients immediately.”

The last licensee deal DomaCom announced was Sentinel Private Wealth in February.

Meanwhile, Spring Financial Group managing director Keith Cullen said the DomaCom Fund was an innovative solution that opened property investing to a wide audience of investors who either could not otherwise afford exposure to the market or who preferred not to directly gear into assets.

“Using modern technology taken from the equities market and applied to property, we see huge benefits for a variety of clients,” Cullen said.

“It appeals to both first-time property investors and those with existing direct property portfolios who seek to diversify their exposure across a broad portfolio of assets and markets.”

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