Equiti launches new ownership structure
Equiti Funds Management has launched a new ownership structure that will see financial planners hold a share in its property funds management business.
Following the launch of its Equiti Diversified Property Fund last month, Equiti will “peel off” 10 per cent of its funds management business, according to Equiti executive director Darren Wise.
In return for the equity, planners will not be required to contribute funds. Instead, they will be asked to support the issue of Equiti’s wholesale units into the market, Wise said.
He believes the offer will suit boutique licensees looking to diversify their business with a product ownership.
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