Why advisers want more property advice

investment-advice/financial-services-licence/property/financial-advisers/financial-adviser/real-estate/cash-flow/director/

3 August 2011
| By Andrew Tsanadis |

With more and more investors wanting access to property investment advice, the expertise required is often beyond the scope of most financial advisers.

Melbourne-based real estate agency Next Level Property (NLP) is providing such a partnership service to advisers in locating, purchasing and managing investment properties.

Joint director Andrew Oscari from NLP says they look closely at not only the criteria set by the financial adviser but that of the investor as well.

“We undertake the full property purchase from selection to an investment cash flow forecast to sourcing appropriate finance if that is required,” Oscari says.

“Next Level Property also continues to manage the property and tenancy on behalf of the investor.”

Oscari also says that NLP assumes responsibility for liability for property advice, ensuring there is no risk to the adviser’s financial services licence or professional indemnity cover.

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