Why advisers want more property advice
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.
AUTHOR
Andrew Tsanadis
Recommended for you
GQG Partners has completed the acquisition of the minority interests held by Pacific Current Group in three affiliates which will form its new Private Capital Solutions division.
The wealth management firm has unveiled a new fund in partnership with investment specialist Partners Group, describing the investment solution as an “alternative” to traditional alternatives.
Fidante affiliate NovaPort Capital has announced the closure of its small cap and microcap funds, citing expected declining flows.
T. Rowe Price believes Australian growth is successfully managing to shrug off consumer weakness, but the firm’s multi-asset team is not yet positive enough to increase its underweight position.
