A new 100 per cent independent, online-only investment service has been launched in what is being called an Australian first.
Dominic Alafaci, who has been in financial services for 40 years is launching Collins House Online Investment Service that creates and manages investment portfolios based on an investor’s personal situation.
Mr Alafaci said he created the service to fill a gap in the Australian landscape and ultimately help ordinary Australians get onto the property market.
“We’ve all seen what’s been happening with house prices. It’s sad to see the dream of owning a home slipping away. Add to that what’s happening with the banking royal commission and, frankly, customers are sick of conflicted advice and high fees,” he said.
Mr Alafaci said people were seeking the services of independent advisers to trust with their money.
“We’re proud to say that Collins House is one of only a few dozen licensed advisory firms that can legitimately call themselves 100 per cent independent. So you know that whatever advice we give is based on what’s best for your hip pocket, not ours,” he said.
Mr Alafaci also said that the service was low cost for clients and didn’t have any hidden fees.
“There are no kickbacks nor conflicts of interest and we are not tied to any super fund, bank or life insurance company,” he said.
Mr Alafaci said investors could easily sign up and create a strategy based around their lifestyle and priorities.
“It’s just a new and simple way to enter the complex world of investing,” he said.
Eliot Hastie is a journalist at Momentum Media, writing primarily for its wealth and financial services platforms.
Eliot joined the team in 2018 having previously written on Real Estate Business with Momentum Media as well.
Eliot graduated from the University of Westminster, UK with a Bachelor of Arts (Journalism).
You can email him on: [email protected]