MEDIA RELEASE - Melbourne, 27th August 2020
COLLINS HOUSE ONLINE LAUNCHES NEW INVESTMENT SERVICE
Collins House Online Investment Services Pty Ltd (Collins House Online) a well-known Melbourne Online Advisory Firm established recently by Dominic Alafaci, has launched a New General Advice Online Investment Service, that provides access to Professionally Managed Diversified Portfolios, with an initial deposit of as little as $5,000.
Collins House Online Managing Director, Dominic Alafaci, an experienced and popular contributor on Melbourne's 3AW for over 20 years, said: "The New Collins House Online Service is for people seeking Professionally Managed Diversified Investment Portfolios, which benefit from lower costs delivered by the digital revolution."
"Unfortunately, the traditional personal financial advice relationship comes with a cost that may price it out of the market for many. The benefit of the New Collins House Online Investment Service is that the technology does much of the work, meaning we can Professionally Manage Diversified Investment Portfolios, at low cost", Mr Alafaci said.
"Investors in the New Collins House Online Service obtain their own Professionally Managed Diversified Investment Portfolio, together with regular updates and other meaningful content from the Collins House team, delivered to them via their Collins House Online app", Mr Alafaci added.
When questioned on returns Mr Alafaci said: "Net returns across the 5 Collins House Private Wealth Model Portfolios, 4 of which are being replicated in the new Collins House Online service, have been very positive, as illustrated in the chart below, which show Returns net of fees to the 1, 2 and 3 years periods to 31st July 2020":
| 1y |
3y |
5y |
|
Model Portfolio #1 |
0.59% |
3.23% |
2.74% |
Model Portfolio #2 |
2.98% |
5.34% |
4.15% |
Model Portfolio #3 |
6.11% |
7.13% |
5.14% |
Model Portfolio #4 |
9.66% |
9.63% |
6.53% |
Model Portfolio #5 |
10.98% |
10.94% |
7.12% |
IMPORTANT NOTE: Past performance is not a reliable indicator of future performance, and the above information is of a general nature only and should not be considered as personal financial advice that takes into account your individual objectives, needs or circumstances
Collins House Online has partnered with leading Australian fintech, OpenInvest, to underpin its New Online Investment Service. OpenInvest has developed fully online managed portfolio technology, providing an online application process and engaging portfolio reporting functionality. OpenInvest CEO Andrew Varlamos said "We are proud to be partnering with Collins House Online to enable them to offer the New Collins House Online Investment Service. Australian investors are looking for trusted and professional assistance in managing their portfolios, and it's extremely rewarding to be able to assist Collins House Online deliver retail investors with a high quality General Advice offering", he said.
About Collins House Online
Collins House Online provides information to help you choose the Model Portfolio that suits your needs, in an easy to understand format, however you should read the Product Disclosure Document and Financial Services Guide available at www.collinshouseonline.com, before you invest.
About OpenInvest
OpenInvest is a Melbourne-based fintech platform that enables its partners to provide engaging, content-rich online managed portfolios to their clients. Through OpenInvest's technology, investors of all sizes are able to obtain professional assistance in a low-cost, digital environment.
