At Infinite JV Projects, transparency is a core part of our DNA. So when a few curious partners in our joint venture community recently reached out with concerns about an ASIC-banned Barry Jennings, we listened.
Turns out, there is a Barry Jennings who made headlines for financial misconduct and giving advice without a license… but it’s not our Barry.
The Confusion, Cleared Up
Let’s set the record straight with some facts:
- The Barry Jennings mentioned in this article was born on 21 April 1938, according to the ASIC banned and disqualified register. We took a screenshot to make it easy (below), but you can also search the banned and disqualified register yourself on ASIC.
- That would make him 87 years old today.
- Our Barry is 46, not 87, nor does he have any history with ASIC investigations, misconduct, or licensing issues. He was in fact, approved for an Australian Credit Licence back in 2016 – something that is impossible with a past ASIC ban.
But what would Barry look like at 87?
Since this has come to our attention, our team thought it would be a good idea to have a little fun with it. So we used AI to imagine what our Barry would look like if he were 87.
We’ve posted the image below — On the left is our Barry, on the right is what AI thinks Barry will look like at 87…
(And Barry, if you’re reading this, we’re not sure AI has nailed the resemblance, but we think you’ll age like fine wine!)
Why This Matters
We understand that trust is everything when it comes to joint venture partnerships and investing. That’s why we’re addressing this head-on. We have nothing to hide and a clean track record with our founder and our company.
Do we hold an AFSL, you might ask?
Because our community of partners are owners of the projects that we are the development managers for, we do not need to operate under an AFSL.
In fact, technically, we work for you 🙂
This is something that anyone is able to do, to be co-owners of a company, whether that company is operating a business or doing a property development.
We have just simplified the process, and conduct the development management on behalf of the owners.
This means that we are also unable to give financial advice unique to your situation, so if you’re dealing with the team, we’re only able to state how it works and what projects are available, but we are unable to speak to your unique situation and if it’s a good idea for you or not.
All investments carry risk, and this is a decision you will have to make on your own.
On some projects, we offer a target return. On these projects, investors are not the owners of the project, and we operate under an Australian Financial Services Licence (AFSL) via a Corporate Authorised Representative (CAR) arrangement with Quay Fund Pty Ltd. But for joint venture projects, this is not required. As a result, we raise capital through a separate brand to maintain marketing separation and comply with ASIC guidelines.
If you’re ever unsure or want to do your own due diligence, we welcome it. In fact, we encourage it. Ask us anything. Transparency is a key component of what makes our model effective.