Bigger is better for PIS
Robbie Bennetts
Professional Investment Services (PIS) has revealed that university graduates and accounting practices are key components of the dealer group’s growth strategy for the year ahead.
PIS, which already boasts the most financial advisers in Australia, plans to leverage off its alliances with accounting practices to build upon income streams as well as utilise the relationships it has developed with a number of universities.
PIS chief executive Robbie Bennetts said past experience of working closely with accounting practices and universities had paid handsome dividends.
“Having developed relationships with 18 national universities in order to offer graduate opportunities within our network of advisers and accountants, and developed our own intensive course, we want our advisers to make sure they fully utilise these services,” he said.
“With each graduate having the potential to earn over $60,000 in their first year, we want to promote advantages to both parties.
“Added to that is the potential for developing succession planning strategies within a practice.”
Recommended for you
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.
