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
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.