PIS finds ally in Million Dollar Round Table
The Australian Million Dollar Round Table (MDRT) is joining forces with Professional Investment Services (PIS) in a move that should deliver considerable benefits for both parties.
Under the new agreement, MDRT will work closely with PIS to enhance the group’s marketing, practice management and technical proficiency.
PIS advisers are set to profit professionally from MDRT’s global insight, knowledge and resources.
In return, MDRT will reap the benefits of promoting itself to PIS’ adviser group, which consists of more than 1,300 authorised representatives.
PIS has a large network of accountants, financial planners and life insurance brokers, some of whom already qualify for membership of the MDRT.
MDRT is a global association of financial advisers, which was established about 80 years ago.
It aims to support all financial services professionals in their activities, while raising the industry’s standards.
The organisation conducts annual meetings with its members, usually attracting more than 10,000 financial professionals from more than 70 countries.
The meetings provide a forum for members to exchange ideas, network and develop personally and professionally.
They also offer an opportunity for delegates to learn from some of the best financial practitioners from around the world.
Recommended for you
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
Australian investors are more confident than their APAC peers in reaching their financial goals and are targeting annual gains of more than 10 per cent, according to Fidelity International.
Zenith Investment Partners has lost its head of portfolio solutions Steven Tang after 17 years with the firm, the latest in a series of senior exits from the research house.
