Robbie Bennetts
Professional Investment Services’(PIS) Canadian operation, PIS Canada, is forecast to double its business by the end of the year.
PIS Canada, which was formed through PIS’ acquisition of Alberta-based Generation Financial Corporation last November, currently has 107 financial advisers spread over five provinces with more than $1 billion in funds under administration.
PIS chief executive Robbie Bennetts said the dealer group was looking to integrate its Australian business model in Canada and offer advisers the opportunity to become equity partners in the group.
“We want to grow our referral base in Canada which, given the attitude and the enthusiasm, won’t be difficult,” he said.
“This system has been successfully used to grow our Australian referral base by offering incentives to our advisers to grow both the quantity and quality of their referrals.”
Bennetts said many Canadian advisers had already shown interest in the equity offer.
