Professional Investment Services (PIS) plans to establish a new, listed business comprised of its top performing financial planning and accounting practices.
The new business will be formed through PIS’ parent company, Professional Investment Holdings, purchasing a 20-25 per cent stake in qualifying practices prior to listing the entity on the Australian Securities Exchange once critical mass is achieved.
The business is expected to be established in the third quarter of this year, with PIS currently searching for a candidate to head the listed venture.
