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Showing 31 - 40 of 132 results for "Professional Investment Services"

PIS could face class action over "inadequate" advice

LAURA MILLAN  |  THURSDAY, 29 AUG 2013
Slater & Gordon are considering a class action against Professional Investment Services (PIS) after retail investors face losses from the collapse of a Queensland olive farm investment scheme. Over 350 Australians had ploughed approximately $25 million ...

AAP hits adviser milestone ahead of buyout

LAURA MILLAN  |  TUESDAY, 27 AUG 2013
... and compliant way," De Zwart said. De Zwart also spoke about Centrepoint's other dealer group, Professional Investment Services (PIS). "I am not aware that we have lost significant practices since June, the situation is pretty stable now," he said. Centrepoint-owned ...

Centrepoint locks-in CEO with incentive bonus

LAURA MILLAN  |  TUESDAY, 6 AUG 2013
Centrepoint Alliance, the parent company of Professional Investment Services (PIS) dealer group, has approved the issue of up to $1.5 million of fully paid ordinary shares to Centrepoint and PIS managing director John De Zwart as a long term incentive. ...

ASIC highlights higher enforcement rate ahead of Senate inquiry

LAURA MILLAN  |  THURSDAY, 25 JUL 2013
... Senate inquiry has put pressure on the regulator and recently it has taken actions such as asking Professional Investment Services (PIS) dealer group to be independently monitored or releasing new information sheets on dispute resolution and misconduct. ...

Centrepoint spent $4.9 million in client claims

LAURA MILLAN  |  WEDNESDAY, 24 JUL 2013
Professional Investment Services (PIS) owner Centrepoint Alliance Group spent $4.9 million to cover client claims in relation to the performance of some of its advisers. The company revealed to the Australian Securities Exchange (ASX) that the group ...

PIS appoints PwC as independent expert

LAURA MILLAN  |  THURSDAY, 18 JUL 2013
PriceWaterhouseCoopers (PwC) will monitor independent dealer group Professional Investment Services (PIS) for the next nine months after an order was issued yesterday by the Australian Securities and Investments Commission (ASIC). PwC will report back ...

ASIC orders further PIS scrutiny over compliance concerns

LAURA MILLAN  |  WEDNESDAY, 17 JUL 2013
Professional Investment Services (PIS) will be subject to a monitoring program by an independent expert to ensure that its advice processes meet the standards set out in a major enforceable undertaking (EU). The EU came to an end on March 2012 and PIS ...

PIS sees dramatic drop in adviser numbers

LAURA MILLAN  |  WEDNESDAY, 10 JUL 2013
Independent dealer group Professional Investment Services (PIS) has experienced a significant drop on adviser numbers in the last two years. PIS has seen its advisers drop by more than half in the last two years and it now has 559 advisers, according ...

Platforms surpass pre-GFC levels

LAURA MILLAN  |  MONDAY, 1 JUL 2013
... hand, independently owned adviser groups represent 28% of all advisers and 17% of adviser FUA. Professional Investment Services (PIS) is the largest independent dealer group and it has seen its market share reduced by 1% in the last year, from 4.1% in ...

Robbie Bennetts takes stake in Beacon

MARK SMITH  |  THURSDAY, 27 JUN 2013
Former Professional Investment Services (PIS) managing director Robbie Bennetts will take a stake in recently formed independent dealer group Beacon Financial Group. He will provide the firm access to tools developed by his consultancy business Robbie ...