Forbes quits PIS


Paul Forbes (pictured) has resigned as head of product and research for big dealer group Professional Investment Services (PIS) ahead of its proposed merger with listed company Centrepoint Alliance.
Forbes will sign off the week before Christmas after five years with the group. He originally joined the group in the dual role of chief operating officer for PIS and managing director of Professional Investment Holdings subsidiary, Australian Loan Company. In a restructure last year Forbes was named group general manager, product and research, for PIS.
PIH managing director Grahame Evans described Forbes as a “grounded leader” and someone whose “industry, product and operational expertise” the group had benefited from. Prior to joining PIS Forbes was general manager of Suncorp-owned dealer groups Guardian Financial Planning and Cameron Walshe.
The group is yet to announce a replacement.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.