PIS boosts adviser practice growth

Professional Investment Services’90-day business and activity model that ran from March through to May has boosted the revenue of participating firms by up to 50 per cent the group says.

The group is also set to make an announcement over the next two weeks that chief executive officer Robbie Bennetts believes will have a major impact on how its advisers and planners will view themselves within the group.

For the three month business and activity initiative however, the firm ran 366 seminars nationally for its network of planners, accountants and risk advisers who were drawn from PIS and the Insurance and Finance Managers of Australia (IFMA), which PIS acquired fromAvivaover two years ago.

The initiative, which delivered an average increase of 50.1 per cent boost in revenue to firms, was supported by a 40 strong distribution team, which included business development managers, marketing and support staff.

PIS network distribution manager, John Lindsay, says the support services on offer are very attractive to individuals wanting to expand their businesses, and says the firms support capabilities will expand further as he has also advertised for an additional eight staff to join the distribution team.

PIS chief executive officer Robbie Bennetts says he is encouraged by the initiative and its impact on expanding adviser businesses and will now look to use it as a draw card to non-PIS planners.

“I am looking forward to pushing forward with this growth strategy over the next financial year as well as offering to help more planners, accountants and risk advisers, not currently with PIS grow their income and assets by joining the group,” Bennetts says.