PIS points to ‘transformational strides’
The parent company of Professional Investment Services has heralded significant changes implemented at the dealer group since entering an EU with ASIC in 2010.
Commenting on the conclusion of the review, Centrepoint Alliance managing director John De Zwart issued a statement highlighting the “transformational strides” made in recent times.
“We are very pleased to announce the conclusion of Professional Investment Services’ ongoing monitoring program with ASIC,” Mr De Zwart said.
“This is another key milestone in the execution of the group’s strategy and most importantly, increasing the quality of financial advice Australians receive.”
The statement makes clear that “following the conclusion of the [review], neither PIS, nor any entity within the Centrepoint Group, have any regulatory actions underway or any non-standard ongoing licence conditions”.