PIS turns its focus on growth, with rebuilding ties with its network a priority.
Dealer group Professional Investment Services (PIS) has turned its focus on building its network as sales discussions ease.
PIS chief executive Robbie Bennetts said the firm had been in discussions with a number of firms but has not had ongoing discussions, nor has it had any offers.
"There have been a number of people who have approached us. We did open a due diligence room for two of those people," Bennetts said.
"We had that room open since the end of November for them and we haven't been talking to anybody.
"We've been very busy and as far as we're concerned this business is recovering very strongly at the moment, and we're just full steam ahead and making sure that we're taking this business back to where we want it to be."
Bennetts said the firm has moved into a growth mode, with a move to further streamline the business and recruit new staff.
"We're back to business as usual. The business has recovered very well. We've had very good inflows going on," he said.
"We're about making sure the regulator and our licensees and ourselves are protected and we're protecting the business that way. We think we've got to work very hard in managing and building relationships with our network out there.
"They have been through a very tough 18 months or so and so we've got a lot of strategies to rebuild our relationships with our network and as part of that we're also streamlining our business."
In January this year, Bennetts confirmed the firm had been approached by a number of groups for a possible partial or whole buy out.
The two non-consecutive alphabetic letters encountered most often last week caused more controversy than the underlying policy they represented, Wouter Klijn writes.... read more »
Home delivered!
Daily news, weekday mornings
Get the day's news delivered direct to your inbox. Register here (it's free!) and choose 'yes' to receive the InvestorDaily newsletter.
