FSI
  • About Us

    The Financial Services Institute (FSI) was founded in 2004 with a clear mission: to ensure that all individuals have access to competent and affordable financial advice, products and services delivered by a growing network of independent financial advisors and independent financial services firms.

    At FSI, everything we do starts and ends with working to create a healthier, more business-friendly regulatory environment for our members – the independent financial services firms and independent financial advisors who provide affordable, unbiased advice to hard-working Main Street Americans.

    FSI’s total concentration on advocacy in Washington, D.C. and throughout the United States delivers the highest possible return on investment for our members. In the last year alone, we have:

    • Stopped you from being forced to become an employee of your broker-dealer
    • Protected access to your advice that would have been banned by the government by outlawing commissions (ongoing)
    • Protected your clients’ choices of investment vehicles such as Inherited "Stretch" IRAs, annuities
    • Grown our voice in Washington, D.C. and the states by doubling financial advisor membership
    • Secured a seat at the regulatory table by electing 30 members to FINRA committees
    • Preserved your revenue stream by defending 12b-1 fees

    Our vision is that all individuals, regardless of their level of wealth, have access to competent and affordable financial advice, products and services delivered through an independent financial advisor affiliated with an independent financial services firm. Our strategy supports our mission and vision through robust involvement in FINRA governance, vigorous engagement in the electoral and regulatory process and effective influence on the legislative process.

    FSI on Capitol Hill

    Our members are our greatest asset in the ongoing effort to successfully engage with regulators and legislators. Our grassroots efforts include:

    • Mobilizing financial advisors to raise their collective voice to affect change (for example, over 5,000 personalized letters to the White House led to the DOL withdrawing their proposed redefinition of the term fiduciary, preventing millions of Americans to be priced out of financial advice on their IRAs).
    • Coordinating in-state meetings, letters and phone calls to elected officials (in California, for example, which led to the successful amendment to a bill that would have threatened advisors' independent contractor status).
    • Working with members to garner support for advocacy efforts via the FSI PAC.
    • Holding over 260 meetings on Capitol Hill during our last Advocacy Summit pressing our most critical issues with members of Congress.
    • Speaking with one voice and filling a large void in the media to influence the administration, Congress and regulators, both in D.C. and in the states.

    Learn how to get involved at our Advocacy Action Center to make a difference for our industry, your business and your clients.

     

  • Learn More

    Watch our video to learn more about FSI's mission and why advocacy for our industry matters.