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. We have:

    • Stopped you from being forced to become an employee of your broker-dealer (ongoing)
    • Protected access to your advice from the DOL’s fiduciary regulation (ongoing)
    • Preserved your revenue stream by defending 12b-1 fees
    • Protected you from unintentionally violating privacy laws by supporting efforts to prevent financial exploitation of vulnerable adults
    • Protected your clients’ choices of retirement planning opportunities like Inherited "Stretch” IRAs and the use of annuities
    • Stopped federal regulatory efforts to support state, city or county retirement programs that deny clients ERISA protections and access to advice
    • Expanded opportunities for financial advisors to help clients with disabled children via adoption of the ABLE Act in 49 states
    • Achieved dozens of state legislative and regulatory victories for our members
    • Made countless time saving changes and improvements to SEC, FINRA and MSRB regulations
    • Grown our voice in Washington, D.C. and the states
    • Secured a seat at the regulatory table by electing 30 members to FINRA committees

    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.

    Click here to learn about our current advocacy priorities.

    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.