Deals & People August 8, 2011

LPL and Financial Services Institute Form Partnership

More than 12,000 LPL Financial advisers will become members of the Financial Services Institute (FSI), an advocacy group for independent broker/dealers and advisers, as part of a new partnership.  
Reported by

The organizations formed an “advocacy partnership” to bolster the industry’s advocacy strength in Washington, D.C.  The partnership brings FSI’s financial adviser membership to more than 27,000.

“Ensuring that the collective voice of the independent broker/dealer and independent financial adviser community is heard, especially in times of great regulatory change, is absolutely critical to our ongoing success as an industry,” said Bill Dwyer, president, National Sales and Marketing at LPL Financial and chairman of FSI.  “Together, our expanded advocacy partnership will enable us to further protect our advisers’ ability to deliver unbiased and conflict-free financial advice to the millions of Main Street American households who need it.”

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In addition to advocating on advisers’ behalf, FSI offers free, on-demand, members-only Web conferences and podcasts on timely advocacy related-topics critical to their business; quarterly adviser briefing calls; access to analyses of regulatory and legislative proposals; an Advocacy Action Center to easily communicate with legislators and regulators; opportunities to visit Capitol Hill and educate lawmakers; and FSI publications and communications.

FSI was established in 2004 and has 124 financial services firm members and more than 27,000 financial adviser members. LPL Financial, a wholly-owned subsidiary of LPL Investment Holdings Inc., is an independent broker/dealer.

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