The Financial Services Institute (FSI) announced Tuesday that NEXT Financial Group, Transamerica Financial Advisors and The Strategic Financial Alliance have joined as members, collectively adding 2,500 new independent advisor members to FSI.
Advisors’ first-year membership is offered on a complimentary basis by the firms, FSI says. After that, advisors get a firm-discounted price of $99 per year.
Keith Kelly, FSI’s executive vice president and COO, said in a statement that while FSI “intentionally grew our Financial Advisor Membership this year … this isn’t and never will be a membership numbers game to us. This is solely about unifying all independent financial advisors, with various business models, to speak with one voice and bring about healthy regulatory reform, strengthen their businesses and protect their clients.”