Similar to a boost from LPL Financial in 2011 that significantly increased its numbers, the Financial Services Institute announced on Thursday that five independent broker-dealers have now made their advisors members of the advocacy organization.
The firms are G.A. Repple & Co. in Orlando, Fla.; International Assets Advisory in Orlando, Fla.; Prospera Financial Services in Dallas; Western International Securities in Pasadena, Calif.; and Williams Financial Group in Dallas. The advisors’ first-year memberships are offered free by the firms.
“Numbers and grassroots engagement matter on Capitol Hill and in the states,” Dale Brown (left), FSI’s president and CEO, said in a statement. “Regulators and lawmakers pay attention when constituents are engaged in the policymaking process. So our collective voice is getting stronger and more influential.
“The momentum our members are creating speaks loudly that every independent financial advisor should join the fight to protect their business by becoming an FSI member,” he added.