In the News

After LPL Leaves FSI, Two of Its OSJs Become Members


By Diana Britton
October 4, 2016
LPL Financial decided to leave the Financial Services Institute earlier this summer, but now three of its largest offices of supervisory jurisdiction have joined the advocacy organization.
FSI just recently allowed OSJs of non-member firms to join, and Advantage Financial Group, Private Advisor Group, and Integrated Financial Partners, all affiliated …

LPL super OSJs join FSI, helping it regain ground


By Michelle Zhou
October 4, 2016
The Financial Services Institute may have lost LPL Financial as a member, but it is regaining ground by welcoming three super OSJs affiliated with LPL to its roster.
In its latest membership update, the Washington-based industry group named 15 new firms, among them Private Advisor Group, Advantage Financial Group and …

After LPL Exit, FSI Opens Door To Some OSJs As Corporate Members


The Financial Services Institute, the main trade group for independent broker-dealers, has opened its doors to independent branches of certain brokerage firms. FSI, which lost LPL, its largest member in March, announced Tuesday that among 15 new firms joining this year, three were large offices of supervisory jurisdiction (OSJs).

After LPL walks away from FSI, two large branches join the trade and lobbying group


10/04/2016 Investment News – Advantage Financial Group and Private Advisor Group take advantage of a policy change to join the organization that represents independent broker-dealers.
The Financial Services Institute, the independent broker-dealer industry’s largest trade and lobbying group, saw the largest company in the industry, LPL Financial, walk out the door earlier this year.
FSI and LPL …

15 Firms, Including 3 Super OSJs, Join FSI


One of the new member firms is affiliated with LPL Financial, which is not a part of the industry group itself
By Janet Levaux
October 4,2016

The Financial Services Institute says 15 firms have come on board as members so far this year – mainly due to the Department of Labor’s fiduciary rule. Also, FSI is …

Large Registered Investment Advisor (RIA) Joins FSI to Advocate for Independent Advisors

10/04/2016 Morristown, NJ – Private Advisor Group, LPL Financial’s largest enterprise and a $10.5B RIA, announced today that it has joined the Financial Services Institute (FSI) as a firm member.
“We are extremely passionate about staying on the forefront of the issues that impact independent financial advisors,” said Pat Sullivan, Managing Director and Chief Compliance Officer …