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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 of Private Advisor Group. “With the impending DOL rule and the constantly evolving regulatory environment, we owe it to our network of 600 advisors to ensure we are staying ahead of the curve to provide a voice in Washington and solutions they can use in their practices.”

As part of the firm membership, Private Advisor Group will provide complimentary membership to all of their independent financial advisors. Membership includes access to advocacy in Washington and other services such as the FSI Covered Advisor Benefits, client-ready materials required by the DOL, complimentary webinars, conferences and much more.

“Private Advisor Group is widely known as a visionary leader for hybrid independent advisors,” said FSI President and CEO Dale Brown. “John Hyland and Patrick Sullivan have been involved with FSI for years, and we are very pleased to welcome all of their home office employees – and their advisors – into FSI membership. We know our members will benefit greatly from their knowledge, vision and leadership. We look forward to seeing them get involved.”

To start, Abby Salameh, Private Advisor Group’s Chief Marketing Officer, will participate in the FSI Marketing and Growth Council. Other executives of the firm will be volunteering their services in councils, study groups and advocacy efforts. The membership will commence immediately.

About Private Advisor Group

Private Advisor Group ( is today’s hybrid solution built to support successful independent financial advisors. Our unique organization is designed to provide world class customer service, in depth risk management and forward thinking solutions. Advisors can expect extraordinary, personal support backed by the industry’s largest independent broker-dealer, enabling them to stay focused on their business.

About Financial Services Institute (FSI)

The Financial Services Institute (FSI) is the only organization advocating solely on behalf of independent financial advisors and independent financial services firms. Since 2004, through advocacy, education and public awareness, FSI has successfully promoted a more responsible regulatory environment for more than 100 independent financial services firm members and their 160,000+ affiliated financial advisors – which comprise over 60% of all producing registered representatives. We effect change through involvement in FINRA governance as well as constructive engagement in the regulatory and legislative processes, working to create a healthier regulatory environment for our members so they can provide affordable, objective advice to hardworking Main Street Americans. For more information, please visit

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