The Financial Services Institute (FSI) has launched a microsite for investors to weigh in with their members of Congress urging them to protect their retirement by ensuring their access to financial advisors, products and services that they depend on today for dignified retirement.
The easy-to-use site allows each investor to send three total letters – two Senators and one member of Congress – in just two simple steps. The FSI advocacy software automatically matches the investor with their elected officials. Any financial advisor, whether an FSI member or not, is urged to send this link to their clients urging them to weigh in.
The site is just one of the ways that FSI is working to positively affect constructive change with the fiduciary rule. FSI has also submitted two comment letters to the Department of Labor that highlight the proposal’s impact on financial advisors and their clients, and our suggested alternative approach to avoid the unintended harmful consequences that will exist if the proposal is implemented in its current form.
“For the last five years FSI has actively supported a uniform fiduciary standard,” said FSI President & CEO Dale Brown. “However, in its current form, the DOL rule is unworkable and we are engaged to help make it work. Our financial advisors have been sending thousands of letters to Capitol Hill and the Department asking them to work with us to craft a rule that both protects investors and guarantees access to advisors for small and mid-sized investors.”
FSI is working directly with its 37,000 financial advisor members and 100+ firm members to reach their current clients asking them to weigh in on the rule.
Maintaining this access to advice for hard-working Americans is critical. People who work with a financial advisor save more money, get better returns on their investments, avoid costly mistakes and have greater confidence in their financial futures.
About the 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 37,000 independent financial advisors, and more than 100 independent financial services firms who represent upwards of 160,000 affiliated financial advisors. 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 hard-working Main Street Americans. For more information, please visit financialservices.org.