FSI Adds 1,000 New Financial Advisor Members

November 1, 2012

In a strong show of support for the Financial Services Institute (FSI), five independent financial services firms announced that their independent financial advisors are now FSI Financial Advisor Members: G.A. Repple & Company in Orlando, Fla.; International Assets Advisory in Orlando, Fla.; Prospera Financial Services in Dallas, TX; Western International Securities in Pasadena, Calif.; and Williams Financial Group in Dallas, TX. The advisors’ first-year memberships are offered on a complimentary basis by the firms.

Dale Brown, FSI’s president & CEO, said: “Numbers and grassroots engagement matter on Capitol Hill and in the states. Regulators and lawmakers pay attention when constituents are engaged in the policy making process. So our collective voice is getting stronger and more influential. Our members are choosing to say ‘Yes We Will’ reform regulation through education and representation. 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.”

Philip Van Staden, G.A. Repple, said: “We really appreciate the advocacy which FSI takes in standing for our industry. We want to support them totally as a strategic partner. We are very pleased with their efforts in representing the Financial Service Industry.”

Harry Sze, National Sales Manager of International Assets Advisory, said: “Given all the dramatic changes in the industry, we believe it is crucial to have an advocate in Washington like FSI, who truly understands our segment of the market and how we differentiate ourselves from the other players.”

David Stringer, President of Prospera: “At Prospera, we have sought out partners that support our efforts to bring independent advice and solutions to our advisors and clients. We highly value FSI’s advocacy efforts with regulators and legislators on behalf of firms like ours.”

Don Bizub, CEO of Western International Securities, said: “We are also a part of other industry organizations that cover the entire securities industry. However, FSI is the only organization focused on firms and advisors like us; independent contractor broker/dealers and advisors. Many of our Advisors made the switch from a wirehouse to Western, so they understand the differences in our business models and how our issues and concerns are distinct from the wirehouse concerns. We feel these issues facing our businesses are so important that Western is investing in our future through the FSI advocacy and encouraging our Advisors to get involved to make a difference. We know our collective voices can really make an impact and help shape the future of our industry.”

David Williams, Williams Financial Group president, said: “In today’s regulatory environment we continue to support and highly value the efforts of FSI to represent firms like WFG. Historically, they have represented our industry, and therefore our firm with exceptional results. We remain committed to FSI by providing membership to all of our Financial Professionals.”

In addition to advocacy, FSI financial advisor members receive: access to analyses of regulatory and legislative proposals; an Advocacy Action Center to easily communicate with legislators and regulators; opportunities to visit Capitol Hill and state legislatures in efforts to educate lawmakers; the twice-weekly FSI Newsbrief; and exclusive FSI publications and communications.