In yet another strong show of support for the Financial Services Institute (FSI), Geneos Wealth Management and Kovack Securities announced that 500 of their Independent Financial Advisors are now new FSI Financial Advisor Members. The Financial Advisors’ first-year membership is offered on a complimentary basis by the firms.
Dale Brown, FSI’s president & CEO said: “Everything we do is aimed at increasing our advocacy success. Regulators and lawmakers pay attention when our members, their constituents, are engaged in the policy making process. Once again, our collective voice is growing 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.”
Geneos President and CEO Russ Diachok said: “Since its inception back in 2004 FSI has been instrumental in working diligently to protect rights and interests of Independent Broker Dealers and the advisors they serve, and will continue to be a growing advocate for all of us providing Financial Advice to the public that so desperately need their help. We are delighted to offer our advisors a one year trial membership so that they can see firsthand the wonderful job FSI provides on their behalf.”
Kovack Securities’ President, Brian Kovack said: “In today’s regulatory and legislative environment, independent financial advisors need to find partners that can help protect the value that they bring to their clients in the way of independent, unbiased advice and solutions. To protect our business, membership in FSI, in my viewpoint, is a necessity and that is why we feel it is important to offer it to all our advisors.”
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 educate lawmakers; access to FSI’s first-ever Financial Advisor Summit and exclusive FSI publications and communications.
And, for the first time, members now have access to two tools to help them sell the value of independence to prospective clients in order to grow their businesses. A 60-second video and corresponding infographic can be downloaded for free at financialservices.org/store. Both tools have received review letters from FINRA and are client-ready.
About the Financial Services Institute (FSI): FSI is an advocacy organization for independent financial services firms and independent financial advisors. Established in January 2004, FSI has over 100 financial services firm members and over 35,000 financial advisor members. FSI member firms have upwards of 160,000 financial advisors affiliated with them. FSI’s mission is to create a more responsible regulatory environment for independent broker-dealers and their affiliated independent financial advisors through effective advocacy, education and public awareness. FSI’s strategy includes involvement in FINRA governance, constructive engagement in the regulatory process and effective influence on the legislative process. For more information, please visit financialservices.org.
About Geneos Wealth Management: Geneos Wealth Management is an independent Broker Dealer that has built a reputation as the final destination for elite advisors. At the core of our firm is our culture. Culture is as important if not more important that any platform, technology solution or product list. The culture of Geneos embodies everything we do, from service, technology, conferences, and compliance all the way down to something as simple as having someone you know and trust pick up the phone when you call. This includes not only our employees, but our advisors and their staff. Building long standing relationships built on competence and trust is the essence of this. Geneos will never grow larger than 500 advisors and utilizes a stringent hiring process with some of the highest minimum production levels in the industry. While this does limit the audience of potential future advisors, it also accomplishes something much more important. It allows us to focus the majority of our attention on our advisors rather than always looking for the next recruit. With our industry defining technology, open architecture fee based solutions, diverse product lineup and award winning culture Geneos has become a well respected and sought after destination for elite advisors in our industry. geneoswealth.com.
About Kovack Securities: Kovack Securities, Inc., (KSI) is a powerful partner for entrepreneurial financial advisors seeking to create their own successful business. Since our inception, helping financial representatives and advisors establish competitive, independent practices has been the primary focus of the Firm. Our successful, independent financial advisors share our vision in providing the quality of financial advice we believe every client deserves and have helped KSI grow to become one of the country’s largest independent broker/dealers. Kovack Securities and Kovack Advisors are focused on providing our advisors with the services, tools, resources and training to help manage the complexities of running their own practices. In turn, our advisors are able to focus on the needs, goals and objectives of their clients rather than office logistics. Our open product architecture and innovative fee-based programs, coupled with our multiple Clearing Firms (National Financial Services and Pershing), provides our advisors with the tools and flexibility to develop investment strategies which are best suited for their clients. kovacksecurities.com
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