FSI Announces New Board Member, Adam Malamed

June 5, 2023

Sanctuary Wealth’s CEO brings extensive industry experience to Board

The Financial Services Institute (FSI) today announced the election of Adam Malamed, CEO of Sanctuary Wealth, as the newest member of its Board of Directors.

“I am pleased to welcome Adam Malamed to FSI’s Board of Directors,” said FSI President & CEO Dale Brown. “Adam has long been an ardent supporter of FSI’s advocacy mission. With the extraordinary rate of change we’ve seen in the past few years – impacting everything from the markets to how and where we work to client needs and expectations – his wide-ranging industry leadership experience will be extremely valuable in helping position FSI for continued success and growth in the years to come.”

Malamed joins FSI’s Board as the association continues its staunch defense of independent advisors’ ability to operate as independent contractors in light of threats from the U.S. Department of Labor, the PRO Act and state-level worker classification proposals. Overall, FSI advocates for creating a healthier, more business-friendly regulatory environment for its members to provide affordable, objective financial advice to hard-working Main Street Americans.

“I am excited to join the FSI Board and work with the other directors, Dale and the FSI team on important initiatives facing our space,” said Malamed. “As someone who has been involved with FSI and led a member firm for a long time, I know firsthand how the organization achieves results and positively impacts independent financial advisors across all business models, the broader independent financial services industry and investors throughout the country. I am eager to get started.”

The FSI Board of Directors now stands at 19 members, including executives from large, mid-sized and small independent financial services firms as well as independent financial advisors and service provider executives.