FSI Announces New Board Member

May 7, 2015

The Financial Services Institute (FSI) today announced the election of John Rooney, Managing Principal of Commonwealth Financial Network, as the newest member of its Board of Directors. Rooney will serve a minimum of three years.

“Our Board of Directors is strong and diverse, with small, medium and large firms all represented,” said FSI President & CEO Dale Brown. “The Board’s strength is reflective of the overall strength of our organization.

“John is well known and well respected in our industry,” Brown continued. “His leadership, vast industry experience and expertise across all facets of the business will help our Board of Directors, as we move into our next five-year strategic plan. We are grateful John answered the call to serve his industry and our efforts to ensure investors are protected and have access to quality, affordable financial advice – and ultimately a dignified retirement.”

“It is both a pleasure and an honor to join the FSI Board of Directors,” said Rooney. “I look forward to working closely with this distinguished group of industry leaders who are as passionate about serving as the voice of independents as I am.”
Rooney added, “I am dedicated to creating a healthier regulatory environment for independent financial services firms and independent financial advisors who provide advice to hardworking investors. This exceptional opportunity will allow me to uphold that commitment.”

The FSI Board now stands at 16 members, including large, mid-sized and small independent financial services firms as well as four independent financial advisors. Click here to see the full Board roster.

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.

About Commonwealth Financial Network: Founded in 1979, Commonwealth Financial Network, member FINRA/SIPC, is the nation’s largest privately held independent broker/dealer–RIA, with headquarters in Waltham, Massachusetts, and San Diego, California. J.D. Power ranks Commonwealth “Highest in Independent Advisor Satisfaction Among Financial Investment Firms, Four Times in a Row.” The firm supports approximately 1,600 independent advisors nationwide in serving their clients as registered representatives, investment adviser representatives, and registered investment advisers, as well as through hybrid service models. For more information, please visit www.commonwealth.com.