FSI Submits Comment Letter on DOL’s Proposed Fiduciary Rule
Today the Financial Services Institute submitted a comment letter to the Department of Labor (DOL) regarding its proposed fiduciary rule.
Click here to read FSI’s comment letter.
“Since 2009, before Dodd-Frank was law, we supported the creation of a uniform fiduciary standard,” said FSI President & CEO Dale Brown. “However, the Department of Labor’s current proposal is unworkable. It will limit Main Street Americans’ access to much-needed retirement advice, and studies show that savers who work with an advisor save more money compared to those who try to invest on their own. The proposal will also add complexity to an already complicated regulatory environment, not only for broker-dealers, investment advisers and financial advisors, but also for investors. We are eager to work with the DOL to ensure our shared investor protection goals are met without limiting access to quality, affordable financial advice, products and services.”
FSI Announces New Board Member, Adam Malamed
Sanctuary Wealth’s CEO brings extensive industry experience to Board The Financial Services Institute (FSI) today announced the election of Adam […]Read More
FSI and Broadridge Launch New Video Guide to Help Advisors Better Explain Form CRS to Investors
The Guide can also help facilitate more in-depth and meaningful discussions between advisors and clients Today, the Financial Services Institute […]Read More
FSI Announces 2023 Board of Directors & Executive Committee Members
The Financial Services Institute (FSI) today announced today that it has added five Directors to its Board. The new members […]Read More