FSI’s Statement on Tax Reform

Today, the U.S. House of Representatives Committee on Ways and Means released their draft tax reform bill. The Financial Services Institute (FSI) has issued the following statement:

“We are very encouraged that this draft protects the tax incentives for retirement accounts,” said Dale Brown, FSI President & CEO. “In addition to retirement savings incentives, FSI has long supported tax reform that safeguards the important role of independent contractors in our economy, and provides equitable treatment of pass-through entities operated by financial advisors. We look forward to working with members of Congress and the administration throughout this process to ensure the final tax reform bill achieves these purposes.”

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 100 independent financial services firm members and their 160,000+ affiliated financial advisors – which comprise over 60% of all producing registered representatives. 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.