Stand Up for Independence

A new rule from the Department of Labor (DOL) threatens to revoke the choice of thousands of Americans to work as independent business owners, including independent financial advisors.

Independent financial advisors choose to affiliate with their broker-dealers and/or RIA firms as independent contractors, rather than as W-2 employees. They choose independence so that they can run their own businesses, build relationships with clients in their communities, and provide those clients affordable, unbiased advice. Many Main Street Americans turn to independent financial advisors to help them achieve their financial goals and navigate life transitions—whether it’s welcoming a new family member, a job change, the loss of a loved one, or countless other significant life events.

Tell Congress to Stand Up
for Independent Financial Advisors

DOL’s 2024 independent contractor rule could cause independent financial advisors to lose their independence.

But the impact doesn’t stop there. The rule could harm millions of Main Street investors across the country who rely on independent financial advisors and firms to help them save, invest and plan for the future.

An analysis by Oxford Economics of the DOL’s rule proposal found that the rule could cause:

Take Action!

Stand up for independence and tell Congress to stop the DOL’s 2024 independent contractor rule.