LPL Throws Its Advisors' Weight Behind The Financial Services Institute Hot

0.0 (0)
Write Review


LPL has signed up all of its 12,600 broker affiliates to a free year of membership in the Financial Services Institute.


FSI is presumably already aligned with LPL's goals -- it's run by Bill Dwyer, who just happens to be LPL's head of marketing -- so this largely just beefs up the group's membership.


LPL reps get access to FSI communications and analysis of breaking regulatory topics. 


The move represents a fairly significant expenditure on LPL's part. Next year, its reps who choose to remain members will have to pay a discounted $99 a year to stay in the group, so we are looking at over $1.2 million in membership fees here.


Dwyer says the group is the only one focused on "the industry-wide advocacy needs of independent financial advisors" and that the stronger relationship is designed to "protect" advisors' ability to stay in business, regardless of compensation model.


This Website Is For Financial Professionals Only

User reviews

There are no user reviews for this listing.
Already have an account? or Create an account