The Financial Service Institute (FSI) continued to expand its membership with the sign up of all 225 financial advisors of Foothill Securities financial advisors, FSI officials announced today. FSI is an advocacy organization for independent financial services firms and independent financial advisors. FSI has 125 financial services firm members and over 34,000 financial advisor members. FSI member firms have upwards of 180,000 financial advisors affiliated with them.
Foothill Securities advisors' first-year membership is offered on a complimentary basis by Foothill Securities.
Mountainview, Calif.-based Foothill Securities is a broker-dealer and registered investment advisor (RIA) owned by its own advisors.
"Now more than ever, this regulatory environment dictates that we cannot sit on the sidelines while others decide the future for our clients and our industry," said Steve Chipman, president and CEO of Foothill Securities. "We have been and remain passionate about supporting the advocacy efforts of FSI to help guide the future of our industry.'"
The addition of Foothill Securities comes on the heels of FSI's signing financial advisors from Landenburg Thalmann Financial Services Inc. earlier this month. The firm's three independent broker-dealer subsidiaries -- Securities America Inc., Triad Advisors Inc. and Investacorp Inc. -- as well as their approximately 2,700 affiliated independent financial advisors are FSI members for 2012.