Washington, D.C.-based Financial Services Institute has added close to 150 new financial advisors to its membership rolls.

The new FSI members come from Moloney Securities, which is headquartered in St. Louis, Mo. The advisors' first-year membership is offered on a complimentary basis by their firm.

“Given the highly regulated environment in which we operate, it is of paramount importance that we have a voice and an advocate in the legislative process,” said Ted Moloney, president and COO of Moloney Securities. “We therefore fully support and endorse the mission of the Financial Services Institute."

The FSI now has more than 37,000 independent financial advisor members. In addition to advocacy, FSI members receive access to analyses of regulatory and legislative proposals; an Advocacy Action Center and a mobile app to communicate with legislators and regulators; opportunities to visit Capitol Hill; access to FSI’s Financial Advisor Summit and access to FSI publications and communications.