The Financial Services Institute (FSI) has elected HighTower CEO Bob Oros to the Washington, D.C.-based organization's board of directors.

Founded in 2004, FSI is a trade organization that represents independent financial advisors and independent financial services firms.

“His extensive background in our industry will better inform us as we move FSI forward for years to come,” FSI President and CEO Dale Brown said in a press release.

HighTower, headquartered in Chicago, is a national wealth management firm that provides growth capital and support services to elite independent financial advisory businesses.

“I look forward to working closely with the board to address the converging interests of all who are committed to providing independent, objective advice to all those who save and invest,” Oros said in the press release.