Who are the institutional members of the FSDA?
Current Institutional members are Raymond James Financial, Wells Fargo, and Merrill Lynch/Bank of America.
Why did these firms join the FSDA?
Like all members, Institutional members participate in the efforts to maintain fair and balanced regulation and legislation within the state. Being larger firms, they have a higher percentage of advisors operating within the state and having a voice in, and influencing, the direction of regulatory and legislative initiatives impacting the industry. Additionally, they benefit by networking with other industry professionals and coordinating efforts or gaining perspective where appropriate.
In what way do these firms support the FSDA?
These firms provide significant financial support and contributions of time and talent of their representatives on the Board of Governors. Their membership is the core financial support for the lobby effort. Their depth of resources helps provide the Board of Governors insight from legal, regulatory and sales perspectives.
What does the membership include?
Membership includes two board voting seats members and one board advisory level member. Member firm logo presence on FSDA’s website home page with direct link to firm’s website and firm logo on FSDA’s marketing materials distributed throughout the year. This membership allows all three members to participate in all activities at no charge throughout the year. The members are permitted to Chair committees (standing or ad hoc) and participate in all FSDA’s Outreach Programs. Institutional member firm employees are permitted to attend our Outreach Programs free of charge. All firm members may receive FSDA’s marketing and legislative update materials. All members may use “Member FSDA” on their marketing materials.
What does this membership cost?
$10,000 (36% is deductible) – Must submit an application for approval.