Ungated Post | 28 Sep 2016
The Economic Impact of FSI’s Members
Some 167,000 independent financial advisors are represented by the Financial Services Institute (FSI), accounting for approximately 64.5 percent of financial advisors countrywide. They are affiliated with the more than 100 independent financial services firms that are members of FSI. These firms provide business support and supervision to the independent financial advisors affiliated with them, in addition to arranging for the execution and clearing of customer transactions.
Oxford Economics completed an economic impact assessment of FSI’s members, concluding that they contribute $48 billion in economic output to the US economy, which supports more than 482,000 jobs, $36 billion in labor income and $6.8 billion in taxes. Furthermore, an analysis of the sector’s workforce indicates a high number of veterans, strong ties to the community, and loyalty within organizations. The average company tenure is greater than 8 years and the commuting distance to work is under 20 minutes.
Furthermore, FSI’s impact and value is most felt on the Main Streets of small and mid-sized states across the country.
Report: Click here to read the briefing.
Infographic: CLick here to view.
Press coverage: Think Advisor: Indie Advisors, Firms Create $48B in Economic Output: FSI Study
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
To find out more about our capabilities, contact:
Americas
Diantha Redd
+1 (646) 503 3052
Email
Asia Pacific
Peter Suomi
+65 6850 0110
Email
EMEA
Aoife Pearson
+44 (0)203 910 8054
Email
Related Services
Post
Powering the UK Data Boom: The Nuclear Solution to the UK’s Data Centre Energy Crunch
The UK’s data centre sector is expanding rapidly as digitalisation, cloud computing, and artificial intelligence (AI) drive surging demand for high-performance computing infrastructure.
Find Out More
Post
Measuring the Value of Design in Singapore
This study explores how design delivers value to Singapore-based organisations, enhancing profitability, strengthening strategic performance, and supporting broad environmental and social benefits. It introduces a Theory of Change framework to help organisations more effectively communicate and measure the value of their design activities.
Find Out More
Post
How can tax and finance leaders build agile functions that thrive?
Building continuous transformation into tax and finance functions can equip them to use AI, adding rich, deep insight and value to businesses.
Find Out More
