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
The New Rules of Data Management
Consulting Report The Economic Impact of FSI’s Members Creating value in the AI Era You might be interested in
Find Out More
Post
Overcoming the middle-income trap and achieving sustainable development
The middle-income trap is an economic development situation in which a country’s income and economic output growth stagnate once the country is classified as a middle-income nation. This research paper explores how African nations can escape the so-called middle income trap.
Find Out More
Post
Impact AI Series
Consulting Report The Economic Impact of FSI’s Members Enterprise AI Maturity Index 2025 You might be interested in
Find Out More