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 Economic Impact of China PNTR Repeal
This study provides rigorous analysis to inform policymakers on the potential impact of an escalation in US-China tariffs. We examine how removing China's Permanent Normalized Trade Relations (PNTR) status would affect the US economy, finding that tariffs would cause substantial output and job losses.
Find Out More
Post
Disney’s Effect on Fueling Florida Economy, Jobs and Tourism
Walt Disney World Resort, one of the world’s most visited vacation destinations, generated $40 billion in economic impact across Florida and more than a quarter of a million total jobs in fiscal year 2022, according to a study from Oxford Economics.
Find Out More
Post
WTM Global Travel Report
Tourism Economics is proud to partner with World Travel Market to produce this comprehensive overview of travel and tourism. Consumers continue to demonstrate seemingly insatiable demand for travel despite a complex and dynamic backdrop, including economic and social challenges. By examining the past and looking to the future we can better understand today’s opportunities. We hope this report sparks new meanings and empowers tourism organisations to make bigger and better decisions.
Find Out More