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
From disruption to reinvention: The future of supply chains in Europe
Published at the World Economic Forum’s Annual Meeting in Davos, this report explores three possible scenarios for how the Ukraine war could play out over the coming year, modelling the impact of each scenario on the Eurozone economy.
Find Out More
Post
De l’opportunité à l’impact – Évaluer les avantages économiques, sociétaux et culturels de YouTube en Belgique
Cette étude évalue la contribution de YouTube au PIB belge et au taux d’emploi en Belgique, ainsi que son impact plus large sur la société et la culture.
Find Out More
Post
Van mogelijkheden naar impact – Beoordeling van de economische, maatschappelijke en culturele voordelen van YouTube in België
Deze studie beoordeelt de bijdrage van YouTube aan het BBP en de tewerkstelling in België alsook de bredere impact op de maatschappij en cultuur.
Find Out More