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November 8, 2012
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Twice-weekly summary of financial industry news
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  Top News 
  • FSI's Brown calls for business-friendly regulation
    Responding to the re-election of President Barack Obama, FSI President and CEO Dale Brown says the next 13 months in Washington will be critical for the organization's members and customers. "Clients and their independent financial advisers and financial services firms need a healthier, more business-friendly regulatory environment," he said. Financial Advisor online (11/7) LinkedInFacebookTwitterEmail this Story
5 Cures for Business Growing Pains
A growing business is a successful business, but it comes with its own set of complications. Growing pains can arise from new employees, added roles and responsibilities, and a premium on office space. Read this informative e-book for five practical tips to managing your growing office space.
  Policy Watch 
  • Data crunchers drove Obama's re-election bid
    Data crunchers were at the heart of President Barack Obama's successful re-election bid, gathering, sorting and analyzing demographic and other information to effectively target different donor market segments. The combination of data and formulas proved highly effective in a close-to-the-vest, two-year operation. "They are our nuclear codes," campaign spokesman Ben LaBolt says of the effort. TIME (subscription required) (11/7) LinkedInFacebookTwitterEmail this Story
  • Financial advisers still face regulatory uncertainty
    President Barack Obama's re-election has taken much of the uncertainty out of the markets, but financial advisers still face possible regulatory changes. The Securities and Exchange Commission grapples with calls for tougher ethical standards for brokers while Congress considers an effort to outsource investment adviser oversight. InvestmentNews (free registration) (11/7), The Wall Street Journal (11/9) LinkedInFacebookTwitterEmail this Story
  • Obama's win lets some solidify tax strategies
    Questions remain about how U.S. tax law will look Jan. 1, but some financial advisers are recommending that wealthy clients take income and exercise stock options this year, rather than risk higher taxes next year. President Barack Obama's re-election clarifies the direction of tax policy, advisers say, but some will wait before making recommendations. Bloomberg (11/8), The Wall Street Journal (11/7) LinkedInFacebookTwitterEmail this Story
  • U.S. lawmakers turn to threat of "fiscal cliff"
    With the question of who will be president answered, the U.S. must now confront the "fiscal cliff" of tax hikes and spending cuts that economists say could return the economy to decline. Republican House Speaker John Boehner gave a speech on Capitol Hill that struck a conciliatory tone but seemed to flatly reject any compromise that included an increase in taxes. CNN (11/8), The Washington Post (11/7), The Hill/Hill Tube (11/7) LinkedInFacebookTwitterEmail this Story
  Building Your Business 
  • Advisers work to overcome hurdles in succession planning
    Transferring a financial-advisory practice ahead of retirement poses challenges such as finding a willing successor and preparing clients for the transition, experts say. Some advisers select family members to take over their practice, and others are guided by firms that offer succession planning for their agents. Financial Advisor online (11/6) LinkedInFacebookTwitterEmail this Story
  • Tips for those supporting adult children
    Helping adult children starts with financial education when they are still young, experts say. Adult children should have a career and finance plan in place if they rely on their parents for some support, and parents should set limits on their giving. Another tip: Parents should budget for the help they provide and make sure to fund their retirement first. U.S. News & World Report (11/6) LinkedInFacebookTwitterEmail this Story
  Financial Products 
  • Financial advisers worry about clients' equity fear
    Many investors are missing out on the soaring stock market because they are afraid of equities, leaving financial advisers wondering whether they have an obligation to persuade clients to give equities another look. Investors are still pulling money out of equity mutual funds, even with the Standard & Poor's 500 index and the Dow Jones industrial average close to where they stood at the end of 2007. Reuters (11/6) LinkedInFacebookTwitterEmail this Story
  Retirement Focus 
  • Retirement prospects darken for younger workers
    Public and private employers increasingly are reducing pension benefits, a trend that is hitting young workers harder than their older colleagues. The situation leaves the next generation's retirees with a bleak future, Michael Fletcher writes. Many companies are making severe cuts for new hires to preserve benefits for existing employees. The Washington Post (11/5) LinkedInFacebookTwitterEmail this Story
  • PBGC pension policy is criticized by benefits group
    A policy from the Pension Benefit Guaranty Corp. requires some companies to set aside funds to guarantee the short-term security of their pension liabilities in the event that they shut down. Lynn Dudley of the American Benefits Council says the policy oversteps the bounds of the ERISA statute. AdvisorOne (11/5) LinkedInFacebookTwitterEmail this Story
  FSI Member News & Events 
  • Download the new FSI Advocacy App!
    The Financial Services Institute has launched a smartphone and tablet application designed to help advisers expand their role in the advocacy process. The app helps advisers contact their local representatives in Congress, get up to speed on FSI's advocacy priorities and know the top issues affecting the industry. Learn more about the app and download it today. LinkedInFacebookTwitterEmail this Story

  • FSI video touts advocacy results
    FSI urges you to watch this 50-second powerful video that highlights our impressive advocacy results in 2011. Our members' grass-roots and financial support are what make these accomplishments possible. Thank you for your membership! LinkedInFacebookTwitterEmail this Story

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Leave other people's mistakes where they lie."
--Marcus Aurelius,
Roman emperor

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FSI was formed in January 2004 as an advocacy and membership organization for independent broker-dealers and independent financial advisors. We provide insight, information, influence, and involvement--all in support of our mission to provide visibility, credibility, and an improved regulatory environment for the independent channel. Learn more at

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