Workforce
The financial industry’s strength lies in its people. SIFMA partners with members to attract, develop, and retain talent while fostering inclusive workplaces that reflect the communities they serve.
We focus on leadership development, early-career engagement, and modern workplace practices—helping firms adapt to new technologies and ways of working. Through initiatives like SIFMA Invest! and our member forums, we support the success of today’s professionals and prepare the next generation shaping the future of finance.
DOL Must Preserve the Independent Contactor Model for Financial Advice
Independent contractors have long been an integral part of the securities industry. Independent broker-dealers (BDs) and the nearly 160,000 individuals that affiliate with them as independent financial advisors (FAs) serve millions of clients across the U.S. by providing investment education and guidance. Many clients are modest to middle-income investors seeking advice on retirement planning, educational funding, and other life events. Many of these FAs offer or provide additional services to protect their clients’ financial well-being, such as insurance solutions and tax planning advice.
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