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Fast Start for the FSI
Broker/dealer group has made great strides in short amount of time
Greeting attendees at the second annual Financial Services Institute's Broker-Dealer Conference on January 23, conference chair Jeff Montgomery noted that FSI "got here as fast as it could." Montgomery, CEO of NFP Securities, noted that there were 530 registrants for the conference in San Diego, that 60% of that number were B/D executives, and that there were more than 100 first-time attendees. In two short years since spinning off from the Financial Planning Association, the FSI has had some clear successes, particularly in its advocacy efforts. John Poff of Mutual Service Corp. and the chair of the FSI board, told attendees that FSI had had "seven constructive meetings" with NASD over the past year, and noted that John Simmers of ING was up for election (a contested one, at that) to the NASD board of governors. The group has hired a consultant for its Congressional strategy, and concluding that it's "more advantageous" to have influence with "fewer, more powerful members in Congress," he revealed that FSI has identified 10 Congressional candidates that it may support. Acknowledging the efforts of outgoing chair Tony Batman of 1st Global, Poff announced that FSI would present a new annual award, the "Tony Batman Leadership Award."