Adviser Advocacy Day

AdvocacyDay 2019

12th Annual IAA Adviser Advocacy Day A Success

Investment advisers from across the country gathered on Capitol Hill on June 13 for the IAA’s 12th Annual Adviser Advocacy Day. Approximately 80 meetings were scheduled in both the House and Senate for the more than 70 participants in our association’s signature grassroots lobbying program. Advisers discussed issues including the SEC’s recently adopted “Regulation Best Interest” Rule, restoring and expanding the deductibility of advisory fees, retirement savings legislation, a level playing field for active and passive management, cybersecurity, proxy voting, and reducing the burden of new SEC rules on smaller advisory firms.

Briefing materials and key issue talking points from our 2019 event are available here.

Greg Valliere – a leading political and economic strategist – spoke to Adviser Advocacy Day participants at a special welcome reception and dinner the evening before their Capitol Hill visits. The dinner was sponsored by Charles Schwab, Fidelity Investments, TD Ameritrade Institutional, and Pershing Advisor Solutions. 

“With the SEC just having addressed the standards of conduct for brokers and advisers, this is a critical time to impress upon legislators our community’s importance to the economy, to investors, to the capital markets, and to their constituents,” said Neil Simon, IAA Vice President for Government Relations. “We are grateful to the advisers who joined us to make this Adviser Advocacy Day a real success. Together, we’re making a difference.” 

Planning is already underway to further strengthen this program for 2020 and we would welcome participants’ feedback.