Florida's state legislature has approved a measure that will allow advisory firms to make changes to their business models without waiting for regulatory approval. If the measure is signed into law, advisory firms will be allowed to change broker-dealer affiliation, move to other locations within the state or open new branches in the state after they notify the Florida Office of Financial Regulation. "We applaud the elected officials and the Florida Office of Financial Regulation who all came together with our members to make positive difference," said FSI President and CEO Dale Brown. "This is exactly how government/private partnerships should work to serve our mutual constituencies. And it shows how much FSI's members can accomplish when they work together and speak with one voice."
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