Advocacy in action blog

In today’s ever-changing regulatory landscape, financial professionals face a growing number of legislative and policy challenges that can directly impact their ability to serve clients and sustain their businesses. Many of these challenges come from well-intended but often misguided attempts to regulate the industry in ways that could limit consumer access to financial guidance, increase operational burdens, or even threaten advisors' ability to earn a living.

At NAIFA, our mission is clear: We are the voice of the financial professional in Washington, D.C., and in state capitals across the country. We are here to ensure that laws and regulations support—not hinder—your ability to provide the essential services that individuals, families, and businesses rely on every day.

Why Advocacy Matters

Without a strong, unified advocacy effort, financial professionals could face serious obstacles that disrupt their business models. Consider some of the critical battles NAIFA has fought on behalf of the industry:

Congratulations to NAIFA-California for its advocacy work that contributed to the California Legislature passing (and the Governor signing) AB 2927 by Assemblyman McCarty (D-Sacramento). The bill reflects years of efforts to require financial literacy be included in high school curriculum and required for graduation. 

The recently agreed-to compromise was supported by NAIFA-California and resulted in the proposed November ballot initiative being pulled by its sponsor NGPF Mission 2030, an affiliate of Next Gen Personal Finance. The Governor and Legislative leaders praised the compromise and expressed their strong support of ensuring students are given the life tools necessary to make sound financial decisions at a young age. Students will begin to see the curriculum in the 2027-28 school year. 

NAIFA-California’s advocacy win is NAIFA grassroots at its best.