In Iowa, financial advisors aren’t hedge fund managers in glass towers and fancy suits — they’re our neighbors. They help families plan for retirement, save for college, and buy their first home.
But Washington’s outdated rules are making it harder for them to do their jobs.
The problem: Right now, federal law puts small-town advisors at a disadvantage. Unlike other professionals — like lawyers or accountants — many independent advisors aren’t allowed to structure their business in the way that works best for them.
That means more red tape, higher costs, and fewer options for families who want trusted local advice.
That’s why we’re leading the bipartisan Clarity for Compensation Act — to level the playing field and make it easier for advisors to stay local by:
🏢 Allowing advisors to run their business like other professionals
📉 Cutting back on unnecessary red tape and compliance costs
🧾 Modernizing outdated rules without weakening oversight
🛡️ Keeping strong protections in place for families and investors
đź’° Helping financial advisors hire, train, and compensate junior staffÂ
Bottom Line: Cutting red tape for financial advisors means more local choices and stronger Main Street businesses. That’s Iowa common sense, and I’ll keep working across the aisle to deliver it.