Stifel CEO Kruszewski named chairman of American Securities Association

American Securities Association will represent sector before Congress, regulators

Sep 12, 2018 @ 1:23 pm

By Mark Schoeff Jr.

Ronald J. Kruszewski, chairman and chief executive of Stifel Financial Corp., was named chairman of the American Securities Association on Wednesday, helming a group that represents regional financial firms in Washington.

Mr. Kruszewski will head a 16-member board that includes officials from Raymond James Financial, D.A. Davidson & Co., Robert W. Baird & Co., Janney Montgomery Scott and PFS Investments Inc., among other firms.

ASA will promote the interests of its members and their clients in regulation and legislation "through direct advocacy, strategic communications and grassroots political outreach," the group said on its website.

Mr. Kruszewski said in a statement that ASA would help the firms "expand our presence in Washington."

In the same statement, Christopher A. Iacovella, ASA chief executive, described the group's members as "Main Street financial services companies."

The ASA was established in 2016, and Mr. Kruszewski's appointment essentially relaunches the organization. ASA will donate to congressional campaigns through the American Securities Association Political Action Committee.

"We look forward to mobilizing resources to drive and implement our economic opportunity policy agenda," ASA spokesman Adam Rice wrote in an email.


What do you think?

View comments

Recommended for you

Featured video


How InvestmentNews picks its Women to Watch winners

The process is laborious and exacting, but well worth it. The end result each year is an impressive group of women in the advice industry from whom others can draw inspiration.

Latest news & opinion

Ohio National offers buyouts, ends commission trails amid jumbled regulatory oversight of VAs

Jurisdiction is shared between the SEC, Finra and state insurance commissioners. Will any of them step in?

6 mistakes advisers make when onboarding new clients

Starting a new relationship with a client is harder than it looks.

TCA by E*Trade lures Edelman Financial Engines with promise of client referrals

Access to clients through E*Trade's 30 branch offices drew the attention of RIA Edelman Financial Engines.

10 states with lowest overall tax burden

Here's a list of the states with the lowest total tax burden from Wallet Hub.

7 surprising things Medicare doesn't cover

Gaps in Medicare's coverage can wreak havoc with a retiree’s budget, but here are some solutions to help your clients fill the gaps.


Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting It'll help us continue to serve you.

Yes, show me how to whitelist

Ad blocker detected. Please whitelist us or give premium a try.


Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print