For trade groups, lobbying pays
For careerists in financial-trade-group management, heading a lobbying organization backed by huge corporate interests appears to be a more lucrative route to success than serving and educating financial advisers.
According to a review of tax filings for 2008, leaders of groups with major lobbying efforts — the Securities Industry and Financial Markets Association, the American Bankers Association and the Financial Services Roundtable, for example — earned more money than those whose groups whose mission
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