IFMA established the Advisory Board to advise the Directors of the Board on policies regarding the activities of the association. The Advisory Board is to meet at least annually.

Members

The Advisory Board shall consist of 9 members, including the Administrator of the governmental financial regulator, or his or her designee and eight private citizens who shall be selected, to the maximum extent practicable, to provide for national geographic representation and racial, ethnic, and gender diversity, including: two individuals who are officers of existing financial institutions; two individuals who are Chief Financial Officers for for-profit organizations or public interest organizations; two individuals who have expertise in career development; and two individuals who has personal experience and specialized expertise in the securities and futures investment issues.

The current Chair of the Advisory Board, who is elected by the six private citizens, is John Robbins.