Dan is a business journalist who previously worked for various local newspapers and industry publications. He also worked for two years in Beijing as an editor at China Daily. A graduate of the University of Missouri-Columbia, he has written about banking, local governments and the legal profession, among other subjects. He now covers how politics, policy and regulation affect the financial planning industry.
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The "reverse churning" case highlights the regulatory gap investors can fall into when moving between brokerage and advisory relationships.
September 12 -
Within days of a colleague's retirement and having been introduced as their new advisor, Corbin Hoffner left for Raymond James.
September 11 -
A lawyer suing Wells and other firms argues the recent rate changes do nothing to repair harm already suffered by his clients.
September 10 -
Lawyers allege the 92-year-old victim's daughter begged Schwab to freeze her mother's account, but to no avail.
September 9 -
The groups managing hundreds of millions are coming over from Merrill, Northwestern Mutual and Wells Fargo.
September 6 -
The private equity-backed firm's acquisition of Levy Wealth, with its more than $1 billion under management, falls in line with the trends driving industry consolidation.
September 5 -
DNA Behavior's onboarding tool creates digital proxies of clients to determine behavioral finance traits.
September 5 -
LPL presses forward with deals that have made it one of the fastest-growing firms in recent years.
September 4 -
Lawyers note the kinds of grievances the firm allegedly withheld are what potential clients look at when choosing advisors.
September 3 -
Schwab vehemently denied allegations that it mishandled clients' uninvested cash, calling the putative class action just the latest in a series of "unsound, copycat lawsuits."
August 30
