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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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 -
Industry groups see the new AML requirements as unnecessarily redundant and burdensome on small firms.
August 29 -
In an earnings call, an RBC executive says the firm decided to raise its account yields in response to higher Fed rates because "the right balance was to allocate some of that rising rate to our customers."
August 28
