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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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 -
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 -
The wealth management giants join their rivals Wells Fargo, Morgan Stanley, UBS, LPL Financial and Ameriprise in being accused of using uninvested cash in advisory accounts to boost their bottom lines rather than benefit clients.
August 27 -
The arbitration decision comes more than a year after SW Financial was expelled from the industry for violating Regulation Best Interest.
August 26 -
UBS executives estimate their plan to raise rates on certain accounts will cost the firm $50 million. A new suit cites that as evidence that the firm "violated its obligations to its clients."
August 23 -
Analysts say that firms that are forced to start paying clients higher rates may have to raise their advisory fees and cut costs to make up for the revenue losses.
August 22 -
One of the most successful recruiting firms in recent years, LPL again finds happy hunting grounds at its rival giant in the independent brokerage channel.
August 21 -
The new rule comes after advisors had expressed concerns about personal safety and data privacy.
August 20 -
The deal marks the fourth purchase for CW Advisors since a private equity firm bought a majority stake in it last year.
August 19 -
Industry experts say they can't recall another time when an advisory firm has used a lawsuit for a wholesale indictment of a rival's recruiting practices.
August 16 -
An LPL independent contractor accuses the firm of not doing enough to stop salacious remarks directed at him that started after a top Bank of Springfield executive learned he was gay.
August 15
