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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Cadaret Grant agreed to fines to clear up allegations that it had failed to disclose conflicts with costly mutual funds and sweeps accounts.
August 13 -
Recent years have taken the shine off of fixed income, both as a portfolio diversifier and a way to boost total returns. The prospect of falling rates next month promises to reverse that.
August 12 -
The regional wealth manager reports losing 41 advisors in the second quarter, although its headcount was still up 4%.
August 9 -
The litigation comes amid heated debate over a Department of Labor rule meant to prevent excessive fees on sales of insurance products.
August 8 -
A founder of Harbor Lights Financial Group said he and his partners scouted possible private equity buyers and decided LPL was the best option for preserving their firm's legacy.
August 8 -
The wealth management giant questions if there has ever been so large a civil sanction handed down in response to "negligent mistakes" made in an attempt to comply with "unwritten rules."
August 7 -
Researchers wonder if similar regulatory attention could eventually hit the bottom lines of independent broker-dealers and RIAs.
August 6 -
Financial planners have had to field plenty of questions about why they weren't more aggressively chasing returns. With the market correction, they now have a chance to show the benefits of a diversified strategy.
August 5 -
The hires add credibility to the wirehouse's renewed commitment to recruiting.
August 2 -
Firms' practice of offering low returns on clients' uninvested cash is becoming the latest hot legal target.
August 1 -
Wells Fargo joins Morgan Stanley, Merrill and Ameriprise in facing questions over its handling of clients' uninvested cash.
July 31 -
The latest court dispute between the two wealth management giants issues a widespread indictment against LPL's recruiting practices.
July 30 -
The Wall Street giant's Morgan Stanley at Work and private wealth units team up to serve top company officials — and possibly gain access to trillions in workplace wealth.
July 30 -
The first phase of FINRA's pilot program for continuing remote branch inspections drew the most interest from firms with 500 representatives or more.
July 29 -
The latest legal action over the industry's handling of clients' uninvested cash suggests sweeps are a bigger profit generator than most firms let on.
July 19 -
Industry groups say RIAs are receiving SEC letters inquiring about compliance with the new T+1 settlement rule for stock and bond trades.
July 18 -
The private equity-backed deal keeps M&A humming along at a "healthy and stable" pace that's unlikely to pick up until rates fall.
July 17 -
The firm continues to see success with encouraging wealth clients to open banking accounts.
July 16 -
The Wall Street powerhouse is now the subject of two class action suits questioning whether it has been providing unreasonably low returns on clients' uninvested cash.
July 16 -
A broker argues the Supreme Court's recent decision in the Jarkesy case means he should get to defend himself against fraud allegations before a jury.
July 15
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