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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Caz Craffy admitted to taking nearly $10 million entrusted to him by Gold Star families and using it for excessive trades through outside brokerage firms.
April 23 -
Three advisory teams managing $10 billion in the San Francisco area are among an ongoing wave of departures from the biggest U.S. bank.
April 22 -
The CEO of the RIA "roll-up" outfit thinks that ongoing industry consolidation doesn't necessarily mean all firms will start to look the same.
April 22 -
An industry recruiter said the Bank of America subsidiary has become almost "unhinged" with the amount of money it's willing to offer advisors it's recruiting.
April 19 -
The Bank of America wealth management subsidiary joins Morgan Stanley and Wells Fargo in no longer divulging how many financial planners it has on the payroll.
April 16 -
The firm's wealth management business saw strong new assets inflows in the first quarter, particularly from its business catering to family offices.
April 16 -
Executives say the results show the wisdom of the firm's deliberate decision to focus on high net worth clients.
April 15 -
The banking giant nonetheless saw strong growth in net new assets in the first quarter and a 14% jump in returns from asset management fees.
April 12 -
An expungement lawyer contends firms have an incentive to tar the reputation of departing brokers in an attempt to retain assets under management.
April 11 -
Survey results from the payment processing firm AdvicePay suggest fee-for-service models for financial planning continues to grow.
April 11 -
The broker-dealer watchdog is putting the industry on notice about the latest scheme attempting to extract client information.
April 5 -
Having hit most of the big Wall Street firms with hefty fines for misusing WhatsApp and similar services, regulators are now turning their attention to independent advisors.
April 4 -
The lawyers representing the claimants in a recent FINRA arbitration case say they have scores of clients still seeking to secure pay they contend they're owed after departing for another firm.
April 3 -
The case is the latest to emphasize advisors' obligations to let investors know when they receive money for recommending certain mutual fund products.
April 2 -
The team builds momentum for the firm's recruiting efforts in the West.
April 1 -
Some wealth managers see themselves as playing a distinct role in helping investors navigate the treacherous waters of private equity, credit and real estate.
March 21 -
Alison Nest says wealth managers can play a particularly useful role in helping investors navigate the intricacies of private equity, private credit and similar investments.
March 20 -
Paul Reilly is scheduled to hand the reins to his chief financial officer Paul Shoukry next year.
March 19 -
It's not that most firms lack distinct services and a distinct character. It's that so many are bad at conveying these traits to potential clients.
March 19 -
Financial advice is a crowded field. Experts offer techniques to find new clients and distinguish your business.
March 19
