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.
-
New CEO Ted Pick sees little need to change the "wealth management machine" his predecessor helped bring to "escape velocity."
June 10 -
The American Securities Association accuses the industry regulator of violating federal sunshine law for rebuffing its requests for insight into more than $3 billion in recent settlements with Wall Street giants.
June 7 -
An industry lawyer says the firm's liability in a complex insurance-related scam will hinge on what it "should have known" or "must have known."
June 6 -
The St. Louis-based brokerage is also encouraging representatives to become Certified Financial Planners as it experiments with fee-based fiduciary business models.
June 5 -
The latest appointment comes amid Citi's continued overhaul of its executive ranks and wealth business.
June 4 -
The likely more than $1 million award is the latest result from cases arguing that firms' pay policies run afoul of federal retirement law.
June 3 -
The promotion comes as the latest step in the consolidation process that's been ongoing since the $15 billion firm's founding last year.
June 3 -
Brokerages have until June 26 to decide if they want to take part in a pilot program allowing them to continue inspecting their branch office remotely; plus, the rundown on residential supervisory locations
May 31 -
The Toronto-based bank's U.S. subsidiary has taken in $15 billion in asset inflows in the past two years.
May 30 -
The regulatory consultant Hearsay Systems found that financial professionals have increased their production of online videos by nearly threefold. That doesn't mean the message is getting through to the intended audience.
May 29 -
Firms' aggressive pursuit of repayment of recruiting loans is likely a reflection of how massive some recruiting deals have become in recent years.
May 28 -
As incoming president of Raymond James & Associates, Tom Walrond will seek to build on his firm's reputation for stability and advisor choice.
May 23 -
The partners at Pilot Financial have been through only one acquisition in their firm's history — the recent sale of Lincoln Financial's wealth groups to Osaic — and they're not eager to repeat the experience.
May 22 -
The independent broker-dealer giant contends in court that a federal judge went too far in telling a pair of its advisors that they couldn't reach out to clients they had while at TD Bank.
May 21 -
Executives at the megabank's annual Investor Day say artificial intelligence is already saving time by preventing advisors from "hunting and pecking" for market research.
May 20 -
Brokerages and industry lawyers say the conduct standard's key provision is its requirement that advisors consider alternatives to risky and expensive investments.
May 16 -
The ban comes amid heightened regulatory scrutiny of firms' messages on services like WhatsApp and posts on social media sites.
May 15 -
The Wall Street giant distinguishes its custody service by being a pioneer in allowing private equity, private credit and similar investments to be used as collateral for loans to RIA clients.
May 14 -
A newly proposed rule would require firms to verify customers' ID information and check it against government lists of terrorists and criminals.
May 13 -
The mammoth coup far outpaces other recruiting deals of recent memory.
May 10
Load More