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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Regulators contend two firms falsely advertised themselves as the first to apply artificial intelligence to investment recommendations.
March 18 -
Jeff McMillan will be in charge of marshaling the firm's investments in artificial intelligence to drive efficiency.
March 15 -
Industry lawyers think the watchdog agency may be handling low-level missteps through informal means and saving the big fines for violations that harm clients or undermine markets.
March 14 -
The legal action also alleges Mark Lamkin's former associates conspired behind his back to prevent him from leaving with his clients.
March 14 -
Industry recruiters still wonder if the regional firm's new recruits bring the experience needed to replace the experienced teams that have been leaving.
March 13 -
A pair of former wealth managers contend they were yelled at and suffered other retribution after raising concerns about sharing clients' information without their knowledge.
March 8 -
The wealth management giant is the latest firm seeking to give investors access to private vehicles that have generally outperformed their public counterparts in recent years.
March 7 -
The Financial Services Institute continues to push for a return to a Trump Administration rule it contends offered clarity in employment questions.
March 6 -
Coverage providers have come to expect that some clients will find fault with their advisors during down markets, whether the blame is warranted or not.
March 5 -
Barry Sommers comes in for high praise amid his firm's attempts to move beyond the banking scandals of its past.
March 1 -
RBC Wealth Management is using technology to sift public records for financial or other signals that clients may have come into money or are looking to transfer assets held away.
February 29 -
A lawyer says the industry has been on notice at least since the "Boom Boom Room" scandal of the 1980s that hostile workplaces won't be tolerated.
February 28 -
An industry report finds the largest independent brokerage, with its supported independence offering, had the biggest net headcount gain last year.
February 27 -
The wealth management giant sees piles of cash waiting "on the sidelines" as a way to boost assets under management and profit margin.
February 22 -
Industry lawyers say the case shows that "half disclosures" of brokers' conflicts of interest won't be enough for regulators.
February 20 -
Debate still rages over his legacy. But there's no doubt about how much O'Neal overcame on his way to becoming the first Black Wall Street CEO.
February 20 -
Christopher Armstrong and Randall Kiefner question an arbitration ruling finding they owe Charles Schwab nearly $3 million.
February 15 -
The proposal comes as regulators say they've seen a fourfold increase in suspicious activity tied to RIAs.
February 14 -
With so many compliance systems on the market, regulators are likely to look askance at firms that don't embrace them.
February 13 -
The move brings the 28-year industry veteran from a firm where independent planners make up less than 5% of the advisory headcount to one where they are the majority.
February 12
