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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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 -
With the recent bull market being driven by just a few companies, many clients are asking: Why wasn't I in that stock? Here's how to answer.
July 11 -
A look at which firms had the biggest loan balances and revenue numbers and the relationship between the two.
July 10 -
The arbitration award comes amid the industry's aggressive push to make sure departing wealth managers pay back money owed on recruiting loans.
July 9 -
Firms that haven't been afraid of generous recruiting offers have shown the greatest growth in recent years.
July 8 -
David Kelly of JPMorgan thinks investors can safely navigate private markets — provided they work with the right managers.
July 3 -
Huntington Investment Company is accusing a former advisor of resigning with no advance notice and then using confidential information to drum business from ex-clients.
July 2 -
With rate cuts still on the horizon, some advisors wonder if it's time to look for returns beyond high-yield savings and money market accounts.
June 28 -
The high court ruling deals a serious blow to a system that critics contended had allowed regulators to act as proverbial judge, jury and executioner.
June 27 -
As more portfolios come to rely on alternative investments, expertise in sorting out good from bad opportunities is becoming more critical.
June 27
