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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Here's what advisors at the $2 million production level can expect to earn at large and regional firms
May 2 -
Advisor advocates say they are beginning to look to civil courts and other FINRA alternatives to get erroneous customer complaints removed from their clients' online records.
May 1 -
You'd think making $1 million a year for your firm would be considered a lot. But advisors at that level last year have to bring in a bit more to maintain their take-home pay.
May 1 -
Our continued look at compensation for advisors at different revenue levels considers pay for $600,000-a-year producers.
April 30 -
Wireshouses continue to put the squeeze on advisors at the lower end of the revenue-generation scale.
April 29 -
Many advisors will have to produce more this year to make the same take-home pay as last year, Financial Planning's annual analysis finds, with low producers under pressure to move up the revenue ladder or move on.
April 29 -
The Wall Street giant has been moving away from providing in-house retail investment advice to finding ways it can support smaller firms.
April 26 -
The U.S. Chamber of Commerce and other business groups contend the Federal Trade Commission has exceeded its authority in nullifying contracts that prohibit employees from switching jobs to competitors.
April 24 -
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
