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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Chairman Gary Gensler draws attention to high-profile cases over WhatsApp and other messenger communications as well as the need for crypto regulation.
October 26 -
The firm's total advisor headcount holds steady while its assets under management swell to $816 billion.
October 26 -
The firm's bottom line took a one-time hit from legal expenses even as it recruited advisors and added to its assets.
October 25 -
A new report by the investor advocate bar finds most brokers seeking purges of past customer complaints go unchallenged by securities watchdogs and aggrieved clients.
October 24 -
The top executive at BNY Mellon's custody and clearing subsidiary sets his sights on enabling advisors to spend less time doing mundane tasks in the "swivel chair" and more working with clients.
October 20 -
The nine-person team specializes in working with ultrahigh net worth clients, including private equity partners and company executives.
October 20 -
Regulators promise to pay special attention to how firms are using technology to not only guide investments but also to protect client data.
October 19 -
Company executives also called attention to the firm's new wealth management system, Wove.
October 18 -
Morgan Stanley's wealth management inflows slow in third quarter
October 18 -
The leaders of the group specializing in serving high net worth families were seeking to run their business entirely on a fiduciary basis.
October 17 -
The Wall Street giant is staggering under its plan to shift back to serving primarily the ultrawealthy.
October 17 -
The banking and brokerage firm's income also suffered from clients moving money into high-interest-paying money markets.
October 16 -
The banking giant also reported a whopping 36% increase in net income for its banking and wealth management unit.
October 13 -
Planners tout advantages of IRAs, equity investing and delaying retirement for clients worried about inflation.
October 12 -
Firms and industry groups warn that the regulator's proposal for reining in robo-advisors and sophisticated investing algorithms would step on their fiduciary duties and Regulation Best Interest.
October 11 -
The Wall Street giant is seeking to enforce contract clauses meant to keep former employees from working for rival firms or reaching out to clients for six months.
October 5 -
Industry recruiters say offers of shares in advisory firms are hard to value.
October 4 -
FINRA booted Scott Reed from the industry after he went outside his firm to raise money for a software and web development firm.
October 3 -
The Wall Street giant's private bank contends it had advised the plaintiffs against concentrating their money in risky investments.
October 2 -
Perella Weinberg's self-reporting of violations led to a much smaller fine than those imposed on other firms.
September 29
