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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Recruiters say the moves show how wirehouses will continue to fight an uphill battle as they struggle to keep experienced teams from moving on in the coming year.
January 23 -
Greg Wilson of the Wall Street giant's Asset & Wealth Management unit wants to provide employees with tailored plans using a blend of technology and personal financial coaching.
January 22 -
Industry recruiters see the changes as intended to make client assets and advisory teams "stickier" and to retain executive talent.
January 19 -
The broker-dealer group is questioning the Department of Labor's plans to replace a simpler rule adopted by the Trump Administration to determine when workers qualify as direct employees.
January 18 -
With few new advisors coming into the industry but total U.S. assets growing rapidly, Morgan Stanley, Wells Fargo, Merrill and others are having to up their compensation game and distinguish themselves in other ways if they want to capture a larger share of the wealth pie.
January 17 -
How the big firms compare with each other in their advisor headcounts, assets under management and other attributes.
January 17 -
The firm's wealth and investment unit contributed more than half of the Wall Street giant's profits and revenues for 2023.
January 16 -
The firm's wealth management co-head said that recent changes to its pay grid have been favorably received.
January 12 -
The gains in assets under management come as the banking giant continues to add to its advisor headcount.
January 12 -
Industry group warns that the change to employment status criteria could put up further barriers to Americans' obtaining financial planning services.
January 11 -
Millions of dollars are at stake for dozens of former employees — but the case also raises questions about the federal law governing retirement plans.
January 10 -
The broker-dealer industry's self-regulator warns of risks also related to cryptocurrencies and off-channel communications.
January 9 -
At least one industry consultant thinks the large fintech provider has lost its "innovative spirit" since Bill Crager took over from his fellow founder in 2019.
January 8 -
Amid high interest rates, publicly traded real estate investment trusts have been pummeled the last two years. Analysts meanwhile think their private cousins are in for further correction.
January 4 -
The broker-dealer self-regulator accused the firm of failing to properly record more than 830,000 transactions, among other violations.
January 2 -
Without inflation adjustments to income and net worth criteria, the number of people who qualify to put their money into sophisticated and risky investments has skyrocketed.
December 28 -
Finance gurus see the coming 12 months as a time to dilute concentrations in cash and large firms' stock and consider emerging markets and small caps.
December 27 -
It's cheers for pro bono advisors and people working to diversify the industry, and jeers for planners who defraud the elderly and big firms that let their regulatory responsibilities slip.
December 24 -
Industry watchdogs weren't concerned only about hot topics like artificial intelligence and cybersecurity but also remote work policies and the ability of brokers to clear their names.
December 22 -
Electronic messaging, Reg BI, crypto and fraud all appeared at the top of regulators' agenda this past year.
December 19
