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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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 -
Former SEC lawyers say regulators are now likely going through their cases and deciding which are emergencies worth pursuing even if the agency's staffing is severely reduced.
September 28 -
The SEC also alleges the firm's founder invested clients' money through a fund that employed his wife without disclosing the conflict.
September 26 -
The firm stood accused of not having policies to ensure clients' money was invested in keeping with environmental, social and governance goals.
September 25 -
It's not all hard luck and even harder times in country music. Sometimes the songs are about making money — and they can offer some sage advice on what to do with it.
September 22 -
An SEC panel meets to question who should meet the criteria for putting money into complex and possibly risky investments.
September 21 -
Mutual funds will have to take extra care when using terms like ESG, value and growth.
September 20 -
GlennCap and its founder stood accused of directing the best investment returns to clients who paid the most.
September 18 -
The appointment comes as the storied Wall Street dealmaker seeks to build its ultrahigh net worth business while providing support services to independent advisors.
September 14 -
The SEC accused the firm of raising a sixth round of funding even though red flags were popping up left and right.
September 13 -
State regulators discovered fewer deficiencies with investment advisors but some say they could be doing more to protect vulnerable clients.
September 12 -
With market uncertainty still in the air, annuities continue to break sales records. Advisors say they work for some clients, but not all.
September 11 -
Under the proposal, critics argue, investment ads could be considered recommendations triggering advisors' obligation to look out for clients' best interests.
September 7
