Toby is a veteran journalist with more than a dozen years of experience in the field who joined Financial Planning in 2017 after prior tenures with the New York Daily News, Commercial Observer and City Limits. He earned an undergraduate degree in the humanities from the University of Texas at Austin and a master's degree in journalism from the Craig Newmark Graduate School of Journalism at the City University of New York. He has won a dozen business journalism awards during his time with Financial Planning, including those received for the 2020 podcast series "
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Many Americans' troubled relationships with money stem from the country's racial history — with the atrocities in Oklahoma on two days in 1921 just one example of systematic theft.
May 29 -
With a warning that spoiler alerts are plentiful, FP asked professionals for their thoughts on the hit series and found many parallels with common industry issues.
May 25 -
The No. 1 independent brokerage has boosted the number of brokers it recruits to financial institutions each quarter, its top recruiter in the channel tells FP.
May 24 -
Douglas Hawkins sold more than $2 million in risky alternative investments without even providing his clients a prospectus, investigators said.
May 23 -
Happy State Bank's move after Centennial Bank's acquisition of the firm highlights frenzied action in a large but still relatively nascent channel of the industry.
May 19 -
More than a half dozen financial advisors say that parents should start conversations about higher education with their children in middle school.
May 18 -
Central Pennsylvania-based Domani Wealth sought a partner that could provide more resources to its clients and its 23-person team.
May 17 -
Moody's upgraded the firm's debt rating, but rivals are likely to pounce if service from the corporate office deteriorates during a complex and lengthy transition.
May 16 -
Founder Mac Gardner and student leaders say they're trying to break down barriers from lack of financial literacy and knowledge of the profession.
May 15 -
True Capital Management founders Doug Raetz and Heather Goodman merged into the multifamily office three years after an affiliate's capital infusion.
May 15 -
Five financial advisors left Lakeland Bank and Raymond James for Affinity Federal Credit Union prior to the $1.3 billion acquisition of their prior institution.
May 11 -
Jenny Souza, Jen Abboud-Smith and Liz Nesvold respectively took over newly created roles and the CEO post at a major investor in the industry.
May 10 -
The firm picked up net gains in its ranks of brokers after two years of declines — which also helped it add more than $32 billion in net new assets in the first quarter.
May 9 -
CEO Michael Tiedemann explains why the family office and asset management firm took a different path in an increasingly privately held industry.
May 9 -
Planner Jennifer McCosley joined the RIA with about $28 billion in assets under advisement across 45 locations.
May 9 -
One of the largest fee-only advisory firms in the country picked up a team that has grown by a factor of 9 over the past three decades.
May 8 -
Morgan Stanley supplanted JPMorgan Chase atop the rankings of the biggest compensation for head executives across wealth management.
May 5 -
In what may be the firm's last earnings call before being acquired by private equity firm Clayton, Dubilier & Rice, CEO Rudy Adolf praised Focus' RIA partners.
May 4 -
The former United Capital and Goldman Sachs executives who founded the new RIA consolidator chose Kansas City as the location for their first anchor office.
May 3 -
Planner Pamela Perskie's advisory practice, which serves musicians, NBA players and real estate and private equity executives, left Mariner to start its own firm.
May 2
