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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With teams managing some $9 trillion in client assets expecting to retire over the next 10 years, the results of Cerulli's survey carry massive implications.
December 21 -
The Schwab Benchmarking Study has some concrete advice for advisory firms that need to hire tens of thousands of employees over the next five years.
December 20 -
Advisor Group surpassed LPL at the top of the list, but consolidation, complexity and change remained the key themes in a highly competitive channel in 2022.
December 19 -
The two Black financial advisors dropped their case, but constant litigation in the industry spotlights questions over firms' pledges to change.
December 16 -
Advisor Group, Ameriprise, Cetera, Commonwealth, LPL and Raymond James are getting bigger and streamlining a crowded field of business as they go.
December 15 -
After helping to build up the largest IBD over more than a dozen years each with the firm, they've landed in recruiting and financial advisor support roles.
December 14 -
Planners should start with the basics then take a longer-term view, according to a panel at FP's INVEST: Cryptocurrency for Advisors conference.
December 13 -
The incoming recruits from midsize rival LaSalle St. come as the top IBD sets headcount records and acquires the $40-billion asset Financial Resources Group.
December 13 -
Lawyers see many reasons for concern when discussing the asset class with investors, but not enough to avoid talking about it and learning about it.
December 12 -
A retired dentist won a huge FINRA arbitration award after accusing his best friend and longtime broker of trading in tech stocks without his consent.
December 9 -
Independent financial advisors and wealth management firms are finding methods of collaborating more closely with professionals from other fields.
December 8 -
Bradley Goodbred allegedly defrauded a widow in her 90s through a real estate investment scheme, the latest example of a rising number of scams targeting seniors.
December 7 -
The bank is moving away from direct wealth management services in order to tap into an unmet need for many independent financial advisors, its CEO said.
December 7 -
FINRA accused FSC, Royal Alliance, SagePoint and Woodbury of "negligently omitting material facts" about an alternative asset manager, FINRA said.
December 6 -
The joint project with one of the largest advisory practices in the firm's tax-focused brokerage displays how wealth management firms are backing their OSJs.
December 5 -
The deal follows at least 14 transactions made by the consolidator this year. Other firms are expanding by forgoing M&A in favor of just recruiting financial advisors.
December 1 -
The former CEO of Sanctuary's predecessor firm, financial advisor Mark W. Damer, won a major arbitration award related to his 2019 termination.
December 1 -
Lincoln, Morgan Stanley, Western International must pay combined $1.7 million over supervision cases In two FINRA enforcement cases and an arbitration award, wealth management firms are resolving allegations that they breached their duties.
November 30 -
The megabank's traditional brokerage unit has already paid a FINRA arbitration award and five settlements totaling $47.4 million.
November 29 -
An association spanning 190,000 investment professionals worldwide has weighed into the thorny debate surrounding trading and technology.
November 28
