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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The four Black planners have worked for some of the largest firms in the industry. Now they've started their own ensemble practice.
October 18 -
The influx during a challenging quarter displays how the wirehouse's three channels are starting to work together in tandem, CEO James Gorman says.
October 17 -
Despite losing more than 500 brokers from its headcount in the third quarter, the wirehouse sees strong recruiting momentum in its pipeline.
October 17 -
CEO Jamie Dimon drove the headlines with predictions about the "kind of odd" economy. Meanwhile, the firm's wealth units quietly added hundreds of recruits.
October 14 -
Rankings compiled through FP's annual RIA Leaders study show how the largest firms are growing at a record clip in offices across the country.
October 14 -
A Centaurus financial advisor racked up hundreds of thousands of dollars in extra commissions through sales of pricey products, the regulator says.
October 12 -
A new study found high rates of stress among professionals in the field, which is adjusting to a growing focus on work-life balance for employees.
October 11 -
The firm has more than doubled in size since it rebranded to its current name and began building on its current model in 2016.
October 6 -
A basic scam victimizing a client who has since been diagnosed with dementia evaded any red flags for eight years, according to the SEC.
October 5 -
Two panels of experts explained why family relationships, financial literacy and trust are so important to the coveted niche of clients.
October 4 -
Names like Wealthspire, EP Wealth, Cresset, Chevy Chase and Moneta ring a bit more familiar compared with other massive firms with less name recognition.
October 3 -
The lack of formal codification and an accurate count of customers leaves the profession struggling with fundamental questions about identifying the true practitioners and their base of clients.
September 30 -
A $775,000 settlement for Waddell & Reed relating to its pre-LPL days displays how the regulator is ramping up enforcement of such cases, experts said.
September 29 -
With the broker behind bars since last year, the firm has paid nearly $2 million in client restitution and a regulatory fine over its mishandling of the account.
September 28 -
Separate announcements by Concurrent Advisors and Private Advisor Group display why flexibility for financial advisors is valuable to growing RIAs.
September 27 -
In a panel at the Quad-A conference, executives from the three major firms explained how they view the industry's path forward on diversity.
September 23 -
A Quad-A panel including a planner, Schwab's asset management arm and a fintech startup debunked myths about a $35 trillion movement.
September 22 -
A nuanced conversation among Black experts from across the financial services displayed how advisors can play a pivotal role.
September 21 -
With big-name sponsors such as J.P. Morgan, LPL, Merrill Lynch and others, the event adopted a theme this year of being "reunited" together after the pandemic.
September 20 -
One of the most active dealmakers in the industry attracted a high net worth practice that chose it out of an expanding group of potential suitors.
September 19
