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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Announcements involving Fidelity, LPL, BNY Mellon and other well-known firms signal how talent and capital are shaping the industry's future.
July 14 -
Capital gains distributions running to the hundreds of thousands of dollars hit certain clients with painful payments due to the firm's flub, a regulator says.
July 13 -
Commissioner Hester Peirce said an enforcement matter relating to a million-dollar fraud case fits a “sound” framework for charging compliance officers.
July 13 -
The case offers the latest confusing signal about an industry that forces discrimination cases into arbitration and fights them to the bitter end.
July 11 -
Financial advisor Jennifer Marcontell went independent after more than 20 years with her prior brokerage, which itself is making a major change to its structure.
July 8 -
Wall Street’s regulator is following the recommendations of a little-noticed government watchdog report last year. But it refuses to share the full findings.
July 7 -
Stifel financial advisor killed in mass shooting remembered as ‘ambassador’ of firm’s Chicago office At 88 years old, Stephen Straus still went to work to serve clients every day “not because he had to, but because he wanted to,” the company’s CEO said.
July 7 -
Commonwealth, Edward Jones and Stifel grab top advisor satisfaction marks amid recruiting challenges In J.D. Power's annual survey, a significant portion of wirehouse and independent representatives said they're considering a move to another firm.
July 6 -
A new SE-AWMA designation has added a ninth module or standalone class for professionals working with high net worth clients.
June 30 -
An independent investigation found no evidence of a pact with Wells Fargo’s attorney but omitted mention of the other big questions emanating from the case.
June 29 -
As wealth managers brace for new enforcement cases under Reg BI, a case stemming from conduct four years ago may offer some clues about what’s to come.
June 28 -
An ETF whose issuer had Martina Navratilova and Barney Frank on its board has shut down. What are the lessons for advisors and clients?
June 28 -
With five charts analyzing the latest figures, separate fact from fiction while Congress keeps failing to enact any comprehensive reform.
June 27 -
A panel of FINRA arbitrators unanimously ordered the award against the megabank based on Erin Ann Daly’s claims of gender-based discrimination.
June 26 -
While the firm’s CEO admits it has a long way to go, the group serves as an example of one way to cultivate retention and support.
June 23 -
At FP’s INVEST conference, Julia Carreon and Aaron Klein explained how common misconceptions are clouding wealth managers’ visions for the future.
June 23 -
The private equity-backed firm and other giants of the industry are deploying their capital across new and existing lines of business.
June 22 -
The action against Atria Wealth Solutions’ Western International Securities offers a substantive hint on the future potential matters under the rule.
June 21 -
Speakers at FP’s INVEST Conference explained why recruiting and adoption of new tools loom so large over the future of wealth management.
June 18 -
Ric Edelman, Lori Hardwick and investors shaping the industry’s future give financial advisors an insider’s view.
June 16
