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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A new report from the House Financial Services Committee offers the first ever glimpse into the demographics of the largest fund companies.
December 10 -
Schwab Advisor Services says many advisory firms have yet to deploy some documented best practices to boost their business.
December 9 -
Three firms outperformed the rest in a new J.D. Power study, but the fund companies have some very basic problems.
December 9 -
The wirehouse and its independent arm failed to store millions of documents in the right format over a 17-year span, the regulator says.
December 8 -
In the first hearing for the Social Security 2100 Act, Republican members questioned the legislation’s effectiveness and price tag.
December 7 -
FINRA arbitrators tossed the case alleging negligence and fraudulent misrepresentation based on the wirehouse’s earlier settlement with the estate.
December 6 -
The settlement follows at least three other cases involving the bank-based brokerage’s supervision this year.
December 3 -
The wirehouse’s compensation system will see small changes as brokerages confront their recruiting and retention challenges.
December 2 -
The case revolved around unit investment trusts, the same product that later showed up in a major SEC enforcement action against the brokerage.
December 1 -
Planner Jesse Abercrombie has built a niche of clients whose needs and interactions with the practice are shifting during a time of remote work and new technology.
December 1 -
An arbitrator ordered the minuscule payment despite taking the wirehouse to task in the ruling.
November 30 -
The number of reps is tumbling from the wealth manager’s previous position atop the industry.
November 29 -
Facing a growing number of rivals in the independent channel, the wirehouse is boosting the compensation rate for more than 3,000 reps.
November 29 -
The argument in favor of a formula long supported by advocates gets weaker in light of new data, according to a report by retirement experts.
November 24 -
Amid rising criticism of bans on court filings in wealth management, the firms’ customer agreements are getting as much scrutiny as those of brokerage firms.
November 23 -
Despite standout defamation awards, such as a $13.5 million payout to an ex-UBS rep, advisors and attorneys say firms are abusing their U5 power.
November 22 -
American Friends’ new database joins the expanding research and products on the marketplace, which experts say is at $17 trillion in assets — with room to grow.
November 19 -
Planners can play a direct role by standing up for colleagues and clients who are women or minorities.
November 18 -
In sessions at the CFP Board’s annual Diversity Summit, executives, academics and a member of Congress called on more firms to follow Merrill Lynch’s example.
November 17 -
The firm’s head of acquisition, strategic growth and retention discusses how the wirehouse aims to expand among historically excluded groups.
November 17
