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 RIA aggregator has closed or announced more than 30 transactions in 2021, and Rudy Adolf’s team sees the greatest opportunity among its traditional M&A targets.
November 5 -
Wealth managers operating as broker-dealers are still offering the same “complex, costly and risky” products without enough disclosure, NASAA’s report found.
November 4 -
ACG, the founding practice of a midsize firm, will keep some ties in place as it seeks further expansion under one of the most active acquirers in wealth management.
November 3 -
The startup founder shares the key lessons learned from remote work and what led to the creation of a new FPA Knowledge Circle group.
November 3 -
At SIFMA’s annual conference, Charles Schwab CEO Walt Bettinger warned about potential overreach when it comes to regulating payments for order flow.
November 2 -
Advisors and clients can now track the performance of companies moving away from the “toxic and dangerous ways” of the past, according to the founders.
November 1 -
As independent wealth managers pitch potential recruits on their scale, the IBD network built tools and hired “growth officers” to work with practices.
November 1 -
Hundreds more financial advisors have flocked to the wealth manager this year, driving new highs in headcount, client assets and several other metrics.
October 29 -
Expenses relating to recruiting and M&A rose at a faster clip than revenue, prompting one analyst to downgrade the company’s stock.
October 29 -
CEO Ron Kruszewski predicted its independent arm will grow the way the employee brokerage has since the firm hired its first financial advisor in 1997.
October 28 -
The wealth manager’s financial advisor headcount is rising, along with the productivity of their practices.
October 28 -
The trade group launched the program in April, offering advisors and their teams and families coverage “at a fraction of the cost.”
October 27 -
One firm made three small changes that could appeal to brokers, while the other company’s overhaul will make it more closely resemble its competitors’ setups.
October 27 -
U.S. Rep. John Larson’s legislation would increase benefits for the first time in 50 years, but it’s one of the two competing approaches attracting support.
October 26 -
Despite the continuing smaller financial advisor headcount at the wirehouse, it reeled in record profits and unveiled its latest plans for further expansion.
October 26 -
The public record designed to give clients a means of researching their advisor has no mention of some allegations, such as those against Eileen Cure.
October 25 -
Despite the strict guidelines, it’s not clear that the new regulation made any impact at all on an increasingly common feedback and evaluation method.
October 25 -
Seven former Wells Fargo Private Bank planners left to join a firm seeking to expand where they say large banks and brokerages have pulled back.
October 22 -
A quartet of advisors with $400 million in assets chose the independent firm out of many suitors.
October 22 -
Giant wealth managers and megabanks have a long way to go if they’re truly going to set a new course for the industry’s relationship to a historically excluded group.
October 21
