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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Private Advisor Group received capital from Merchant, while Integrated Partners has recruited nearly a dozen practices this year.
December 21 -
The regulator’s frequent reviews display shortcomings in three different areas, according to a new GAO report.
December 17 -
The orders from FINRA and the SEC respectively fault the firms for unsuitable rollovers and deficiencies exposed in a microcap scheme.
December 16 -
Former rep Edward L. Turley has at least five other pending arbitration cases seeking more than $62 million in damages.
December 16 -
A broker and a sales associate from his office face separate cases that have resulted in at least $1.18 million in payouts from their former firm.
December 15 -
The 15-year veteran advisor explains how she identified and built her practice’s base of clients.
December 15 -
The wirehouse aims to retain more advisors with changes it says will reduce complexity and boost incentives for growth.
December 14 -
The U.S. brokerage arm of the Swiss bank must pay damages under a FINRA arbitration case otherwise found to be ‘clearly erroneous.’
December 13 -
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
