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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Stratos Wealth and other OSJs are offering more types of affiliation and equity deals in a bid to stem a competitive threat.
September 5 -
Planners ranging from sole practitioners to the largest OSJ enterprises welcomed the CEO’s comment that the firm's culture was not aligned with its strategy.
September 4 -
The OSJ spans dozens of advisors, and it marks at least the ninth major exit following a change in policies at the No. 1 IBD.
September 4 -
The partners opened their RIA under consultation with a firm founded by former HighTower executives last year.
September 4 -
CEO Rudy Adolf held the RIA acquirer’s first-ever earnings call, following its $564.8 million IPO, but the firm’s calculations drew questions.
August 29 -
Robert Russo says the Independent Advisor Alliance has recruited nearly three dozen IFP reps, and other large enterprises have also made inroads.
August 28 -
The twin brothers launched Platinum Advisor Strategies well before many IBDs started rolling out promotional and coaching services for advisors.
August 27 -
Mutual Securities has added five new affiliated practices this year to grow to 26 teams with more than $1.5 billion in AUM on its corporate RIA.
August 27 -
Revenue from FIAs surged to well over the existing mark in the second quarter, while VAs stabilized after 17 straight quarterly declines.
August 24 -
Retired former CEO Mike Sherzan ran unsuccessfully for Congress in 2016, and he became chairman of the board prior to the deal.
August 23 -
The founding partners spent a combined 54 years with the No. 6 IBD before launching the fee-only firm.
August 22 -
The former MetLife advisors had affiliated with three different IBDs over four years amid the increasing consolidation in the space.
August 22 -
The ongoing shift away from commissionable products is driving major changes in the space.
August 17 -
The IBD network is following its rivals in launching a centralized program on succession planning and acquisitions.
August 16 -
FINRA released internal data in the regulator’s first-ever such report, highlighting changes in the wealth management space.
August 16 -
Clashes over the Labor Department's fiduciary rule have carried over into the debate on the SEC's proposed regulation.
August 14 -
The firms may or may not be vying against one another, but their advisor forces are moving in different directions.
August 8 -
The IBD network disclosed the renewal of its clearing agreement, along with three firms’ intention to self-report possible mutual fund violations to the SEC.
August 8 -
The largest firms’ combined VA and FA revenues hit a three-year low in 2017, but the products still make up a significant portion of their businesses.
August 3 -
Blucora CEO John Clendening says the cuts to head count should taper off by next year, when the firm will have dropped as many as 1,000 reps in 16 months.
August 1
