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 behind-the-scenes business, cash management services for advisory firms and affluent clients are in the spotlight following the Silicon Valley Bank and Signature Bank implosions.
March 14 -
New technology can speed up advanced planning procedures that used to require hours of manual data entry, according to the advisor and technology entrepreneur.
March 13 -
Managing partner Penny Pennington received lower pay last year due to the declining business.
March 13 -
The ratings agency said the firm's leverage, which is poised to spike from the acquisition, will ultimately decrease this year due to profits from rising interest rates.
March 9 -
At the Future Proof Festival, the firm's vice president of the Global Client Group discussed the $584-billion fund firm's approach to working with advisors.
March 9 -
Adam and Daniel Kaplan kept getting jobs at RIAs despite the disturbing allegations that led to their firings at other firms.
March 8 -
The fintech firm providing ESG data technology gives financial advisors more openings to ask customers about their values and implement them in portfolios.
March 7 -
A SmartAsset list featuring Main Street much more than Wall Street could help planners think about their local markets in a different context.
March 7 -
Five financial advisors with $1.45 billion in client assets and seven support staff members moved to the independent brokerage's breakaway channel.
March 6 -
Despite the double-digit drop in RIA M&A volumes this year and at the firm in 2022, dealmakers say the move will boost its value and available capital.
March 3 -
The previously unreported case reflects shifting dynamics in the channel as the largest tax-focused wealth management firm hits one of its closest rivals with litigation.
March 2 -
The largest independent brokerage's four-year-old Services Group generates a level of business comparable to many midsize wealth management firms.
March 1 -
He spoke at Future Proof just after his company, the largest issuer of exchange-traded products tied to digital assets, received a valuation of $2 billion.
February 28 -
Despite some signals that deal volume is slowing down in 2023, acquirers say the expanding breadth of client needs is driving more consolidation.
February 28 -
A union with nearly 2 million members and other progressive groups say the four giant investment firms "effectively blocked action" on shareholder proposals.
February 27 -
The RIA acquirer's private equity deal followed a year of sharply rising profits despite slumping stocks and bonds in 2022.
February 27 -
FINRA arbitrators approved the expungement of client complaints that had already led to significant payments as the SEC considers a new rule reforming the process.
February 24 -
Financial advisors to servicemembers and veterans can connect them with resources that reduce the mental and financial strain of an aging population.
February 23 -
Liquid assets have often ended up at big banks or in sweep programs, which look much less attractive for clients' yields every time the Fed raises interest rates.
February 22 -
Sequoia Financial Group is one of many buyers tapping into the opportunity, to the tune of more than tripling its size in less than three years.
February 21
