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 independent hybrid RIA is “one big firm whose business model has changed,” CEO Paul Reilly said on the company’s second-quarter earnings call.
July 28 -
SmartAsset tracked “organic” growth to see which advisor firms added the most clients and AUM over the past three years.
July 28 -
CEO Jim Cracchiolo views incoming advisors as “a continued good opportunity” for the firm, he told analysts on an earnings call.
July 27 -
A Mexican-American couple who sought safety and diversification north of the border say they found fraud, negligent supervision and concealment.
July 27 -
Lower advisory assets and regulatory matters combined to offset the wirehouse’s rising interest revenue in the second quarter.
July 26 -
The RIA’s customers didn’t receive adequate explanation of its conflicts of interest from no-transaction-fee mutual funds, the regulator says.
July 25 -
Financial advisors and other experts share their best tips for confronting a challenge faced by every practice in the industry.
July 25 -
Enforcement Director Gurbir Grewal said the answer to the question of whether the rule has changed anything “remains to be seen.”
July 22 -
The Financial Services Network viewed its relationship to LPL as a “dealbreaker.” So Marty Bicknell’s giant RIA is making room.
July 21 -
CEO Solomon tells an earnings call that the firm will focus on expanding areas such as its RIA custody arm in the future, after two big acquisitions in recent years.
July 20 -
‘Equi-vest’ account statements sent to a million public school teachers and other 403(b) and 457(b) clients were missing nearly all of the expenses, the regulator says.
July 20 -
The BNY Mellon subsidiary and another of the megabank’s units are collaborating on a new retirement tool for six million plan participants.
July 19 -
In the latest sign of big wealth managers displaying some flexibility, Marty Bicknell’s team unveiled another collaboration with a firm often considered a rival.
July 19 -
Nearly 1,000 more advisory firms registered with the SEC last year, pushing their combined AUM above $128 trillion, according to an annual study.
July 18 -
The megabank’s CEO says consumers are “in great shape,” even though many fear a recession is on the horizon like a gathering storm.
July 14 -
Announcements involving Fidelity, LPL, BNY Mellon and other well-known firms signal how talent and capital are shaping the industry's future.
July 14 -
Capital gains distributions running to the hundreds of thousands of dollars hit certain clients with painful payments due to the firm's flub, a regulator says.
July 13 -
Commissioner Hester Peirce said an enforcement matter relating to a million-dollar fraud case fits a “sound” framework for charging compliance officers.
July 13 -
The case offers the latest confusing signal about an industry that forces discrimination cases into arbitration and fights them to the bitter end.
July 11 -
Financial advisor Jennifer Marcontell went independent after more than 20 years with her prior brokerage, which itself is making a major change to its structure.
July 8
