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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Amid rising criticism of bans on court filings in wealth management, the firms’ customer agreements are getting as much scrutiny as those of brokerage firms.
November 23 -
Despite standout defamation awards, such as a $13.5 million payout to an ex-UBS rep, advisors and attorneys say firms are abusing their U5 power.
November 22 -
American Friends’ new database joins the expanding research and products on the marketplace, which experts say is at $17 trillion in assets — with room to grow.
November 19 -
Planners can play a direct role by standing up for colleagues and clients who are women or minorities.
November 18 -
In sessions at the CFP Board’s annual Diversity Summit, executives, academics and a member of Congress called on more firms to follow Merrill Lynch’s example.
November 17 -
The firm’s head of acquisition, strategic growth and retention discusses how the wirehouse aims to expand among historically excluded groups.
November 17 -
Another big name in private equity is betting on an independent wealth manager and buying out a minority investor that fueled the RIA consolidator’s expansion.
November 17 -
Tools such as a “recommendation engine” in the works at Envestnet | Yodlee could soon be giving financial advisors an edge with clients.
November 16 -
In the wake of the regulator’s latest risk alert, compliance experts identify several steps advisors can take to stay clear of more cases and deficiencies.
November 15 -
Firms like J.P. Morgan Chase, Stash and M1 are aiming to serve clients with advice and new tools for all ages and income levels.
November 15 -
A Canadian investment manager disclosed the price tag of its minority stake in one of the fastest growing RIA consolidators.
November 12 -
A nonprofit research group compiled a growing list of products amid the question of whether the deluge of information and resources will result in systemic change.
November 11 -
The firm added hundreds more advisors and boosted the number of practices with at least $5 million on its platforms.
November 10 -
A college professor and investment firm partner views real estate and venture funding as a crucial means of building generational wealth.
November 10 -
Higher expenses trimmed the firm’s earnings, but its CEO described $49 billion in assets as only “a drop in the bucket” compared to future adoption among advisors.
November 9 -
As the U.S. commonwealth’s fiscal restructuring awaits court approval, a fixed-income brokerage firm’s CEO is trying to drum up votes — or at least a quorum.
November 9 -
The 25 biggest firms in terms of client assets manage a larger amount than the size of any country’s gross domestic product and a third of the world’s total.
November 8 -
The midsize firm’s headcount fell for the fourth straight quarter, even as nearly every other key metric expanded from the year-ago period.
November 5 -
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
