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 barred broker’s alleged version of the “infinite banking” strategy recommended that clients liquidate their 401(k)s or IRAs to buy variable annuities.
May 13 -
At FP’s INVEST conference, executives from major firms explained how the coronavirus has altered the advisor and client experience for the long term.
May 12 -
With Edward Jones poised to settle a racial discrimination class action for $34 million, what does the case say about the state of diversity and inclusion in wealth management?
May 12 -
The Senior Citizens League made its forecast amid inflation fears and as advocates criticize the formula for calculating the annual adjustment.
May 12 -
After its industry-leading headcount dipped slightly during the temporary ban, the wealth manager plans to offer more resources for incoming recruits.
May 10 -
The RIA completed seven transactions in the first quarter, along with starting a new international venture in partnership with the billionaire Hinduja family.
May 10 -
The team managed $1.5 billion in client assets with Merrill Lynch, and they chose an RIA with ties to the wirehouse working in its favor.
May 7 -
The tax-focused wealth manager’s parent disclosed lower first-quarter earnings after an eventful period marked by a proxy fight and a reported acquisition offer.
May 7 -
The enterprise could reach more than 50 registered representatives in the next couple of months, depending on how many of them leave MassMutual.
May 6 -
As its advisor headcounts in the W-2 channel have stagnated, Raymond James Advisor Select added a major former UBS quartet.
May 6 -
Peter Mallouk’s firm made its second multi billion-dollar deal in three months after its first private equity infusion last year.
May 5 -
The nation’s largest independent broker-dealer will onboard a substantially higher share of assets and advisors than after its last comparable deal in 2017.
May 5 -
The LPL and Private Advisor Group financial advisor serves on the Connecticut Autism Advisory Council, and he’s an expert in disability planning.
May 5 -
The parties are combining forces to offer other practices a longer term alternative to private equity deals.
May 4 -
Private equity-backed Wealth Enhancement Group unveiled its third largest deal ever and its first location on the West Coast.
May 3 -
More growth is on the way: the No. 1 IBD has one more massive recruiting move and a $300M acquisition to complete.
April 30 -
Despite a competitive fight among wealth managers for advisors, clients and industry AUM rankings, most practices are very small businesses — and some advisors want them to stay that way.
April 30 -
The litigation reveals how wealth managers’ deals with product sponsors work and how one with a former Voya unit went awry.
April 29 -
The policy issues grow more urgent every year, but lawmakers haven’t passed any significant legislation for nearly 4 decades.
April 29 -
The firm’s recruiting is also gaining steam, despite the ongoing impact to its bottom line from low interest rates.
April 28
