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 wealth manager whose parent firm also owns an insurer and asset manager settled its third case involving the same time period.
December 23 -
The allegations involving 12b-1 fees, cash sweeps and commissions also include violations of best execution rules.
December 23 -
With an eye on pathways to fee-only practices and away from an “eat what you kill” philosophy, four planners aim to usher in a more diverse profession.
December 22 -
Despite pledges, the IBD network didn’t collect enough data for suitability reviews of the outside transaction for more than five years, according to the regulator.
December 22 -
LPL Financial and indie rivals like Raymond James, Wells Fargo FiNet and Kestra Financial completed at least 17 recruiting grabs of $800 million or more this year.
December 18 -
It’s one of the largest teams to quit a wirehouse this year.
December 14 -
Regulatory shifts, M&A, new technology — there’s a lot on the horizon for the industry.
December 13 -
The OSJ scooped up teams from Edward Jones, Wells Fargo Advisors and Wedbush Securities.
December 11 -
The latest deal by a wealth manager for an employee services firm enables the Raymond James Private Client Group to expand its reach.
December 11 -
Homogeneous industries and male executives are the primary target clients of the new consultancy, Kathleen Zemaitis says.
December 9 -
The flow of assets and capital in manager selection, municipal bonds and business and mortgage capital reveals forms of systemic racism that often get overlooked.
December 7 -
In a bid to attract clients left out by AUM fees, IBDs are enabling advisors to take approaches first made popular in the full RIA channel.
December 1 -
Planners and experts dive into wirehouse pay, charging clients at a higher rate, emerging business models and other key issues.
December 1 -
The low interest rates pushing down sales across most fixed and variable lines are also boosting certain products.
November 25 -
For its next leader, Ohio National turned to a veteran executive with prior experience leading its independent broker-dealer.
November 25 -
One thing was made clear at the annual event: There’s more work to be done.
November 24 -
The No. 1 IBD is responsible for nearly half of the dozen mega-moves in its sector this year.
November 24 -
The hurdles faced by Black professionals who break into the financial services belie the notion that their small numbers at the industry’s top ranks are a pipeline problem.
November 23 -
Necessary new approaches include better cultural understanding, more flexibility for new entrants and more outreach, advisors and executives say.
November 19 -
In a surprise announcement, Private Advisor Group tapped Moore as CEO nearly two years after he left Cetera for undisclosed medical reasons.
November 18
