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 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 -
It’s one of the largest recruiting moves of the year in the independent broker-dealer sector.
November 16 -
Five firms agreed to pay $3 million to settle an SEC investigation into unsuitable sales of complex exchange-traded products.
November 16 -
The 40-advisor OSJ brings more than double the assets of any other new group unveiled across the IBD network in 2020.
November 11 -
Opening a bank or investment account — or even securing employment in a racism-free workplace — is out of reach for many Black Americans.
November 9 -
But the regulator also ordered record payouts in 2020, including restitution through a self-reporting program that drew industry ire.
November 5 -
The private equity-backed firm’s bottom line has been less affected by coronavirus-related low interest rates than its rivals, Moody’s says.
November 4 -
CEO Dan Arnold cites growth in traditional channels and in recently launched models that could bring even more opportunities.
November 3 -
Even with those challenges, rep productivity and client cash balances expanded in the third quarter.
October 30 -
CEO Jamie Price says the change will reduce potential conflicts of interest related to transaction fees and come with lower prices in wrap accounts.
October 29 -
The nation’s largest IBD made its first tech deal this year for a firm that has $120 billion in assets on its platform.
October 27
