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 No. 1 IBD’s 2,500-advisor bank channel will add 285 more reps when two massive investment programs affiliate next year.
October 9 -
The advisor allegedly carried out a 20-year scheme defrauding at least 15 clients through forgery and misrepresentations.
October 7 -
The advisor allegedly used an omnibus trading account to help himself and hurt his clients to the tune of tens of thousands of dollars, according to the regulator.
October 5 -
Director tenures, nominations and committees are changing after an independent task force identified weaknesses.
October 1 -
The discrimination case revolves around allegations of disparate treatment in the firm’s agency distribution channels.
October 1 -
These firms oversee more than $185 billion in combined assets.
October 1 -
The firm is maintaining control but dropping its FINRA registration as the sector’s rising expenses and lower margins fuel consolidation.
September 30 -
Actions hit a nine-year high and restitution climbed to the highest total since 2013 — even before the rule’s heightened scrutiny.
September 25 -
Expenses fell by 20 basis points and risk-adjusted returns climbed 92 bps, according to the study.
September 24 -
Bleakley Financial Group also picked up an ex-hedge fund portfolio manager while expanding its national footprint.
September 22 -
The number is behind previous years, but the firm’s new head of business development says independence is more appealing amid the coronavirus.
September 21 -
The No. 1 IBD has completed three of the sector’s 10 largest recruiting moves of the year.
September 18 -
Representation of women and minorities remains “startlingly” low.
September 17 -
CEO Robert Cook has launched a task force and started assessing his own actions, he said in a panel at the Quad-A Vision conference.
September 16 -
More than 60 million Americans could receive slightly higher benefits next year, according to a nonpartisan advocacy group’s new projection.
September 15 -
Threats to the program are multiplying and the coronavirus pandemic is accelerating a reckoning, according to a new analysis.
September 9 -
The firm’s National Financial Services allegedly failed to deliver certain basic information to clients in five public offerings of shares in a fuel cell technology company.
September 8 -
Sales are tumbling and gravitating to different products as Wells Fargo settles a FINRA case and researchers examine the defunct fiduciary rule.
September 3 -
The advisor sold securities out of one account to buy a Camaro ZL1 — then resold the car to the same victim, the regulator alleges.
August 31 -
The president has deferred payroll taxes that fund the program, and says he would eliminate them if elected to a second term.
August 27
