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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They’re grinding forward with changes, even as complicating factors emerge ahead of when the rule takes effect next year.
September 10 -
Even though many of its members weren’t satisfied by the SEC’s rule, NASAA praises the inclusion of a requirement to consider costs in a recommendation.
September 9 -
The IBD trade group launched a public campaign after more than 80 cases this year alleging inadequate disclosure of mutual fund fees and compensation.
September 5 -
The firm’s director of technology and client engagement discusses chatbots, predictive analytic tools and what else is up next for advisors.
September 4 -
The IBD failed to adequately disclose conflicts of interest to clients related to receiving $10.8 million from mutual funds and its clearing broker, the SEC says.
August 30 -
The insurer lost four prominent female executives earlier this year in departures CEO John Schlifske called “a step backward.”
August 29 -
At her new OSJ, Laura LaTourette is teaming up with fellow influential planner Marci Bair to help educate allies and create more avenues for reps to meet.
August 28 -
LIMRA predicts that lower interest rates will cut into the record sales, but two top issuers received IRS rulings they say will help RIAs offer the products.
August 22 -
The firm added an experienced advisor from Wells Fargo after recruiting 72 other tenured reps in the second quarter.
August 21 -
CEO Jamie Price unveiled a three-part “advisor appreciation program” after Reverence Capital closed on a majority stake of the IBD network.
August 20 -
President Adam Antoniades cites record expansion for the year, but the IBD network faces challenges related to recruiting and debt levels.
August 19 -
Bleakley Financial has recruited advisors with $750 million in client assets since January 2018 alongside LPL’s substantial recent grabs.
August 15 -
Newday’s tools include content centered around clients’ issues of focus and, soon, a corn-based compostable debit card.
August 13 -
Critics reject the notion that disclosure alone is sufficient for reigning in conflicts — but the charges against Commonwealth have put BDs on notice.
August 12 -
A barred and terminated former Securities America advisor’s conduct was “appalling, reprehensible and evil,” according to a federal judge.
August 8 -
CEO Philip Sanders admits the past two years of the segment’s overhaul have been “a grind,” but he says it’s now ready to grow.
August 5 -
The stark figures show that only about one-sixth or fewer of the sector’s financial advisors are women.
August 5 -
The firm didn't disclose its conflicts of interest in receiving over $100 million in revenue sharing from mutual funds over nearly five years, the SEC says.
August 1 -
Lightyear Capital sold its majority stake in Wealth Enhancement Group to another wealth management industry entrant.
July 31 -
The freshly recapitalized firm is offering succession services without any custodial or affiliation requirements.
July 30
