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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Independent Advisor Alliance also started a robo advisor under Betterment for Advisors after adding more than $2 billion in assets over the past 12 months.
July 15 -
Summit Brokerage Services will fold 450 advisors into one of the 41 OSJ regions under Cetera Advisor Networks this summer.
July 12 -
Two perennial champions retained their top ranks in 2019 — but the aging demographic poses challenges for all firms, according to J.D. Power.
July 10 -
A barred broker told clients the lifestyle media company was about to be acquired, so “they needed to act quickly,” according to the regulator.
July 9 -
Summit Brokerage Services wasn’t feeding the notifications into the transactions blotter while its ownership went into flux, according to the regulator.
July 5 -
Clients seeking to recoup some $14 million in damages have received only 12% of their total claims, according to an SEC-appointed receiver.
July 3 -
The firm's chief has led growth to an expected $1 billion in revenue this year from $7 million in 1998 when she joined. It's a matter of embracing the sector's evolution, she says.
July 1 -
The combined AUM of the top 10 companies has soared by 60% to more than $770 billion over the past five years.
July 1 -
A PKS rep allegedly sold $190 million worth of non-traded REITs and BDCs without disclosing the commissions.
June 28 -
The No. 1 independent broker-dealer failed to properly register more than 650 reps as agents, the prominent state regulator says.
June 26 -
The group added teams from Wells Fargo FiNet and JPMorgan Chase by expanding with an eye toward meeting a need in the marketplace.
June 26 -
The insurance-affiliated firm aims for growth while some counterparts have exited the sector.
June 25 -
The No. 1 IBD has stopped offering the higher-yield funds in its automated bank deposit programs, but it notes they’re easily accessible in investment accounts.
June 19 -
New contracts reached a 10-year high as key stakeholders praised a bill before the U.S. Senate which could expand the products to more 401(k) plans.
June 17 -
The largest increases came from the only firms in the sector reporting jumps of at least 20% or more in 2018.
June 17 -
The firm hopes to follow advisors' lead on what's best for their business in its outsourced advisory models, says CIO Burt White.
June 12 -
The firm is “looking to aggressively compete” by lowering and simplifying the fees on its advisory platforms, a top executive says.
June 10 -
Mainstays of the sector like Commonwealth, Cambridge and Northwestern Mutual are contributing to it, but smaller firms are also driving change.
June 10 -
The No. 1 IBD aims to triple its potential target market reach, in part by adapting some aspects of employee services to independence.
June 7 -
The ex-CEO of a tax-focused firm acquired by the network in 2012 now leads HD Vest and 1st Global following the $180-million deal.
June 5
