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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CEO Dan Arnold pledged new tech-enhanced support for advisors as part of a larger cultural transformation.
February 1 -
A new FINRA initiative to root out breaches of supervisory rules on 529 plans provoked criticism from the IBD advocacy group.
January 31 -
In an unusually frank discussion, women executives from five major firms urged the industry to get involved in educating young people about wealth management.
January 30 -
The network’s largest subsidiary will support fee-only advisors, and one of its smaller firms is targeting five times its level of recruitment from 2018.
January 29 -
The W Source expects to reach more than 40 chapters over the next three months, creating referral groups of hundreds of professionals.
January 25 -
The No. 1 IBD requested that other variable writers “contractually reaffirm their commitments to protecting trails,” an executive says.
January 24 -
Royal Alliance must pay more than $2.5 million to one ex-client while dealing with charges against the firm and a former rep by William Galvin’s office.
January 24 -
Private Advisor Group unveiled a new team with $175 million in client assets, while Integrated Financial Partners says it grew by $900 million in 2018.
January 23 -
Financial advisors and their firms are providing zero-interest loans, free counseling and fresh ideas for some 800,000 federal workers going without pay.
January 18 -
An analyst expects “solid” recruiting figures for the fourth quarter after the No. 1 IBD added the five-advisor group plus an ex-Raymond James bank program.
January 17 -
The five new advisors kicked off recruiting in 2019 for the No. 4 IBD after it set a record in the previous year.
January 16 -
Many NEXT Financial reps would cash out their company shares while it boosts technology under a deal with Atria Wealth, the parties say.
January 14 -
The retirement plan-focused group’s new OSJ had left the No. 1 IBD in 2017 and will grow to 160 advisors under the move.
January 11 -
The growing number of commission-free planners at IBDs doesn't necessarily fit the industry’s accepted definition, or its traditional categories.
January 11 -
Private Advisor Group is “cautiously optimistic” it could recruit a dozen teams with about $500 million in AUM each this year, an executive says.
January 10 -
The LearnVest founder left the insurance giant and No. 6 IBD, in her latest surprise move after the firm shut down the startup’s online planning services.
January 9 -
The deal for Next Financial would grow the firm's portfolio in the sector to nearly 2,000 reps.
January 8 -
The No. 1 IBD is marshaling transition assistance, technology and other resources toward recruiting success across the firm and its bank channel.
January 4 -
Investigators say the onetime FiNet branch manager preyed on “particularly vulnerable” clients, including several with dementia.
January 2 -
The IBD network’s parent repurchased the majority of Dr. Phillip Frost’s shares just before the SEC filed proposed settlements of its pump-and-dump case.
December 31
