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 rarely dinged firm joined peers grappling with two issues: mutual fund fees and supervision of advisors who've been sanctioned multiple times.
December 6 -
The representative had already been permitted to resign and suspended by state regulators, but the firm lost its case for additional damages.
December 4 -
AdvisoryWorld will operate as an independent subsidiary under the No. 1 IBD while adding new offerings for its 30,000 advisor and institutional clients.
December 3 -
With 27,000 advisors on the move this year in wealth management, the industry remains in a period of flux.
December 3 -
B. Riley is grabbing a majority stake in National Holdings while pledging to be a passive investor in the overhauled firm.
November 30 -
The executive argues the firm’s ownership structure is giving it a leg up — rather than posing the issues for advisors decried by critics.
November 29 -
Executives say valuing friendliness alongside other factors is helping to drive a record $66 million in incoming production this year.
November 28 -
LIMRA now predicts VA purchases to increase for the first time in six years while fixed contracts reach unprecedented levels.
November 26 -
The fully-independent channel remain a competitive threat to IBDs attempting to retain top advisors while dealing with lost revenue.
November 16 -
Tru Independence is partnering with a marketing organization specializing in the commission-free protection space.
November 15 -
President Shawn Mihal unveiled a series of changes to the firm’s compensation grid, field structure and advisory programs.
November 14 -
The advisors retained from shuttering Broker Dealer Financial Services will add more than 80 advisors now able to tap into the buying firm’s offerings.
November 14 -
A civil filing by an IBD seeks damages for firms and reps “who devoted significant time and resources to building a book of business,” an attorney says.
November 13 -
Commonwealth Financial Network is helping advisors convert to full RIA status and, in the opinion of advisors and executives, shedding its traditional label.
November 12 -
The largest IBD unveiled a partnership with the U.S. Army Reserve designed to tap ex-servicemembers and reservists through apprenticeships.
November 12 -
The regulator is living up to its promise to overhaul exams and engage more — and one potential rule in the works would be “monumental," according to the IBD.
November 8 -
The 4,300-advisor network is investing in insurance distribution after benefiting from rising interest rates and record client assets.
November 7 -
CEO Jamie Price and other executives met with some 1,000 prospective advisors after inking one of the largest M&A deals in the IBD space this year.
November 6 -
Investigators say the barred rep diverted more than $1.8 million of her clients’ money for personal use, including on vacations and houses.
November 6 -
A multi-year reorganization of the firm has lowered head count by more than a quarter but boosted productivity by nearly a half.
November 2
