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 largest firms enjoy distinct advantages, to be sure. But many small and midsize independent wealth management firms have an edge, too.
August 14 -
The trio of financial advisors cited the needs of ensemble advisory practices, succession resources and the option to convert to a hybrid RIA model someday.
August 13 -
Planners can help savers avoid higher taxes, IRS penalties and Medicare headaches by guiding them through the strict guidelines for the accounts.
August 12 -
The latest push-pull episode between the giant firm and its large branches came to light in its earnings call. Unanswered questions loom large for its future.
August 9 -
Baseball cards, sneakers, cars, antiques and stuffed animals could sell for a lot of money, or such collections could be a time suck and an emotional drain.
August 8 -
Heirs and their financial advisors should start figuring out how to minimize the tax impact of the end of the so-called stretch strategy, experts said.
August 7 -
Mutual funds are losing assets, while ETFs are gaining them. Here's a look at how a pioneering firm has adjusted to a difficult environment in recent years.
August 6 -
The planning strategies for large individual equity holdings pose tax, investment and behavioral questions for financial advisors and their customers.
August 5 -
With shares in the acquirer growing as a percentage of the consideration, the rollovers pose important practice management, tax and business implications.
August 1 -
Decisions granting a stay during industry lawsuits challenging the regulation point to a high bar of judicial scrutiny.
July 31 -
Despite the notion that an ESG backlash is pushing clients away, private equity products aiming to solve challenging problems through investments are still on the rise.
July 30 -
With the exact timeline and eventual destination unclear, the private equity-backed firm was revealed as one of two major OSJs departing from LPL.
July 30 -
As a growing area of expense, the impact to budgets and financial plans merits a discussion, according to experts. Here's a mini guide to the key considerations.
July 29 -
The surprise announcement of their exit distracted from some record metrics and the firm's indication that it will be keeping its cash sweep yields the same.
July 26 -
Opponents of the new regulation won a legal victory in a ruling that places it in a stay during their lawsuit challenging the legality of the changes to ERISA.
July 26 -
This year's election and a potential replacement doctrine with unclear boundaries could ultimately determine the fate of Labor's retirement advice rule.
July 24 -
Another private equity investor placed a large bet on wealth management as the latest insurer to sell its industry holdings spun off an attractive asset.
July 23 -
After prospects become customers, planners have many questions. Here's a look at a somewhat painful yet pivotal phase of the relationship.
July 23 -
While she has promoted the Biden administration's policies, she has campaigned on ideas that are more far-reaching in scope than the president's plans.
July 22 -
A traditional focus of organic growth efforts is receding in importance for prospective customers — making a strong online footprint a requirement, experts say.
July 19
