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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Level Four Group recruited a wealth program from its onetime brokerage as it made progress on its goal of doubling in size by 2025.
May 1 -
Betsy Jo Merritt accused regional directors of undermining her succession plan and causing the loss of millions of dollars in damages.
April 28 -
BMO's acquisition of Bank of the West is delivering the firm its seventh recruiting or M&A move of at least $1 billion in 2023.
April 28 -
A pair of veteran brokers and six other defendants face hundreds of felony counts in a long-developing state enforcement case out of Toledo, Ohio.
April 27 -
CEO Jamie Price pledged that the consolidation would not prompt "a repapering event" and the firm will work to make the transition as easy as possible.
April 26 -
The firm also sees additional recruiting opportunities at banks and other financial institutions after attracting Comerica Bank's wealth program last month.
April 26 -
Along with co-founder Daniel Guillen, the 30-year veteran of the profession is building a firm that he says has given him his "second wind" for the future.
April 25 -
Only Charles Schwab out of a dozen major wealth management firms answered a series of questions about their clients' increasingly important liquid assets.
April 25 -
Cash sweeps are lucrative to brokerages and custodians, but not to clients. Here's what financial advisors should know about how they can get greater yield for clients' liquid assets.
April 25 -
The giant custodian's parent company, BNY Mellon, is working on how best to help it work together with its other businesses, CEO Robin Vince said.
April 20 -
The founder of a firm that reportedly worked with 13 of the past 15 Super Bowl halftime performers says the transaction undercut the monetization of his company.
April 19 -
CEO David Solomon sees potential for business in the wake of a merger involving two of its rivals for business among the ultrawealthy, he told analysts.
April 18 -
CG Advisor Network leaves Geneos Wealth and changes its primary custodian from Schwab's TD Ameritrade.
April 18 -
YorkBridge Wealth, which has $1 billion in client assets, brings a team of a half dozen employees under two founding ex-wirehouse advisors.
April 17 -
The firm followed rival wirehouses that no longer share their exact number of brokers, which is a critical metric for industry recruiting trends.
April 17 -
The case offered the latest example of a serious prison term for financial exploitation of older adults — a problem experts say is even bigger than the sobering statistics.
April 13 -
CEO Jamie Price's team is considering a range of potential strategies that could represent significant changes to the private equity-backed firm.
April 12 -
Lehman & DeRafelo offers another example of a big RIA seeking a larger partner despite turbulent economic conditions and some signs of an M&A slowdown.
April 11 -
The firm will compete against a growing group of rivals, but its founders expect to attract a billion-dollar advisory firm by the end of the year.
April 10 -
The midsize wealth management firm with 250 advisors chose to be an independent subsidiary rather than folding into a private equity firm or an RIA aggregator.
April 10
