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 bank is moving away from direct wealth management services in order to tap into an unmet need for many independent financial advisors, its CEO said.
December 7 -
FINRA accused FSC, Royal Alliance, SagePoint and Woodbury of "negligently omitting material facts" about an alternative asset manager, FINRA said.
December 6 -
The joint project with one of the largest advisory practices in the firm's tax-focused brokerage displays how wealth management firms are backing their OSJs.
December 5 -
The deal follows at least 14 transactions made by the consolidator this year. Other firms are expanding by forgoing M&A in favor of just recruiting financial advisors.
December 1 -
The former CEO of Sanctuary's predecessor firm, financial advisor Mark W. Damer, won a major arbitration award related to his 2019 termination.
December 1 -
Lincoln, Morgan Stanley, Western International must pay combined $1.7 million over supervision cases In two FINRA enforcement cases and an arbitration award, wealth management firms are resolving allegations that they breached their duties.
November 30 -
The megabank's traditional brokerage unit has already paid a FINRA arbitration award and five settlements totaling $47.4 million.
November 29 -
An association spanning 190,000 investment professionals worldwide has weighed into the thorny debate surrounding trading and technology.
November 28 -
New As You Sow research tracking hundreds of publicly traded firms adds to the many studies finding a positive correlation between diversity and results.
November 23 -
With $4.4 billion in client assets, the regional institution's wealth program follows mega-recruits including M&T Bank, BMO Harris and others.
November 22 -
Choreo's agreement to buy the wealth management arm of a major accounting firm reflects how CPAs and other tax pros have emerged as a key focus area.
November 22 -
For several years after the breakdown of a deal to sell a practice for $3.6 million, the parties have been accusing each other of violating the terms.
November 21 -
Will Wilson brings significant experience to Galway Holdings, including being a former NFL agent and executive familiar with the financial side of sports.
November 18 -
Founder Toussaint Bailey seeks to deploy "a direct indexing experience in the private markets" toward areas such as education, small businesses and sustainability.
November 17 -
Jim Martin launched Nordwand Capital with the help of Dynasty as part of a plan to offer new private venture funds to the firm's ultra-wealthy clients.
November 16 -
Falling stock values pushed down client assets, even as the smaller base of brokers took in a higher amount of incoming holdings than a year ago at this time.
November 15 -
Shareholder advocacy nonprofit As You Sow singled out Berkshire Hathaway as a low performer while giving good marks to CVS, PayPal and Activision Blizzard.
November 14 -
The industry critic joins other profs who became financial advisors. She's serving as the part-time principal of a new practice launched by a longtime friend.
November 11 -
CapWealth Advisors founder Tim Pagliara said a federal jury sided with the firm because its clients had, in fact, paid lower overall fees on their mutual funds.
November 10 -
The deal valued at $140 million plus earnout payments will enable the No. 1 IBD to tap into an OSJ's growth while remaining its brokerage, custodian and RIA.
November 9
