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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Reformers and supporters of the existing system are already lining up on either side of the fight as the regulator follows up on its pledges to pursue changes.
August 10 -
Al Jacobi followed his longtime business partner out the door from a bank with a large wealth arm that pulled out of an acquisition agreement earlier this year.
August 9 -
Securities arbitration experts say the Investor Justice Act would represent the SEC's first recurring grants for free counsel that's sorely missing.
August 8 -
Profit plummeted in the second quarter as economic conditions and rising expenses took a toll on the firm's results.
August 8 -
Three new incoming partner firms have brought $9.5 billion in combined client assets and $50 million in annual revenue this year.
August 4 -
The publicly traded holding company completed the latest of more than 1,000 brokerage shutdowns in the past decade.
August 4 -
CEO Dan Arnold says the firm is eyeing continued records in its headcount, despite the usual dropoff in broker moves during downturns.
August 4 -
The regulator provided a detailed listing of practices subject to tougher client-care standards for disclosure or outright elimination.
August 3 -
Two Securities America brokers and their firm must pay the large award after a case that leaves many unanswered questions.
August 2 -
The giant custodian's practice management team homes in on a metric that experts say often gets ignored by financial advisors.
August 1 -
The independent hybrid RIA is “one big firm whose business model has changed,” CEO Paul Reilly said on the company’s second-quarter earnings call.
July 28 -
SmartAsset tracked “organic” growth to see which advisor firms added the most clients and AUM over the past three years.
July 28 -
CEO Jim Cracchiolo views incoming advisors as “a continued good opportunity” for the firm, he told analysts on an earnings call.
July 27 -
A Mexican-American couple who sought safety and diversification north of the border say they found fraud, negligent supervision and concealment.
July 27 -
Lower advisory assets and regulatory matters combined to offset the wirehouse’s rising interest revenue in the second quarter.
July 26 -
The RIA’s customers didn’t receive adequate explanation of its conflicts of interest from no-transaction-fee mutual funds, the regulator says.
July 25 -
Financial advisors and other experts share their best tips for confronting a challenge faced by every practice in the industry.
July 25 -
Enforcement Director Gurbir Grewal said the answer to the question of whether the rule has changed anything “remains to be seen.”
July 22 -
The Financial Services Network viewed its relationship to LPL as a “dealbreaker.” So Marty Bicknell’s giant RIA is making room.
July 21 -
CEO Solomon tells an earnings call that the firm will focus on expanding areas such as its RIA custody arm in the future, after two big acquisitions in recent years.
July 20
