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 regulator gave the firm credit for “extraordinary cooperation” despite alleging that its system failed for six years to the tune of more than $13 million.
June 6 -
FPA members and XY Planning Network financial advisors share how they discuss fund yields with clients.
June 2 -
There are signs that the firm’s headcount slippage is slowing, but that may account for reduced earnings due to higher compensation costs.
June 1 -
Laura LaTourette and Ramona Maior are teaming up with the goal of connecting with more planners and allies who share common experiences.
June 1 -
The regulator charged RiverSource with violating a provision of the Investment Company Act that’s never previously been part of an enforcement action.
May 26 -
The wirehouse is making the business case for financial advisors merging their books together, alongside an offer to assist with coaching services.
May 26 -
A major recruiting move and a large acquisition reflect a marketplace that experts say hasn’t been negatively affected by volatility, inflation or rising interest rates.
May 25 -
The growing and varying areas of study are rising in adoption across the industry, long after pioneers first dispelled the myth that investing is just about numbers.
May 24 -
A former executive with the firm claims it and other defendants Schwab, TD and Fidelity are engaging in a conspiracy and violating investor protections.
May 24 -
The firms respectively settled the regulator’s allegations about suspicious activity reports and the duty of best execution — two major areas of emphasis.
May 23 -
Firms like Morgan Stanley, Goldman Sachs and Commonwealth have made changes under the rule, but the SEC is sending tough and vague messages.
May 19 -
A giant wealth manager is expanding its reach in a rapidly consolidating channel of the industry that simultaneously needs to hire a lot more financial advisors.
May 19 -
More financial advisors are accusing independent wealth managers of acting like wirehouses and other employee brokerages upon their departures.
May 18 -
With recent cases as teachable moments on what not to do, two of the top cops on the wealth management beat offer lessons to the industry.
May 17 -
Alternative investments such as leveraged or inverse ETFs, complex exchange-traded products and options remain areas of concern to the regulator.
May 16 -
With a new high in firms and financial advisors in the channel, an increasing array of competitors are pitching themselves as the edge.
May 11 -
A crucial loss of support for a bill co-sponsored by 200 House Democrats reflects the worsening political calculus for fixing the program’s solvency.
May 10 -
Twenty months after a strange attempted theft outside of a New Jersey home, authorities arrested the 28-year-old employee of a Red Bank-based firm.
May 9 -
The tax-focused wealth manager ushered in 85 new financial advisors and record net new advisory assets in the first quarter.
May 5 -
In a panel held by NASAA, experts from giant wealth managers explained how reps and their teams often serve as the first line of defense.
May 4
