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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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 -
A 38-year veteran financial advisor won a significant award in FINRA arbitration after a brokerage claimed he made unauthorized trades.
May 4 -
Critics of FINRA’s current system for removing client complaints from brokers’ records are seeking to vacate an arbitration award.
May 3 -
The wirehouses respectively ran afoul of requirements related to two industry recordkeeping systems over roughly three years, according to FINRA.
May 3 -
Despite earlier alerts and a wave of cases related to the LJM Preservation & Growth Fund, the regulator sees “continuing” deficiencies.
May 2 -
The wealth programs in the channel are going through a significant shift amid major recruiting moves and consolidation, according to a consultant’s report.
May 2 -
The headwind from equity volatility offset much of the increased business, but CEO Ron Kruszewski is bullish about rising interest rates.
April 29 -
The firm reached records in rep headcount and advisory assets after closing the Charles Stanley deal in the first quarter.
April 28 -
The regulator is asking for adoption of the proposal it put on hold last year while opening discussions for other improvements to the process.
April 28 -
The size of their returns during the past decade belie their negative yields so far this year.
April 28 -
After agreeing to purchase Wealthfront during the first quarter, CEO Ralph Hamers says the firm is eyeing more opportunities in the U.S.
April 26 -
The firm’s financial advisor headcount and its client assets drove up its business in the first quarter, despite the impact of lower asset values.
April 26 -
Taking on the challenges of filling big shoes and finding a new executive director, the practice management consultant has big plans for the organization.
April 25 -
A veteran and service member-focused wealth manager is calling for more partnership with the private sector to boost understanding of money matters.
April 25 -
The new moniker Trutoro reflects a Latin word commonly used by advisory brands and an animal that’s synonymous with investment returns.
April 22 -
First Horizon Advisors resolved a supervisory investigation involving a former rep after its parent firm announced it’s being purchased for $13.4 billion.
April 21 -
Barred broker Dain F. Stokes faces a criminal rap after raising hundreds of thousands of dollars for the phony philanthropic project, investigators say.
April 20 -
The FINRA arbitration decision omits any details or reasoning for the award in a case involving a broker’s email to his former colleagues.
April 20 -
Executives of firms like J.P. Morgan, Morgan Stanley and Bank of America benefited from a stronger market in 2021 that increased incentive pay.
April 19 -
Rushing into the decision can carry painful costs and leave you with a bad fit, according to planners and other experts.
April 18
