Mark Tibergien
When asked about how the Schwab-TD Ameritrade deal broadly fits into the industry's history, Mark Tibergien — the recently retired head of BNY Mellon Pershing's Advisor Solutions — doesn't skip a beat: "It's really important is to recognize that the business of financial advice goes through a transformation of material change about every decade."
In the 1970s, the discount brokerage emerged with the elimination of fixed-rate commissions, Tibergien explained. In the following decades, there was "the introduction of the independent contractor broker-dealer and the disappearance of big-name brokerage firms like E.F. Hutton, Smith Barney and the names you remember from commercials — so vivid then, and now … they don't exist anymore."
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Janet Levaux
Editor-in-Chief Janet Levaux has covered the financial markets since 1991, with a focus on financial advisors since 2005. After graduating from Yale and the Johns Hopkins School of Advanced International Studies (SAIS), where she studied global economics, Janet worked as a freelance financial and business writer in Japan, and then as a reporter and editor for Investor's Business Daily and the Bay Area News Group in California. She earned an MBA in 2007 and since then has helped lead key ThinkAdvisor projects like its Neal-Award winning reporting on Ken Fisher, Luminaries awards program and Women in Wealth newsletter.
