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Private equity firms are jostling to invest in financial advice firms that they think may become cash cows.

The megabank announced second-quarter revenue of $4.1B for the Asset and Wealth Management unit, with net income of $1.2B.

The firms agreed to censures, the settlement payments and to cease-and-desist orders tied to their alleged misconduct.

Raymond James’ advisor employee headcount has remained relatively flat over the last five quarters, while its 1099 channel saw an increase of 3% over the same time period, according to the company’s latest earnings report.

Douglas G. Schultz is a partner in the tax practice at BPM, where he provides tax consultation services emphasizing tax planning for closely held businesses and private clients.

Sarah A. Lynn is a partner in the advisory practice at BPM, one of the 50 largest public accounting and advisory firms in the country, and the partner-in-charge of its IT security advisory services.

The expanding employee channel firm aims to support practice recruiting efforts and help usher in the next generation of advisors.

After buying JustInvest, the low-cost-investing giant has an opportunity to wring fees out of this new alternative to ETFs, writes Allan Roth.

Kristin Kimmell brings decades of experience and notable success as the replacement to the former head recruiter promoted only last year.

The reorganization includes the addition of five managers to focus on business goals and client engagement.