Michael Thrasher

Dan Timm, one of Edward Jones' most senior and longstanding employees, is retiring from the company after 36 years.

There were a record 52 mergers or acquisitions involving RIAs in the second quarter, up from a previous high of 49 in the first quarter of the year, according to Echelon Partners.

The Financial Planning Association, whose membership includes thousands of CFPs, wants the CFP Board to delay enforcement to coincide with new SEC rules.

Perhaps unsurprisingly brokers are choosing to start or join RIAs because they want more control and better compensation.

In a letter Tuesday, the American Securities Association accused the CFP Board of subverting the SEC's authority.

The acquisition of John D. Dovich & Associates, a Cincinnati-based RIA with nearly $600 million in client assets, brings MAI Capital Management closer to becoming a national firm.

LPL failed to register 651 advisors in the state and notify regulators of almost 800 reportable events, according to the state securities regulator.

The TAMP plans to raise up to $100 million to pay down debt and acquire other businesses.