Raymond James has recruited the Sunshine Financial Group from Morgan Stanley. Sunshine has $204 million in client assets and annual commissions and fees of approximately $1.5 million, reports Financial-Planning.com.

Regulatory efforts to ramp-up ethical standards for advisers at broker-dealers and to determine examination frequency for advisors who register with the Securities Exchange Commission are likely to be delayed while new leaders take charge of the U.S. House of Representatives Financial Services Committee and the U.S. Senate Committee on Banking, Housing and Urban Affairs. So Reuters reports.

In a recent Fidelity Investments study, 43% of survey respondents said their advisors did not earn their keep in 2012. So reports InvestmentNews. Read more...