Commission-based compensation

"We fully expect to offer a range of options to help our clients," CEO Paul Reilly said.

Fee-only advisors seek clarification from the DoL on compliance requirements.

News that LPL may be looking for suitors comes at a time of financial pressure for the country's largest independent broker-dealer.

These independent broker-dealers generated the most revenue from commission-based accounts.

Strategies for advisers looking to get the most out of their pay packages, according to two leading industry experts.