Organization Root Tag

A new FINRA report warns firms they should be ready for reviews on their use of digital investment advice tools.

LPL's stock buyback proved to be 'sweet' deal for TPG Capital, The New York Times reports.

The client originally sought $18 million for breach of fiduciary duty and churning among other alleged wrongdoing.

The firm's bottom line was battered by higher expenses and weak revenue growth due in part to recent market volatility.

Brokers' clients received letters from LPL that implied he stole money, over a $20,000 loan he had repaid, lawyer says.

The S&P 500 has fallen 9% since the start of the year as investors have punished stocks over worries about interest rates at home and the economy in China.

LPL CEO Mark Casady expects "continued pressure on brokerage sales."

The group, Hoyt, Lewis, traces its roots to Waddell & Reed before joining LPL.

Depending on what is permissible under the Labor Department's forthcoming rule, "there will have to be adjustments on the part of the advisor and on the part of the firm," CEO Jim Cracchiolo says.

Lightyear Chief Executive Donald Marron is getting a second chance to purchase the insurer's broker-dealer arm.

Marcato Capital has sold more than 1.6M shares so far in January, according to an SEC filing.

Fired adviser Johnny Burris complained the firm forced him to sell unsuitable products to clients, long before it acknowledged to the SEC it “violated the federal securities laws.”

Self-directed investors gave a thumbs up to Charles Schwab, Vanguard, Fidelity and T. Rowe Price in a satisfaction survey of investment firms by J.D. Power. Some firms didn’t fare as well.

Banks' customer-satisfaction ratings are at a 10-year high, according to a new study by J.D. Power. The research firm identified the top-rated banks in each region, and found that the postmillennial generation has a thing for the megabanks.

2 advisor teams, Foran Financial Group and Sweatt & Walters, leave for Raymond James Financial Services.

Fidelity Investments is telling investors and advisors that clients' data appears not to have been captured by the hackers who infiltrated the systems of JPMorgan Chase earlier this year. And while clients aren't yet worried, advisors say, such threats are unlikely to go away.

The SEC has yet to produce or even propose any binding rules regarding cybersecurity, but officials have been sending strong signals that they expect firms of all sizes to put in place policies and procedures to protect sensitive information.

Nearly 2,000 advisors, exhibitors, and asset management industry leaders headed to Chicago for Morningstar's annual investment conference June 18-20. Here, attendees reveal the top takeaways for advisors.

LPL Financial wants its advisors to know that it has heard their complaints and is doing something about them.

BlackRock Inc., the world’s biggest money manager, said second-quarter profit climbed 32% as rising stock markets boosted fees.