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BlackRock plans to cut about 400 jobs in what may be the biggest round of layoffs to date at the world’s largest money manager, according to people with knowledge of the matter.

Mick Hellman, formerly of Hellman & Friedman, is elected unanimously in advance of LPL's annual shareholder meeting.

The executive was a driving force behind the firm's effort to develop bitcoin technology for the industry.

Tidjane Thiam received less pay than his target after the chief executive officer volunteered for a 40% bonus cut as a gesture to beleaguered traders.

In a surprise move on Wednesday, the company went public with its plans to prepare its advisors and financial institutions for the coming regulatory changes.

The broad-based price reductions could force other IBDs out of business, one expert thinks.

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.