The move affects less than 1% of the workforce, according to a Fidelity spokesperson.
The deal will increase BlackRock's ability to offer tax-efficient investment services, especially those relying on options trading, the company said.
The wirehouse's stock hit its highest level since 2008 after an analyst upgraded it to overweight, predicting a revival in deal-making.
Bureau of Labor Statistics data expected to show concentration in limited sectors.
Investors pulled $4.4 billion from the sector through March 6.
The Wall Street stalwart sees 'great certainty for growth'
White House to propose higher taxes, including quadrupling share buyback tax.
Companies will move close to the milestone this year before surpassing it in 2025.
The cryptocurrency is swinging sharply, but will investors hold on?
Global asset manager will instead detail its own plan for climate change.
