News & Events zu LPL Financial Holdings Inc (LPLA)LPLALPL Financial Holdings Inc

LPL Financial Client Assets Decrease to $2.55 Trillion in July

LPL Financial released its monthly activity report for July. Total client assets at the end of July were $2.55T, a decrease of $16.1B, or 0.6%, compared to the end of June. Advisory assets as a percentage of total assets increased to 60.6%, up from 55.5% a year ago. Total organic net new assets for July were $7.4B, translating to a 3.5% annualized growth rate. Total client cash balances at the end of July were $54.3B, a decrease of $2.6B compared to the end of June. Net buying in July was $14.7B.

LPL Financial Reports Q2 Revenue of $5.19B, Beating Expectations

Reports Q2 revenue $5.19B, consensus $5.02B. "After an outstanding start to the year, we continued our momentum in the second quarter, delivering another quarter of strong performance and results," said Rich Steinmeier, CEO. "We remain focused on our strategic priorities, and are on track to onboard Commonwealth later this year. Underscoring the exceptional work and dedication of our teams, JD Power recognized both Commonwealth and LPL as the top-ranked firms for independent advisor satisfaction. This is a reflection of the complementary cultures we're bringing together and the unparalleled value we deliver to advisors and their clients."

LPL Financial's Client Assets Rise to $2.55T in May

LPL Financial released its monthly activity report for May. Total client assets at the end of May were $2.55T, an increase of $76.9B, or 3.1%, compared to the end of April. Advisory assets as a percentage of total assets increased to 60.2%, up from 55.1% a year ago.