LPL Financial (LPLA) said Thursday that its total advisory and brokerage assets increased to $1.823 trillion at the end of February, up from $1.812 trillion a month ago.

The assets grew 29.9% from $1.403 trillion at the end of February 2024, according to the company.

Total net new assets stood at $24.5 billion during the month including $700 million of acquired assets and $23.8 billion of organic assets.

The company said its total client cash balances stood at $51.3 billion down from $52.2 billion a month ago.