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.
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