LPL Financial Reports Monthly Activity for February 2025

SAN DIEGO, March 20, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC ("LPL Financial"), a wholly owned subsidiary of LPL Financial Holdings Inc. (Nasdaq: LPLA) (the "Company"), today released its monthly activity report for February 2025.

Total advisory and brokerage assets at the end of February were $1.82 trillion, an increase of $11.3 billion, or 0.6%, compared to the end of January 2025.

Total net new assets for February were $24.5 billion, which included $0.7 billion of acquired net new assets.

Total organic net new assets for February were $23.8 billion, translating to a 15.8% annualized growth rate. This included $13.7 billion of assets from Prudential Advisors ("Prudential") and $0.3 billion of assets from Wintrust Investments, LLC and certain private client business at Great Lakes Advisors, LLC (collectively, "Wintrust") that onboarded in February, and $0.2 billion of assets that off-boarded as part of the previously disclosed planned separation from misaligned large OSJs. Prior to these impacts, organic net new assets were $10.0 billion, translating to a 6.6% annualized growth rate.

Total client cash balances at the end of February were $51.3 billion, a decrease of $0.9 billion compared to the end of January 2025. Net buying in February was $14.3 billion.

 
(End of period $ in 
billions, unless noted)      February  January  Change   February  Change 
                               2025     2025        M/M    2024        Y/Y 
Advisory and Brokerage 
Assets 
--------------------------- 
Advisory assets                 995.0    992.4     0.3%     768.4    29.5% 
Brokerage assets                828.2    819.4     1.1%     634.9    30.4% 
                             --------  -------  -------  --------  ------- 
Total Advisory and 
 Brokerage Assets             1,823.1  1,811.8     0.6%   1,403.3    29.9% 
                             --------  -------  -------  --------  ------- 
 
Organic Net New Assets 
--------------------------- 
Organic net new advisory 
 assets                           9.6     13.4      n/m       6.4      n/m 
Organic net new brokerage 
 assets                          14.1     20.5      n/m       0.4      n/m 
                             --------  -------  -------  --------  ------- 
Total Organic Net New 
 Assets                          23.8     34.0      n/m       6.8      n/m 
                             --------  -------  -------  --------  ------- 
 
Acquired Net New Assets 
--------------------------- 
Acquired net new advisory 
 assets                           0.0      0.1      n/m       0.0      n/m 
Acquired net new brokerage 
 assets                           0.7      0.0      n/m       0.0      n/m 
                             --------  -------  -------  --------  ------- 
Total Acquired Net New 
 Assets                           0.7      0.1      n/m       0.0      n/m 
                             --------  -------  -------  --------  ------- 
 
Total Net New Assets 
--------------------------- 
Net new advisory assets           9.6     13.5      n/m       6.4      n/m 
Net new brokerage assets         14.8     20.6      n/m       0.4      n/m 
                             --------  -------  -------  --------  ------- 
Total Net New Assets             24.5     34.1      n/m       6.8      n/m 
                             --------  -------  -------  --------  ------- 
 
Net brokerage to advisory 
 conversions                      1.9      2.1      n/m       1.3      n/m 
 
Client Cash Balances 
--------------------------- 
Insured cash account sweep       35.6     36.2   (1.7%)      33.2     7.2% 
Deposit cash account sweep       10.2     10.0     2.0%       9.0    13.3% 
                             --------  -------  -------  --------  ------- 
   Total Bank Sweep              45.8     46.3   (1.1%)      42.2     8.5% 
Money market sweep                4.0      4.1   (2.4%)       2.3    73.9% 
                             --------  -------  -------  --------  ------- 
   Total Client Cash Sweep 
    Held by Third Parties        49.8     50.4   (1.2%)      44.5    11.9% 
                             --------  -------  -------  --------  ------- 
Client cash account(1)            1.5      1.8  (16.7%)       1.5      --% 
                             --------  -------  -------  --------  ------- 
Total Client Cash Balances       51.3     52.2   (1.7%)      46.0    11.5% 
 
Net buy (sell) activity          14.3     14.5      n/m      13.0      n/m 
 
Market Drivers 
--------------------------- 
S&P 500 Index (end of 
 period)                        5,955    6,041   (1.4%)     5,096    16.8% 
Russell 2000 Index (end of 
 period)                        2,163    2,288   (5.5%)     2,055     5.3% 
Fed Funds daily effective 
 rate (average bps)               433      433      --%       533  (18.8%) 
 
 

For additional information regarding these and other LPL Financial business metrics, please refer to the Company's most recent earnings announcement, which is available in the quarterly results section of investor.lpl.com.

Contacts

Investor Relations

investor.relations@lplfinancial.com

Media Relations

media.relations@lplfinancial.com

About LPL Financial

LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports nearly 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.7 trillion in brokerage and advisory assets on behalf of approximately 6 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

Securities and advisory services offered through LPL Financial LLC ("LPL Financial") and LPL Enterprise, LLC ("LPL Enterprise"), both registered investment advisers and broker-dealers. Member FINRA/SIPC.

Throughout this communication, the terms "financial advisors" and "advisors" are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial or LPL Enterprise.

We routinely disclose information that may be important to shareholders in the "Investor Relations" or "Press Releases" section of our website.

(END) Dow Jones Newswires

March 20, 2025 16:05 ET (20:05 GMT)