LPL Financial Assets Reach $2.43 Trillion with $9.1 B Organic Growth
Total advisory and brokerage assets climbed to $2.43 trillion, up $22.3 billion (0.9%) month-over-month, with advisory assets increasing to 59.3% of the mix from 54.6% a year earlier. Organic net new assets were $9.1 billion (4.5% annualized growth), while client cash balances dipped $0.6 billion to $55.9 billion, with $16.6 billion in net buying.
1. Asset Growth and Composition
LPL Financial ended February with total advisory and brokerage assets of $2.4308 trillion, marking a $22.3 billion (0.9%) increase from January and a 33.3% rise year-over-year. Advisory assets grew to $1,441.6 billion from $1,422.7 billion, while brokerage assets rose to $989.3 billion from $985.8 billion, boosting advisory’s share to 59.3%.
2. Organic and Acquired Net New Assets
Organic net new assets totaled $9.1 billion in February, driven by $10.0 billion in advisory inflows and a $0.9 billion brokerage outflow, equating to a 4.5% annualized growth rate. Acquired net new assets were flat, leaving total net new assets at $9.1 billion versus $4.2 billion in January.
3. Client Cash Balances and Net Buying
Client cash balances fell by $0.6 billion to $55.9 billion, reflecting a $0.5 billion shift from sweep money market funds to purchased funds and net selling pressure. February saw $16.6 billion in net buying activity, up from $13.8 billion the prior month.