LPL Financial January Assets Climb 1.6% to $2.41 Trillion
LPL Financial’s total brokerage and advisory assets rose 1.6% sequentially to $2.41 trillion in January, marking a 32.9% year-over-year gain. Brokerage assets reached $985.8 billion and advisory assets hit $1.42 trillion, while net new assets totaled $4.2 billion for the month.
1. January Asset Growth
LPL Financial reported total brokerage and advisory assets of $2.41 trillion in January, up 1.6% from December and 32.9% from January 2025. Brokerage assets totaled $985.8 billion, rising 20.3% year-over-year, while advisory assets reached $1.42 trillion, a 43.4% annual increase.
2. Net New Asset Trends
Net new assets (NNAs) for January were $4.2 billion, down from $8.6 billion in December and $34 billion in January 2025. The sequential decline reflects slower organic inflows despite robust year-over-year asset growth.
3. Client Cash Balance Details
Total client cash balances stood at $56.5 billion, a 7.4% decrease from December but an 8.2% increase year-over-year. Insured cash accounted for $38.2 billion, deposit cash was $14.2 billion, with the remainder in money-market sweep and other holdings.
4. Outlook and Risks
Strong advisor productivity and recruiting support advisory revenue growth, and inorganic expansion may further diversify operations. However, uncertainty in capital markets, elevated operating expenses and substantial goodwill pose risks to future profitability and valuation.