LPL Financial Reports Monthly Activity for May 2024

Total advisory and brokerage assets at the end of May were $1.46 trillion, an increase of $51.4 billion, or 3.6%, compared to the end of April 2024. Total client cash balances at the end of May were $44.5 billion, a decrease of $1.2 billion compared to the end of April 2024. Net buying in May was a record $15.0 billion. Note: Totals may not foot due to rounding. (1) During the first quarter of 2024, the Company updated its definition of client cash account balances to exclude other client payables. Prior pe ...