LPL Financial (LPLA) May Metrics Up From April on Upbeat Markets

LPL Financial's (LPLA) total brokerage and advisory assets were $1.46 trillion at the end of May 2024, increasing 3.6% from the prior month and 23.1% year over year. The rise in the company's asset balance from April 2024 was mainly driven by a robust market performance. Total net new assets (NNAs) were $11.2 billion in the reported month. NNAs were $12 billion in April 2024 and included $5 billion of acquired NNAs from the acquisition of Crown Capital. Notably, in May 2023, NNAs were $8.1 billion. LPL Fina ...