LPL Financial (LPLA) July Metrics Up 2.1% on Favorable Markets

LPL Financial's (LPLA) total brokerage and advisory assets were $1.53 trillion at the end of July 2024, increasing 2.1% from the prior month and 19.6% year over year. The rise in the company's asset balance from April 2024 was mainly driven by a robust market performance. Of LPLA's total assets, brokerage assets were$ 678.7 billion and advisory assets amounted to $850.6 billion. Brokerage assets grew 1.5% from June 2024 and 14.3% year over year. Likewise, advisory assets rose 2.6% from the previous month an ...