LPL Financial-LPLA Stock Up as Brokerage and Advisory Assets Grow in October

LPL Financial (LPLA) shares jumped 3.1% since last week’s announcement of a rise in total brokerage and advisory assets at the end of October 2024. The metric was $1.67 trillion, which grew 5.1% from the prior month and 37.2% year over year. The rise was driven by robust market performance and the acquisition of Atria Wealth Solutions, Inc.Of LPLA’s total assets, brokerage assets were$ 762.7 billion and advisory assets amounted to $910.6 billion. Brokerage assets jumped 8.9% from September 2024 and 34.8% ye ...