LPL Financial Reports a Rise in October Brokerage & Advisory Assets

Core Insights - LPL Financial (LPLA) experienced a 1.6% increase in total brokerage and advisory assets in October 2025, reaching $2.35 trillion, which is a 40.5% increase year over year [1][9] Performance Breakdown - Brokerage assets totaled $976.8 billion, reflecting a 1% increase from September 2025 and a 28.1% increase year over year [2] - Advisory assets amounted to $1.37 trillion, rising 2% from the previous month and 50.9% from October 2024 [2] Net New Assets - Total organic net new assets (NNAs) were $7.3 billion, which included $0.7 billion from First Horizon Bank and $0.5 billion of off-boarded assets due to a planned separation [3] Client Cash Balance - LPL Financial reported a total client cash balance of $54.9 billion in October 2025, down 1.6% from the prior month but up 13.7% from October 2024 [4] Company Outlook - The company is expected to maintain strong advisor productivity and recruiting efforts, which will likely support advisory revenues [5] - There are concerns regarding the performance of capital markets and substantial goodwill on the balance sheet [5] Peer Comparison - Charles Schwab (SCHW) reported total client assets of $11.83 trillion, up 20.1% year over year, with core NNAs of $44.4 billion [11] - Interactive Brokers Group, Inc. (IBKR) saw a 58.4% increase in client Daily Average Revenue Trades (DARTs) year over year [12]