LPL Financial Reports Monthly Activity for January 2026

Core Insights - LPL Financial Holdings Inc. reported a total advisory and brokerage assets of $2.41 trillion at the end of January 2026, reflecting an increase of $38.0 billion, or 1.6%, from December 2025 [1][3] - The percentage of advisory assets within total assets rose to 59.1%, up from 54.8% a year ago, indicating a shift towards advisory services [1] Advisory and Brokerage Assets - Advisory assets reached $1,422.7 billion, a month-over-month increase of 2.2% from $1,392.7 billion in December 2025, and a year-over-year increase of 43.4% from $992.4 billion in January 2025 [3] - Brokerage assets totaled $985.8 billion, up 0.8% from $977.9 billion in December 2025, and up 20.3% from $819.4 billion in January 2025 [3] - Total advisory and brokerage assets increased to $2,408.5 billion, a 1.6% rise from $2,370.5 billion in December 2025, and a 32.9% increase from $1,811.8 billion in January 2025 [3] Organic and Acquired Net New Assets - Total organic net new assets for January were $4.2 billion, translating to a 2.1% annualized growth rate [2] - Organic net new advisory assets were $6.1 billion, while organic net new brokerage assets were negative at $(2.0) billion [3] - Total acquired net new assets were $0.0 billion, with no new advisory or brokerage assets acquired in January [3] Client Cash Balances - Total client cash balances decreased to $56.5 billion, down $4.5 billion from $61.0 billion in December 2025, representing a 7.4% decline [2][3] - Insured cash account sweep decreased by 6.8% to $38.2 billion, while deposit cash account sweep fell by 7.2% to $14.2 billion [3] - Total bank sweep cash decreased to $52.4 billion, down 6.9% from $56.3 billion in December 2025 [3] Market Drivers - The S&P 500 Index at the end of January was 6,939, reflecting a 1.4% increase from 6,846 in December 2025 and a 14.9% increase from 6,041 in January 2025 [3] - The Russell 2000 Index increased by 5.3% to 2,614 from 2,482 in December 2025, and by 14.2% from 2,288 in January 2025 [3] - The average Fed Funds daily effective rate decreased by 2.4% to 364 basis points from 373 in December 2025, and by 15.9% from 433 basis points in January 2025 [3]