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LPL Financial's Brokerage & Advisory Assets Rise in February
ZACKS· 2026-03-20 14:35
Group 1 - LPL Financial (LPLA) reported total brokerage and advisory assets of $2.43 trillion in February 2026, marking a nearly 1% increase month-over-month and a 33.3% increase year-over-year [1][8] - Brokerage assets amounted to $989.3 billion, with a year-over-year growth of 19.5%, while advisory assets reached $1.44 trillion, growing 1.3% month-over-month and 44.9% year-over-year [1][8] - The company achieved total organic net new assets (NNAs) of $9.1 billion in February 2026, compared to $4.2 billion in January 2026 and $23.8 billion in February 2025 [2] Group 2 - LPL Financial's total client cash balance was reported at $55.9 billion in February 2026, reflecting a decrease of 1.1% from the previous month but an increase of 9% from February 2025 [2][8] - Of the total client cash balance, $37.8 billion was insured cash, and $14.6 billion was deposit cash [3] - The company is expected to continue benefiting from solid advisor productivity and recruiting efforts, which will support advisory revenues [4] Group 3 - LPL Financial's shares have declined by 15.3% over the past six months, while the industry has seen a decline of 6.4% [4] - The company is anticipated to expand inorganically, which will help diversify its operations [4] - LPL Financial currently holds a Zacks Rank 2 (Buy) [5]