LPL Financial-LPLA's August Brokerage and Advisory Assets Up on Upbeat Markets

LPL Financial's (LPLA) total brokerage and advisory assets were $1.56 trillion at the end of August 2024, increasing 2% from the prior month and 22.7% year over year. The rise in the company's assets balance was driven by a robust market performance. Of LPLA's total assets, brokerage assets were$ 690.6 billion and advisory assets amounted to $869.5 billion. Brokerage assets grew 1.8% from July 2024 and 17% year over year. Advisory assets rose 2.2% from the previous month and 27.7% from August 2023. Total ne ...