LPL Financial Reports Monthly Activity for April 2026

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

LPL Financial (Nasdaq:LPLA) reported April 2026 monthly activity. Total client assets reached $2.48 trillion, up 6.1% from March and 38.6% year over year. Advisory assets were $1.48 trillion, representing 59.8% of total assets.

April organic net new assets were $3.1 billion, a 1.6% annualized growth rate. Total client cash balances were $55.5 billion, with $52.3 billion in bank sweep programs. Net buying in April totaled $12.9 billion.

AI-generated analysis. Not financial advice.

Positive

Total client assets $2.48T; 6.1% M/M and 38.6% Y/Y growth
Advisory client assets $1.48T; 51.5% Y/Y increase
Advisory assets mix at 59.8% of total, up from 54.7% year ago
April organic net new assets of $3.1B; 1.6% annualized growth rate
Net buy activity of $12.9B in April 2026
Total client cash balances $55.5B; 7.1% higher than April 2025

Negative

April 2026 organic NNA $3.1B versus $8.1B in March 2026
Brokerage organic NNA negative $3.0B in April 2026
Money market sweep balances $1.3B, down 69.0% year over year

News Market Reaction – LPLA

-0.71%

1 alert

-0.71% News Effect

On the day this news was published, LPLA declined 0.71%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Total client assets: $2.48 trillion Advisory asset mix: 59.8% Total organic NNA: $3.1 billion +5 more

8 metrics

Total client assets $2.48 trillion End of April 2026; up $141.4B or 6.1% vs March

Advisory asset mix 59.8% Advisory as % of total assets; up from 54.7% year ago

Total organic NNA $3.1 billion April 2026; 1.6% annualized growth rate

Client cash balances $55.5 billion End of April 2026; down $3.6B vs March

Net buying $12.9 billion Net buy activity in April 2026

Total client assets M/M change 6.1% Month-over-month change vs March 2026

S&P 500 level 7,209 End of April 2026; up 10.4% vs March

Russell 2000 level 2,800 End of April 2026; up 12.2% vs March

Peers on Argus

LPLA is down 1.23% while peers are mixed: TW -2.96%, FUTU +0.48%, EVR +3.69%, HL...

LPLA is down 1.23% while peers are mixed: TW -2.96%, FUTU +0.48%, EVR +3.69%, HLI +1.79%, SF +0.22%, pointing to a stock-specific move rather than a unified sector direction.

Historical Context

5 past events · Latest: May 20 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
May 20	Advisor team addition	Positive	+0.0%	Cebert Wealth Advisors joined LPL platforms with about $1B in assets.
May 19	Advisor team addition	Positive	-0.3%	Davis Executive Wealth joined LPL Strategic Wealth with $635M assets.
May 14	AI innovation awards	Positive	+0.5%	Two Stevie awards for AI-based AccountView Next Gen platforms.
May 14	Advisor team addition	Positive	-1.0%	Fifteen:22 Financial Partners joined LPL with about $380M assets.
May 14	AI innovation awards	Positive	-1.0%	Additional Stevie awards spotlighting generative AI in AccountView Next Gen.

Pattern Detected

Recent positive business development news has often seen mixed or negative next-day price reactions, suggesting frequent divergence between fundamentals and short-term trading.

Recent Company History

Over the past weeks, LPL reported multiple advisor team additions and recognition for AI innovation. Events on May 14, May 19, and May 20 highlighted continued platform growth, new wealth teams joining, and awards for digital capabilities. Price reactions ranged from about -0.99% to +0.51%, showing no consistent pattern of upside follow-through. Today’s April 2026 asset metrics update fits into this ongoing growth narrative, but near-term trading has often diverged from these constructive operational updates.

Regulatory & Risk Context

Short Interest: 3.73%

Short Interest

3.73% of shares outstanding

as of 2026-05-29 Days to cover: 2.27

Market Pulse Summary

This announcement highlights continued balance sheet expansion for LPL, with total client assets rea...

Analysis

This announcement highlights continued balance sheet expansion for LPL, with total client assets reaching $2.48 trillion and advisory assets rising to 59.8% of the total. April organic net new assets of $3.1 billion and net buying of $12.9 billion point to ongoing inflows, even as client cash balances fell to $55.5 billion. Compared with recent advisor additions and AI awards, the release reinforces a steady growth narrative. Investors may monitor future NNA trends, cash levels, and asset mix shifts relative to broader equity markets.

Key Terms

organic net new assets, net buy (sell) activity, insured cash account sweep, money market sweep, +1 more

5 terms

organic net new assets financial

"Total organic net new assets (“NNA”) for April were $3.1 billion..."

Organic net new assets are the amount of money that clients add to or withdraw from an investment firm’s managed funds during a period, measured after removing gains or losses from market performance and excluding money brought in by mergers or purchases. Investors watch this figure because it shows whether a firm is truly growing its client base and fee revenue from its own business — like tracking how much a garden grows on its own rather than counting plants moved in from elsewhere.

net buy (sell) activity financial

"Net buy (sell) activity | 12.9 | | 12.7 | | n/m..."

Net buy (sell) activity is the difference between the amount of shares or value purchased and the amount sold for a stock or group of stocks over a defined period; a positive number shows more buying than selling, and a negative number shows the opposite. Investors watch this like a market thermometer—consistent net buying can signal rising demand and potential price strength, while net selling can indicate weakening interest or pressure on the price.

insured cash account sweep financial

"Insured cash account sweep | 37.6 | | 39.8 | | (5.5 | %)..."

A service that automatically moves uninvested cash from a brokerage account into bank deposit accounts or short-term funds that are covered by federal insurance, spreading the money across one or more banks to increase insured protection. Think of it as parking spare cash in multiple insured wallets so it stays safe and immediately available while earning a small return. Investors care because it reduces the risk of losing cash above standard insurance limits and preserves liquidity without manual transfers.

money market sweep financial

"Money market sweep | 1.3 | | 1.5 | | (13.3 | %)..."

An automated arrangement that moves idle cash from a brokerage or bank account into a money market fund or interest-bearing account, typically overnight, to earn a small return while keeping the funds accessible. It matters to investors because it reduces wasted cash sitting uninvested and boosts overall portfolio returns without sacrificing liquidity, similar to parking spare change in a high-interest savings jar that you can grab quickly when needed.

Fed Funds daily effective rate financial

"Fed Funds daily effective rate (average bps) | 364 | | 364..."

The fed funds daily effective rate is the average interest rate banks actually pay each other to borrow overnight reserves held at the central bank. Think of it as the daily “rental price” for cash in the banking system; when that price moves, it changes borrowing costs for businesses and consumers, influences bond yields and short-term lending, and signals how tight or loose monetary policy is—information investors use to assess interest-rate risk and asset values.

AI-generated analysis. Not financial advice.

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05/21/2026 - 04:05 PM

SAN DIEGO, May 21, 2026 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (Nasdaq: LPLA) (the “Company”) today released its monthly activity report for April 2026.

Total client assets at the end of April were $2.48 trillion, an increase of $141.4 billion, or 6.1%, compared to the end of March. Advisory assets as a percentage of total assets increased to 59.8%, up from 54.7% a year ago.

Total organic net new assets (“NNA”) for April were $3.1 billion, translating to a 1.6% annualized growth rate.

Total client cash balances at the end of April were $55.5 billion, a decrease of $3.6 billion compared to the end of March. Net buying in April was $12.9 billion.

(End of period $ in billions, unless noted)	April		March		Change		April		Change
(End of period $ in billions, unless noted)	2026		2026		M/M		2025		Y/Y
*Client Assets*
Advisory	1,482.7		1,390.4		6.6	%	978.6		51.5	%
Brokerage	995.0		945.9		5.2	%	809.4		22.9	%
Total Client Assets	2,477.7		2,336.3		6.1	%	1,787.9		38.6	%

*Organic NNA*
Advisory	6.0		9.7		n/m		6.9		n/m
Brokerage	(3.0	)	(1.6	)	n/m		(0.8	)	n/m
Total Organic NNA	3.1		8.1		n/m		6.1		n/m

*Acquired NNA*
Advisory	0.0		0.0		n/m		0.0		n/m
Brokerage	0.0		0.0		n/m		0.0		n/m
Total Acquired NNA	0.0		0.0		n/m		0.0		n/m

*Total NNA*
Advisory	6.0		9.7		n/m		6.9		n/m
Brokerage	(3.0	)	(1.6	)	n/m		(0.8	)	n/m
Total NNA	3.1		8.1		n/m		6.1		n/m

Net brokerage to advisory conversions	2.2		2.2		n/m		1.7		n/m

*Client Cash Balances*
Insured cash account sweep	37.6		39.8		(5.5	%)	35.2		6.8	%
Deposit cash account sweep	14.7		15.9		(7.5	%)	10.7		37.4	%
Total Bank Sweep	52.3		55.7		(6.1	%)	45.9		13.9	%
Money market sweep	1.3		1.5		(13.3	%)	4.2		(69.0	%)
Total Client Cash Sweep Held by Third Parties	53.6		57.2		(6.3	%)	50.2		6.8	%
Client cash account	1.9		2.0		(5.0	%)	1.6		18.8	%
Total Client Cash Balances	55.5		59.1		(6.1	%)	51.8		7.1	%

Net buy (sell) activity	12.9		12.7		n/m		10.4		n/m


*Market Drivers*
S&P 500 Index (end of period)	7,209		6,529		10.4	%	5,569		29.4	%
Russell 2000 Index (end of period)	2,800		2,496		12.2	%	1,964		42.6	%
Fed Funds daily effective rate (average bps)	364		364		—	%	433		(15.9	%)

For additional information regarding these and other Company business metrics, please refer to the Company’s most recent earnings announcement, which is available in the quarterly results section of investor.lpl.com.

Contacts

Investor Relations
investor.relations@lplfinancial.com

Media Relations
media.relations@lplfinancial.com

About LPL Financial

LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

Securities and advisory services offered through LPL Financial LLC (“LPL Financial”) and LPL Enterprise, LLC (“LPL Enterprise”), both registered investment advisers and broker-dealers. Members FINRA/SIPC.

Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial or LPL Enterprise.

We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

FAQ

How did LPL Financial (NASDAQ:LPLA) client assets change in April 2026?

LPL Financial reported total client assets of $2.48 trillion in April 2026, up 6.1% from March. According to LPL Financial, client assets also increased 38.6% year over year, with advisory assets at $1.48 trillion and brokerage assets at $995.0 billion.

What were LPL Financial (LPLA) organic net new assets for April 2026?

LPL Financial’s total organic net new assets were $3.1 billion in April 2026, a 1.6% annualized growth rate. According to LPL Financial, advisory organic NNA was $6.0 billion while brokerage organic NNA was negative $3.0 billion during the month.

What percentage of LPL Financial (LPLA) client assets were advisory in April 2026?

Advisory assets represented 59.8% of LPL Financial’s total client assets in April 2026. According to LPL Financial, advisory assets reached $1.48 trillion, and this mix increased from 54.7% a year earlier, highlighting a continued shift toward advisory-based relationships.

How much client cash did LPL Financial (LPLA) hold in April 2026?

LPL Financial reported total client cash balances of $55.5 billion at the end of April 2026. According to LPL Financial, $52.3 billion was in bank sweep programs, $1.3 billion in money market sweep, and $1.9 billion in client cash accounts.

What was LPL Financial (LPLA) net buy activity in April 2026?

LPL Financial recorded net buying activity of $12.9 billion in April 2026. According to LPL Financial, this compares with $12.7 billion in March 2026 and $10.4 billion in April 2025, reflecting continued net investment by clients in the markets.

How did market indices move alongside LPL Financial (LPLA) April 2026 metrics?

The S&P 500 ended April 2026 at 7,209 and the Russell 2000 at 2,800. According to LPL Financial, these levels represented month-over-month changes of 10.4% and 12.2%, respectively, and year-over-year changes of 29.4% and 42.6%.

What were LPL Financial (LPLA) bank sweep balances in April 2026?

LPL Financial reported total bank sweep balances of $52.3 billion at the end of April 2026. According to LPL Financial, insured cash account sweep balances were $37.6 billion and deposit cash account sweep balances were $14.7 billion, together forming most client cash.