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LPL Financial Reports Monthly Activity for January 2025

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LPL Financial (LPLA) reported its January 2025 monthly activity, showing total advisory and brokerage assets of $1.81 trillion, a 4.1% increase ($71.1 billion) from December 2024. The company achieved $34.1 billion in total net new assets, including $34.0 billion in organic net new assets, representing a 23.4% annualized growth rate.

The growth included significant onboarding of assets: $13.5 billion from Prudential Advisors and $15.2 billion from Wintrust Investments. Excluding these additions and a $0.2 billion planned separation, organic net new assets were $5.4 billion (3.9% annualized growth rate). Client cash balances decreased by $2.9 billion to $52.2 billion, while net buying reached $14.5 billion in January.

LPL Financial (LPLA) ha riportato l'attività mensile di gennaio 2025, mostrando un totale di asset di consulenza e intermediazione di 1,81 trilioni di dollari, con un aumento del 4,1% (71,1 miliardi di dollari) rispetto a dicembre 2024. L'azienda ha raggiunto 34,1 miliardi di dollari in nuovi asset netti totali, inclusi 34,0 miliardi di dollari in nuovi asset netti organici, rappresentando un tasso di crescita annualizzato del 23,4%.

La crescita ha incluso un'importante acquisizione di asset: 13,5 miliardi di dollari da Prudential Advisors e 15,2 miliardi di dollari da Wintrust Investments. Escludendo queste aggiunte e una separazione pianificata di 0,2 miliardi di dollari, gli asset netti organici nuovi sono stati di 5,4 miliardi di dollari (tasso di crescita annualizzato del 3,9%). I saldi di cassa dei clienti sono diminuiti di 2,9 miliardi di dollari, scendendo a 52,2 miliardi di dollari, mentre gli acquisti netti hanno raggiunto 14,5 miliardi di dollari a gennaio.

LPL Financial (LPLA) informó sobre su actividad mensual de enero de 2025, mostrando un total de activos de asesoría y corretaje de 1.81 billones de dólares, un aumento del 4.1% (71.1 mil millones de dólares) en comparación con diciembre de 2024. La compañía alcanzó 34.1 mil millones de dólares en nuevos activos netos totales, incluidos 34.0 mil millones de dólares en nuevos activos netos orgánicos, lo que representa una tasa de crecimiento anualizada del 23.4%.

El crecimiento incluyó una incorporación significativa de activos: 13.5 mil millones de dólares de Prudential Advisors y 15.2 mil millones de dólares de Wintrust Investments. Excluyendo estas adiciones y una separación planificada de 0.2 mil millones de dólares, los nuevos activos netos orgánicos fueron de 5.4 mil millones de dólares (tasa de crecimiento anualizada del 3.9%). Los saldos de efectivo de los clientes disminuyeron en 2.9 mil millones de dólares, quedando en 52.2 mil millones de dólares, mientras que las compras netas alcanzaron 14.5 mil millones de dólares en enero.

LPL Financial (LPLA)는 2025년 1월 월간 활동을 보고하며, 총 자문 및 중개 자산이 1.81조 달러로 2024년 12월 대비 4.1% 증가(711억 달러)했다고 밝혔습니다. 회사는 341억 달러의 총 순 신규 자산을 달성했으며, 이 중 340억 달러는 유기적 순 신규 자산으로, 연환산 성장률은 23.4%에 해당합니다.

성장에는 자산의 중요한 유입이 포함되었습니다: 프루덴셜 어드바이저스에서 135억 달러윈트러스트 투자에서 152억 달러가 포함되었습니다. 이러한 추가분과 2억 달러의 계획된 분리를 제외하면, 유기적 순 신규 자산은 54억 달러(연환산 성장률 3.9%)였습니다. 고객 현금 잔고는 29억 달러 감소하여 522억 달러에 이르렀고, 순 매수는 1월에 145억 달러에 달했습니다.

LPL Financial (LPLA) a rapporté son activité mensuelle de janvier 2025, affichant un total d'actifs de conseil et de courtage de 1,81 trillion de dollars, soit une augmentation de 4,1% (71,1 milliards de dollars) par rapport à décembre 2024. L'entreprise a atteint 34,1 milliards de dollars d'actifs nets nouveaux totaux, dont 34,0 milliards de dollars d'actifs nets organiques, ce qui représente un taux de croissance annualisé de 23,4%.

Cette croissance a inclus une intégration significative d'actifs : 13,5 milliards de dollars provenant de Prudential Advisors et 15,2 milliards de dollars de Wintrust Investments. En excluant ces ajouts et une séparation planifiée de 0,2 milliard de dollars, les actifs nets organiques nouveaux s'élevaient à 5,4 milliards de dollars (taux de croissance annualisé de 3,9%). Les soldes de trésorerie des clients ont diminué de 2,9 milliards de dollars pour atteindre 52,2 milliards de dollars, tandis que les achats nets ont atteint 14,5 milliards de dollars en janvier.

LPL Financial (LPLA) berichtete über seine monatliche Aktivität für Januar 2025 und wies ein Gesamtvolumen an Beratungs- und Brokerage-Vermögen von 1,81 Billionen Dollar aus, was einem Anstieg von 4,1% (71,1 Milliarden Dollar) im Vergleich zu Dezember 2024 entspricht. Das Unternehmen erzielte 34,1 Milliarden Dollar an neuen Nettovermögen insgesamt, einschließlich 34,0 Milliarden Dollar an organischen neuen Nettovermögen, was einer annualisierten Wachstumsrate von 23,4% entspricht.

Das Wachstum beinhaltete eine signifikante Akquisition von Vermögen: 13,5 Milliarden Dollar von Prudential Advisors und 15,2 Milliarden Dollar von Wintrust Investments. Ohne diese Zugänge und eine geplante Trennung von 0,2 Milliarden Dollar betrugen die organischen neuen Nettovermögen 5,4 Milliarden Dollar (annualisierte Wachstumsrate von 3,9%). Die Barguthaben der Kunden sanken um 2,9 Milliarden Dollar auf 52,2 Milliarden Dollar, während die Nettokäufe im Januar 14,5 Milliarden Dollar erreichten.

Positive
  • Total assets increased by $71.1 billion (4.1%) to $1.81 trillion
  • Strong organic net new assets of $34.0 billion (23.4% annualized growth)
  • Significant asset acquisitions: $13.5B from Prudential and $15.2B from Wintrust
  • Robust net buying activity of $14.5 billion
Negative
  • Client cash balances decreased by $2.9 billion
  • $0.2 billion in assets off-boarded due to misaligned large OSJs

Insights

The January 2025 metrics reveal LPL Financial's exceptional execution of its growth strategy, particularly in institutional business acquisition. The $28.7 billion combined assets from Prudential and Wintrust transitions demonstrate LPL's ability to attract major institutional partners, significantly expanding its market presence. The baseline organic growth rate of 3.9%, excluding these transitions, remains robust and well above industry averages, indicating strong underlying business momentum.

The reduction in client cash balances to $52.2 billion reflects two important trends: First, clients are actively deploying capital into investments, evidenced by the substantial $14.5 billion in net buying. Second, this shift suggests growing investor confidence in market opportunities, though it may temporarily impact LPL's interest income. The strong net buying figure is particularly noteworthy as it indicates advisors are actively managing portfolios rather than maintaining defensive cash positions.

The total asset base increase to $1.81 trillion strengthens LPL's competitive position in the wealth management industry. With nearly 29,000 financial advisors and approximately 1,200 financial institutions, LPL's scale advantages continue to grow, potentially leading to improved operational efficiency and enhanced service capabilities. The successful integration of major institutional partners validates LPL's technology platform and service model, potentially attracting more such partnerships in the future.

SAN DIEGO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC (“LPL Financial”), a wholly owned subsidiary of LPL Financial Holdings Inc. (Nasdaq: LPLA) (the “Company”), today released its monthly activity report for January 2025.

Total advisory and brokerage assets at the end of January were $1.81 trillion, an increase of $71.1 billion, or 4.1%, compared to the end of December 2024.

Total net new assets for January were $34.1 billion, which included $0.1 billion of acquired net new assets resulting from Liquidity & Succession activity.

Total organic net new assets for January were $34.0 billion, translating to a 23.4% annualized growth rate. This included $13.5 billion of assets from Prudential Advisors (“Prudential”) and $15.2 billion of assets from Wintrust Investments, LLC and certain private client business at Great Lakes Advisors, LLC (collectively, “Wintrust”) that onboarded in January, and $0.2 billion of assets that off-boarded as part of the previously disclosed planned separation from misaligned large OSJs. Prior to these impacts, organic net new assets were $5.4 billion, translating to a 3.9% annualized growth rate.

Total client cash balances at the end of January were $52.2 billion, a decrease of $2.9 billion compared to the end of December 2024. Net buying in January was $14.5 billion.

(End of period $ in billions, unless noted)
JanuaryDecemberChangeJanuaryChange
20252024M/M2024Y/Y
Advisory and Brokerage Assets     
Advisory assets992.4957.03.7%740.734.0%
Brokerage assets819.4783.74.6%621.131.9%
Total Advisory and Brokerage Assets1,811.81,740.74.1%1,361.833.0%
      
Organic Net New Assets     
Organic net new advisory assets13.412.5n/m2.4n/m
Organic net new brokerage assets20.512.9n/m(0.4)n/m
Total Organic Net New Assets34.025.5n/m2.0n/m
      
Acquired Net New Assets     
Acquired net new advisory assets0.10.0n/m0.0n/m
Acquired net new brokerage assets0.00.2n/m0.0n/m
Total Acquired Net New Assets0.10.3n/m0.0n/m
      
Total Net New Assets     
Net new advisory assets13.512.6n/m2.4n/m
Net new brokerage assets20.613.2n/m(0.4)n/m
Total Net New Assets34.125.8n/m2.0n/m
      
Net brokerage to advisory conversions2.12.0n/m1.0n/m
      
Client Cash Balances     
Insured cash account sweep36.238.3(5.5%)33.77.4%
Deposit cash account sweep10.010.7(6.5%)8.912.4%
Total Bank Sweep46.349.0(5.5%)42.68.7%
Money market sweep4.14.3(4.7%)2.470.8%
Total Client Cash Sweep Held by Third Parties
50.453.3(5.4%)45.012.0%
Client cash account(1)1.81.8—%1.9(5.3%)
Total Client Cash Balances52.255.1(5.3%)46.911.3%
      
Net buy (sell) activity14.513.5n/m12.0n/m
      
Market Drivers     
S&P 500 Index (end of period)6,0415,8822.7% 4,84624.7%
Russell 2000 Index (end of period)2,2882,2302.6% 1,94717.5%
Fed Funds daily effective rate (average bps)433448(3.3%) 533(18.8%)
      

For additional information regarding these and other LPL Financial 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 nearly 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.7 trillion in brokerage and advisory assets on behalf of approximately 6 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”), a registered investment advisor and broker-dealer, member 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.

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


Note: Totals may not foot due to rounding.
(1) During the first quarter of 2024, the Company updated its definition of client cash account balances to exclude other client payables. Prior period disclosures have been updated to reflect this change as applicable.


FAQ

What was LPLA's total asset growth in January 2025?

LPL Financial's total advisory and brokerage assets grew by $71.1 billion (4.1%) to $1.81 trillion in January 2025.

How much were LPLA's organic net new assets in January 2025?

LPLA's organic net new assets were $34.0 billion, representing a 23.4% annualized growth rate.

What major asset acquisitions did LPLA complete in January 2025?

LPLA onboarded $13.5 billion from Prudential Advisors and $15.2 billion from Wintrust Investments and Great Lakes Advisors.

How did LPLA's client cash balances change in January 2025?

Client cash balances decreased by $2.9 billion to $52.2 billion compared to December 2024.

What was LPLA's net buying activity in January 2025?

Net buying activity for January 2025 was $14.5 billion.

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