LPL Financial Holdings Inc.

Equities

LPLA

US50212V1008

Investment Banking & Brokerage Services

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
266.3 ^USD	+0.34%		+1.42%	+17.00%

Apr. 10	North American Morning Briefing : Traders Await -2-	DJ
Apr. 09	Gateway First Bank Expands Gateway Private Wealth Services Through A Relationship with LPL Financial	CI

LPL Financial : February 2024 Monthly Metrics Historical File

March 21, 2024 at 04:43 pm EDT

LPL Financial Holdings Inc. - Historical Monthly Activity Through February 2024

As of February 29, 2024

(End of period $ in billions, unless noted)	Feb 2024	Jan 2024	Dec 2023	Nov 2023	Oct 2023	Sep 2023	Aug 2023	Jul 2023	Jun 2023	May 2023	Apr 2023	Mar 2023	Feb 2023
Assets(1)
Advisory assets	768.4	740.7	735.8	702.3	653.6	662.7	680.8	684.4	661.6	629.8	628.2	620.9	606.1
Brokerage assets	634.9	621.1	618.2	598.2	565.8	575.7	590.5	594.0	578.6	560.2	559.5	554.3	541.7
Total Advisory and Brokerage Assets	1,403.3	1,361.8	1,354.1	1,300.4	1,219.4	1,238.4	1,271.3	1,278.4	1,240.2	1,190.0	1,187.7	1,175.2	1,147.8
Total Net New Assets(2)(3)
Net new advisory assets	6.4	2.4	8.1	6.7	5.7	6.7	8.3	7.7	7.7	7.0	3.4	6.3	4.3
Net new brokerage assets	0.4	(0.4)	1.1	1.7	1.5	2.4	4.7	3.4	1.5	1.2	1.0	4.3	1.0
Total Net New Assets	6.8	2.0	9.2	8.4	7.2	9.1	13.1	11.0	9.2	8.1	4.4	10.6	5.2
Total Organic Net New Assets(4)
Net new organic advisory assets	6.4	2.4	8.1	6.7	5.7	6.7	8.3	7.7	7.7	7.0	3.4	6.3	4.3
Net new organic brokerage assets	0.4	(0.4)	1.1	1.7	1.5	2.4	4.7	3.4	1.5	1.2	1.0	3.9	1.0
Total Organic Net New Assets	6.8	2.0	9.2	8.4	7.2	9.1	13.1	11.0	9.2	8.1	4.4	10.1	5.2
Net brokerage to advisory conversions(5)	1.3	1.0	1.0	0.9	0.8	0.8	0.9	0.9	0.8	0.7	0.6	0.7	0.8
Client Cash Balances
Insured cash account sweep	33.2	33.7	34.5	33.8	33.5	33.6	34.7	35.1	36.0	36.5	37.0	39.7	40.7
Deposit cash account sweep	9.0	8.9	9.3	8.9	9.0	9.1	9.1	9.1	9.5	9.7	9.5	10.2	10.3
Total Bank Sweep	42.2	42.6	43.8	42.7	42.5	42.7	43.8	44.3	45.5	46.2	46.5	49.9	51.0
Money market sweep	2.3	2.4	2.4	2.4	2.4	2.6	2.5	2.4	2.3	2.5	2.5	2.6	2.8
Total Client Cash Sweep Held by Third Parties	44.5	45.0	46.2	45.2	44.9	45.3	46.3	46.6	47.9	48.7	49.0	52.5	53.8
Client cash account	2.0	2.3	2.3	2.1	2.1	2.0	1.8	2.2	2.1	2.0	1.9	2.1	2.4
Total Client Cash Balances	46.5	47.3	48.5	47.3	46.9	47.3	48.2	48.8	50.0	50.6	50.9	54.6	56.2
Net buy (sell) activity(6)	13.0	12.0	10.8	11.3	10.7	11.3	12.7	11.6	11.7	9.5	11.1	13.4	12.4
Market Drivers
S&P 500 Index (end of period)	5,096	4,846	4,770	4,568	4,194	4,288	4,508	4,589	4,450	4,180	4,169	4,109	3,970
Russell 2000 Index (end of period)	2,055	1,947	2,027	1,809	1,662	1,785	1,900	2,003	1,889	1,750	1,769	1,802	1,897
Fed Funds daily effective rate (average bps)	533	533	533	533	533	533	533	512	508	505	483	465	457

Note: Totals may not foot due to rounding.

Consists of total advisory and brokerage assets under custody at the Company's broker-dealer subsidiary, LPL Financial LLC ("LPL Financial").
Consists of total client deposits into advisory or brokerage accounts less total client withdrawals from advisory or brokerage accounts, plus dividends, plus interest, minus advisory fees. The Company considers conversions from and to brokerage or advisory accounts as deposits and withdrawals, respectively.
Total net new assets includes acquired net new assets for the periods presented below:

Acquired Net New Assets	Feb 2024	Jan 2024	Dec 2023	Nov 2023	Oct 2023	Sep 2023	Aug 2023	Jul 2023	Jun 2023	May 2023	Apr 2023	Mar 2023	Feb 2023
Net new acquired advisory assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.0
Net new acquired brokerage assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.4	0.0
Total Acquired Net New Assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.5	0.0
(4) Total organic net new assets includes organic net new assets from institutions for the periods presented below:
Organic Net New Assets from Large Institutions	Feb 2024	Jan 2024	Dec 2023	Nov 2023	Oct 2023	Sep 2023	Aug 2023	Jul 2023	Jun 2023	May 2023	Apr 2023	Mar 2023	Feb 2023
Net new organic advisory assets	0.0	0.0	0.0	0.0	0.0	0.0	0.6	1.7	0.0	0.0	0.0	0.0	0.0
Net new organic brokerage assets	0.0	0.0	0.0	0.0	0.3	1.3	4.2	2.9	0.0	0.0	0.0	0.0	0.0
Total Organic Net New Assets from Large Institutions	0.0	0.0	0.0	0.0	0.3	1.3	4.9	4.6	0.0	0.0	0.0	0.0	0.0

Consists of existing custodied assets that converted from brokerage to advisory, less existing custodied assets that converted from advisory to brokerage.
Represents the amount of securities purchased less the amount of securities sold in client accounts custodied with LPL Financial.

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LPL Financial Holdings Inc. published this content on 19 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 March 2024 20:42:31 UTC.

Latest news about LPL Financial Holdings Inc.

North American Morning Briefing : Traders Await -2-	Apr. 10	DJ
Gateway First Bank Expands Gateway Private Wealth Services Through A Relationship with LPL Financial	Apr. 09	CI
Conflicting signals on rate cuts	Apr. 09
Morgan Stanley Upgrades LPL Financial Holdings to Overweight From Equalweight, Raises Price Target to $315 From $254	Apr. 09	MT
ANALYST RECOMMENDATIONS : Amex, Cisco, Nasdaq, Wells Fargo, Marathon Petroleum...	Apr. 09
Barclays Raises Price Target on LPL Financial to $312 From $302, Keeps Overweight Rating	Apr. 08	MT
UBS Adjusts LPL Financial Price Target to $275 From $267, Maintains Neutral Rating	Apr. 05	MT
JPMorgan Raises LPL Financial's Price Target to $260 From $254, Maintains Neutral Rating	Apr. 02	MT
TD Cowen Raises LPL Financial Holdings' Price Target to $269 From $266, Keeps Market Perform Rating	Mar. 22	MT
LPL Financial's Advisory, Brokerage Assets Rise in February	Mar. 21	MT
Osaic Inc. acquired The Sturkie Wealth Management Group from LPL Financial Holdings Inc..	Mar. 03	CI
LPL Financial Holdings Inc. Announces Departure of Kabir Sethi, Effective March 31, 2024	Feb. 29	CI
Lpl Financial Holdings Insider Sold Shares Worth $397,016, According to a Recent SEC Filing	Feb. 28	MT
LPL Financial Holdings Insider Sold Shares Worth $631,200, According to a Recent SEC Filing	Feb. 28	MT
Barclays Raises LPL Financial Holdings Price Target to $302 From $300, Maintains Overweight Rating	Feb. 26	MT
Wintrust to Move Two Wealth Management Businesses to LPL Financial Platform	Feb. 23	MT
Lpl Financial Holdings Insider Sold Shares Worth $354,834, According to a Recent SEC Filing	Feb. 22	MT
Lpl Financial Holdings Insider Sold Shares Worth $2,563,512, According to a Recent SEC Filing	Feb. 22	MT
UBS Adjusts LPL Financial Price Target to $267 From $260, Maintains Neutral Rating	Feb. 14	MT
The market faces a choice	Feb. 14
ANALYST RECOMMENDATIONS : Biogen, Gsk, Hp Inc, Palantir, Walt Disney...	Feb. 14
Morgan Stanley Adjusts LPL Financial Holdings' Price Target to $254 From $252, Keeps Equalweight Rating	Feb. 13	MT
LPL Financial Holdings to Acquire Atria Wealth Solutions	Feb. 13	MT
LPL Financial Holdings Inc. entered into a definitive purchase agreement to acquire Atria Wealth Solutions, Inc. for $1.04 billion.	Feb. 12	CI
Lpl Financial Holdings Insider Sold Shares Worth $6,885,746, According to a Recent SEC Filing	Feb. 07	MT

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Company Profile

LPL Financial Holdings Inc. is an independent broker-dealer and an investment advisory firm company. The Company offers an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at enterprises (collectively, advisors) in the United States. Through its comprehensive platform, it offers integrated technology solutions; brokerage and advisory platforms; clearing, compliance, business and planning and advice services; consultative practice management programs and training, and in-house research. Through its custody and clearing platform, using both proprietary and third-party technology, the Company offers access to diversified financial products and services, enabling its advisors to offer personalized financial advice and brokerage services to retail investors. Its products include alternative investments, annuities, exchange-traded products, insurance-based products, mutual funds, and retirement plan products.

Sector

Investment Banking & Brokerage Services

Calendar

2024-04-29 - Q1 2024 Earnings Release

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Ratings for LPL Financial Holdings Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

266.3 USD

Average target price

294.9 USD

Spread / Average Target

+10.74%

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