LPLA Announces Y/Y Rise in Brokerage and Advisory Assets in November

LPL Financial LPLA witnessed a rise in total brokerage and advisory assets in November 2024. The metric was $1.76 trillion, which grew 5.1% from the prior month and 35.3% year over year.LPLA’s Performance BreakdownOf LPLA’s total assets, brokerage assets were $785.6 billion and advisory assets amounted to $973.8 billion. Brokerage assets jumped 3% from October 2024 and 31.3% year over year. Advisory assets were up 6.9% from the previous month and 38.7% from November 2023.Total net new assets (NNAs) were $35 billion in November. It included $0.8 billion of acquired NNAs from Liquidity & Succession activity. Total organic NNAs were $34.2 billion, including $26.3 billion of assets from Prudential Advisors (“Prudential”) that were onboarded in November and $0.6 billion off-boarded assets as part of the previously disclosed planned separation from misaligned large OSJs. Excluding these assets, organic NNAs were $8.6 billion.The company reported $50.5 billion of total client cash balance in November, up 4.6% from the prior month and 8.4% from November 2023. The figure included $1.9 billion resulting from the onboarding of Prudential. Of the total balance, $34.8 billion was insured cash and $9.9 billion was deposit cash, while the remaining was money-market sweep and client cash balance.Our Take on LPLA StockLPL Financial’s planned buyout of Investment Center, the recent acquisition of Atria Wealth, solid advisor productivity and recruiting efforts will aid advisory revenues. The company is expected to keep expanding through strategic acquisitions, which will help diversify operations. However, uncertainty about the performance of the capital markets is a headwind, which may hurt the company’s financials.In the past three months, LPLA’s shares have surged 49.2%, outperforming the industry’s growth of 17.9%. Image Source: Zacks Investment ResearchCurrently, LPL Financial carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Performance of LPLA’s Peers in NovemberCharles Schwab SCHW posted a rise in its total client assets for November. SCHW’s total client assets in November 2024 were $10.31 trillion, up 5% from October 2024 and 26% from November 2023. Client assets receiving ongoing advisory services were $5.16 trillion, rising 4% from the prior month and 24% year over year.Interactive Brokers Group, Inc. IBKR released the Electronic Brokerage segment’s performance metrics for November 2024. The segment deals with the clearance and settlement of trades for individual and institutional clients globally. It reported a rise in client Daily Average Revenue Trades (DARTs).IBKR’s total client DARTs in November were 3,306,000, which increased 74.2% from November 2023 and 17.1% from the last month.Free Today: Profiting from The Future’s Brightest Energy SourceThe demand for electricity is growing exponentially. At the same time, we’re working to reduce our dependence on fossil fuels like oil and natural gas. Nuclear energy is an ideal replacement.Leaders from the US and 21 other countries recently committed to TRIPLING the world’s nuclear energy capacities. This aggressive transition could mean tremendous profits for nuclear-related stocks – and investors who get in on the action early enough.Our urgent report, Atomic Opportunity: Nuclear Energy's Comeback, explores the key players and technologies driving this opportunity, including 3 standout stocks poised to benefit the most.Download Atomic Opportunity: Nuclear Energy's Comeback free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Charles Schwab Corporation (SCHW): Free Stock Analysis Report Interactive Brokers Group, Inc. (IBKR): Free Stock Analysis Report LPL Financial Holdings Inc. (LPLA): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks