Press release
LPL Financial Reports Monthly Activity for May 2025
SAN DIEGO, June 23, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC (“LPL Financial”), a wholly owned subsidiary of LPL Financial Holdings Inc. (Nasdaq: LPLA) (the
About this update from Lpl Financial Holdings Inc.
[{"type":"text","content":"SAN DIEGO, June 23, 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 May 2025. Total advisory and brokerage assets at the end of May were $1.85 trillion, an increase of $66.6 billion, or 3.7%, compared to the end of April 2025. Total organic net new assets for May were $6.5 billion, translating to a 4.4% annualized growth rate. This included $1.0 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 $7.5 billion, translating to a 5.0% annualized growth rate. Total client cash balances at the end of May were $49.2 billion, a decrease of $2.6 billion compared to the end of April 2025. Net buying in May was $13.5 billion. (End of period $ in billions, unless noted)MayAprilChangeMayChange20252025M/M2024Y/YAdvisory and Brokerage Assets Advisory assets1,021.6978.6 4.4%809.4 26.2%Brokerage assets832.9809.4 2.9%657.0 26.8%Total Advisory and Brokerage Assets1,854.51,787.9 3.7%1,466.4 26.5% Organic Net New Assets Organic net new advisory assets8.36.9n/m9.9n/mOrganic net new brokerage assets(1.8)(0.8)n/m1.3n/mTotal Organic Net New Assets6.56.1n/m11.2n/m Acquired Net New Assets Acquired net new advisory assets0.00.0n/m0.0n/mAcquired net new brokerage assets0.00.0n/m0.0n/mTotal Acquired Net New Assets0.00.0n/m0.0n/m Total Net New Assets Net new advisory assets8.36.9n/m9.9n/mNet new brokerage assets(1.8)(0.8)n/m1.3n/mTotal Net New Assets6.56.1n/m11.2n/m Net brokerage to advisory conversions2.21.7n/m1.2n/m Client Cash Balances Insured cash account sweep33.435.2 (5.1%)31.8 5.0%Deposit cash account sweep10.610.7 (0.9%)9.0 17.8%Total Bank Sweep44.045.9 (4.1%)40.8 7.8%Money market sweep3.94.2 (7.1%)2.3 69.6%Total Client Cash Sweep Held by Third Parties47.950.2 (4.6%)43.1 11.1%Client cash account1.31.6 (18.8%)1.3 —%Total Client Cash Balances49.251.8 (5.0%)44.5 10.6% Net buy (sell) activity13.510.4n/m15.0n/m Market Drivers S&P 500 Index (end of period)5,9125,569 6.2%5,278 12.0%Russell 2000 Index (end of period)2,0661,964 5.2%2,070 (0.2%)Fed Funds daily effective rate (average bps)433433 —%533 (18.8%) For additional information regarding these and other LPL Financial business metrics, pleas...