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LPL Financial's client assets rise 6.1% in April to $2.48 trillion, driven by advisory growth.

Market News
21 May 2026
GlobeNewsWire
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Bullish
pluang ai news

LPL Financial reported a 6.1% increase in total client assets for April 2026, reaching $2.48 trillion, up $141.4 billion from March. Advisory assets grew significantly, making up 59.8% of total assets compared to 54.7% a year ago, reflecting a shift toward advisory services. Organic net new assets were $3.1 billion, with net buying activity at $12.9 billion, despite a $3.6 billion decrease in client cash balances. This growth highlights LPL's expanding role in wealth management and its ongoing shift toward advisory services.

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