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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 2024.
Total advisory and brokerage assets at the end of January were $1.36 trillion, an increase of $7.7 billion, or 0.6%, compared to the end of December 2023.
Total net new assets for January were $2.0 billion, translating to a 1.8% annualized growth rate. Total net new advisory assets were $2.4 billion, translating to a 3.9% annualized growth rate.
Total client cash balances at the end of January were $47.3 billion, a decrease of $1.2 billion compared to the end of December 2023. Net buying in January was $12.0 billion.
Posted In: LPLA