LPL Financial reports $2.43 trillion in assets, up 0.9% in February

LPL Financial Holdings Inc. (NASDAQ: LPLA) reported total advisory and brokerage assets of $2.43 trillion at the end of February 2026, representing an increase of $22.3 billion or 0.9% from January, according to the company's monthly activity report released March 19.

The company recorded $9.1 billion in organic net new assets for February, translating to a 4.5% annualized growth rate. Advisory assets comprised 59.3% of total assets, up from 54.6% in the prior year period.

Client cash balances totaled $55.9 billion at month-end, down $0.6 billion from January. The decrease included $0.5 billion in conversions from sweep money market funds to purchased money market funds. Excluding this conversion, client cash balances declined by $0.2 billion.

Net buying activity reached $16.6 billion in February, compared to $13.8 billion in January and $14.3 billion in the prior year period.

Advisory assets increased to $1.44 trillion from $1.42 trillion in January, while brokerage assets rose to $989.3 billion from $985.8 billion. The company recorded $10.0 billion in organic net new advisory assets and negative $0.9 billion in organic net new brokerage assets.

Net brokerage to advisory conversions totaled $2.1 billion for the month, compared to $2.2 billion in January and $1.9 billion in February 2025.

Market conditions showed the S&P 500 Index at 6,879 at the end of February, down 0.9% from January's 6,939 level. The Russell 2000 Index closed at 2,632, up 0.7% from the previous month. The Federal Funds daily effective rate averaged 364 basis points, unchanged from January.

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