LPL Financial reports $2.48 trillion in client assets for April

LPL Financial Holdings Inc. (NASDAQ: LPLA) reported total client assets of $2.48 trillion at the end of April 2026, representing an increase of $141.4 billion or 6.1% compared to March, according to the company's monthly activity report.

Advisory assets comprised 59.8% of total assets, up from 54.7% a year earlier. The company recorded $3.1 billion in organic net new assets for April, translating to a 1.6% annualized growth rate.

Advisory assets totaled $1.48 trillion, a 6.6% monthly increase and 51.5% year-over-year growth. Brokerage assets reached $995.0 billion, up 5.2% from March and 22.9% from the prior year.

Client cash balances decreased to $55.5 billion at the end of April, down $3.6 billion from March. Net buying activity totaled $12.9 billion during the month.

Advisory organic net new assets were $6.0 billion in April, while brokerage experienced net outflows of $3.0 billion. Net conversions from brokerage to advisory accounts totaled $2.2 billion.

Bank sweep balances decreased 6.1% to $52.3 billion, comprising $37.6 billion in insured cash account sweep and $14.7 billion in deposit cash account sweep. Money market sweep balances fell to $1.3 billion.

Market performance contributed to asset growth, with the S&P 500 Index ending April at 7,209, up 10.4% from March and 29.4% year-over-year. The Russell 2000 Index closed at 2,800, gaining 12.2% monthly and 42.6% annually.

The information is based on the company's press release statement issued May 21, 2026.

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