LPL Financial reports $2.55 trillion in client assets for May 2026

LPL Financial Holdings Inc. (NASDAQ: LPLA) reported total client assets of $2.55 trillion at the end of May 2026, up $76.9 billion, or 3.1%, from the end of April, according to the company's monthly activity report.

Advisory assets rose to $1.54 trillion, representing 60.2% of total assets, compared with 55.1% a year earlier. Brokerage assets stood at $1.02 trillion at the end of May.

Total organic net new assets for the month were $8.8 billion, equating to a 4.3% annualized growth rate. Advisory net new assets were $11.0 billion, while brokerage net new assets were negative $2.2 billion. There were no acquired net new assets recorded in May.

Total client cash balances at the end of May were $54.8 billion, a decrease of $0.6 billion from the end of April. Total bank sweep balances were $51.9 billion, with the insured cash account sweep at $37.0 billion and the deposit cash account sweep at $14.8 billion. Net buying activity in May was $13.7 billion.

The S&P 500 Index ended May at 7,580, up 5.1% from the end of April and up 28.2% year-over-year. The Russell 2000 Index closed at 2,919, a 4.3% monthly gain. The average federal funds daily effective rate for the month was 363 basis points, down from 433 basis points a year ago.

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