LPL Financial Holdings has reported $1.74 trillion in total advisory and brokerage assets for the 2024 fiscal year, increasing by 29 percent since 2023.
Its total adviser count reached 28,888, as it added 6,200 more in the past year through its acquisition of Atria Wealth Solutions. LPL reported $12.4 billion in total revenue for 2024, increasing by 23 percent in 2023. Its net income maintained at $1.1 billion.
As for recruited assets, LPL reached $149 billion, increasing by 90 percent year over year. $71 billion of that amount came from its independent adviser channel and $63 billion was from institutional relationships. LPL is focused on expanding its adviser support in the coming year.
