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LPL Financial (LPLA) November Brokerage & Advisory Assets Up

Zacks Equity Research

LPL Financial Holdings Inc.’s LPLA total brokerage and advisory assets of $747.8 billion at the end of November 2019 grew 2.2% from the prior month and 13.4% year over year. Of the total brokerage and advisory assets, brokerage assets were $392.9 billion while advisory assets were $354.9 billion.

Total net new assets were an inflow of $2.9 billion in November. This included $0.1 billion of outflows related to a large hybrid firm. Prior to the outflows, total net new assets were an inflow of $2.7 billion.

LPL Financial reported $31.8 billion of total client cash sweep balance, up 0.6% from October 2019 and 6.4% from November 2018. Of the total, $22.9 billion was insured cash and $4.6 billion was deposit cash while the remaining $4.3 billion was money market balance.

Backed by decent equity markets performance, trading activities are expected to improve. This, in turn, will support revenues.

Shares of LPL Financial have rallied 50.9% so far this year, outperforming 19.6% growth for the industry.


LPL Financial currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Performance of Other Brokerage Firms

Tradeweb Markets Inc. TW reported average daily volume of $693.0 billion for November. The figure was up 22% year over year.

E*TRADE Financial ETFC reported a sequential and year-over-year rise in Daily Average Revenue Trades (DARTs) for November. The company’s DARTs came in at 354,434, up 22% from the previous month and 32% year over year. Notably, derivatives accounted for 33% of DARTs.

Charles Schwab SCHW reported total client assets of $3.94 trillion in November 2019, up 2% from October and 15% from the year-ago month. Client assets receiving ongoing advisory services were $2.06 trillion, up 2% from the prior month and 15% year over year.

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