LPL Financial (LPLA) said late Thursday its total advisory and brokerage assets rose 0.9% to $2.431 trillion in February from January.
Total organic net new assets in February were $9.1 billion, translating to a 4.5% annualized growth rate, the company said.
The company added that its total client cash balances stood at $55.9 billion at the end of February, versus $56.5 billion in January.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments