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LPL Financial (LPLA) Witnesses Improvement in April Metrics
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LPL Financial Holdings Inc.’s (LPLA - Free Report) activity report for April 2018 reflects improvement from the prior month. The figures in the reported month include assets from its acquisition of the broker/dealer network of National Planning Holdings, Inc.
Notably, the company projects total asset transfer from National Planning Holdings to be $70-$75 billion, driven by more direct business assets joining its platform.
LPL Financial recorded total brokerage and advisory assets of $652.3 billion at the end of April, up 0.7% from the previous month. Of the total brokerage and advisory assets, brokerage assets were $367.6 billion while advisory assets were $284.7 billion as of Mar 31, 2018. Excluding National Planning Holdings, total brokerage and advisory assets increased 0.3% from March 2018 to $580.1 billion.
LPL Financial reported $28.9 billion of total client cash sweep balances for April, down 2.4% from March 2018. Of the total, $22.2 billion was insured cash, $4.0 billion was deposit cash, while the remaining $2.7 billion was money market cash balance.
With the gradual stabilization of equity markets, trading activities are anticipated to improve further. While dismal top-line growth remains a major near-term concern, LPL Financial’s efforts to extend its offerings to all affiliated advisors are expected to help the company gain greater market share.
The company’s share price movement reflects investors’ optimism as the stock has rallied 26.4% so far this year, outperforming 7.4% growth registered by the industry.
Performance of Other Investment Brokers
Interactive Brokers Group’s (IBKR - Free Report) Electronic Brokerage segment, which deals with clearance and settlement of trades for individual and institutional clients globally, has reported a fall in Daily Average Revenue Trades (DARTs) for April 2018. Total client DARTs were 812,000, decreasing 10% from March 2018 while increasing 26% from April 2017.
E*TRADE Financial reported a fall in Daily Average Revenue Trades (DARTs) for April 2018. According to its monthly market activity, the company’s DARTs were 249,939, down 12% from the prior month, while improving 28% year over year. Notably, derivatives comprised 35% of DARTs in April.
The Charles Schwab Corporation’s (SCHW - Free Report) activity report for April 2018 reflects a year-over-year improvement. Total client assets were $3.3 trillion, jumping 12% on a year-over-year basis. Further, client assets, receiving ongoing advisory services, were $1.7 trillion, up 15% year over year.
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Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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LPL Financial (LPLA) Witnesses Improvement in April Metrics
LPL Financial Holdings Inc.’s (LPLA - Free Report) activity report for April 2018 reflects improvement from the prior month. The figures in the reported month include assets from its acquisition of the broker/dealer network of National Planning Holdings, Inc.
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Notably, the company projects total asset transfer from National Planning Holdings to be $70-$75 billion, driven by more direct business assets joining its platform.
LPL Financial recorded total brokerage and advisory assets of $652.3 billion at the end of April, up 0.7% from the previous month. Of the total brokerage and advisory assets, brokerage assets were $367.6 billion while advisory assets were $284.7 billion as of Mar 31, 2018. Excluding National Planning Holdings, total brokerage and advisory assets increased 0.3% from March 2018 to $580.1 billion.
LPL Financial reported $28.9 billion of total client cash sweep balances for April, down 2.4% from March 2018. Of the total, $22.2 billion was insured cash, $4.0 billion was deposit cash, while the remaining $2.7 billion was money market cash balance.
With the gradual stabilization of equity markets, trading activities are anticipated to improve further. While dismal top-line growth remains a major near-term concern, LPL Financial’s efforts to extend its offerings to all affiliated advisors are expected to help the company gain greater market share.
LPL Financial currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The company’s share price movement reflects investors’ optimism as the stock has rallied 26.4% so far this year, outperforming 7.4% growth registered by the industry.
Performance of Other Investment Brokers
Interactive Brokers Group’s (IBKR - Free Report) Electronic Brokerage segment, which deals with clearance and settlement of trades for individual and institutional clients globally, has reported a fall in Daily Average Revenue Trades (DARTs) for April 2018. Total client DARTs were 812,000, decreasing 10% from March 2018 while increasing 26% from April 2017.
E*TRADE Financial reported a fall in Daily Average Revenue Trades (DARTs) for April 2018. According to its monthly market activity, the company’s DARTs were 249,939, down 12% from the prior month, while improving 28% year over year. Notably, derivatives comprised 35% of DARTs in April.
The Charles Schwab Corporation’s (SCHW - Free Report) activity report for April 2018 reflects a year-over-year improvement. Total client assets were $3.3 trillion, jumping 12% on a year-over-year basis. Further, client assets, receiving ongoing advisory services, were $1.7 trillion, up 15% year over year.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>