LPL Financial Holdings Inc.’s (LPLA - Free Report) total brokerage and advisory assets of $907 billion at the end of January 2021 increased marginally from the prior month and 18.3% year over year. Of the total assets, brokerage assets were $442.3 billion and advisory assets totaled $464.6 billion.
Total assets increased from the prior month despite not so impressive performance of the equity markets. Compared with December 2020, the S&P 500 Index declined 1.1% in January.
Total net new assets were $3.6 billion for the reported month. In December 2020, net new assets were $7.9 billion and in January 2020 it was $3.5 billion.
LPL Financial reported $48.8 billion of total client cash balance, down marginally from December 2020 but up 45.7% from January 2020. Of the total, $37.5 billion was insured cash and $8 billion was deposit cash, while the remaining was money-market balance.
Over the past six months, shares of LPL Financial have gained 65.7% compared with 53.9% growth recorded by the industry.
The company currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Brokerage Firms
Interactive Brokers Group (IBKR - Free Report) released its Electronic Brokerage segment’s performance metrics for January 2021. The segment reported a substantial surge in Daily Average Revenue Trades (DARTs) on a year-over-year basis. Total client DARTs were 3,295,000, surging 223% from January 2020 and increasing 43% from December 2020.
Tradeweb Markets Inc. (TW - Free Report) reported total trading volume of $20.0 trillion in January 2021. Average daily volumes were a record $1 trillion, up 29.5% year over year.
Charles Schwab (SCHW - Free Report) released its activity report for January 2021. Total client assets were $6.76 trillion, up 1% from December 2020 and 67% from January 2020. Client assets receiving ongoing advisory services were $3.31 trillion, up marginally from the prior month and 57% year over year.
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LPL Financial Holdings Inc.’s (LPLA - Free Report) total brokerage and advisory assets of $907 billion at the end of January 2021 increased marginally from the prior month and 18.3% year over year. Of the total assets, brokerage assets were $442.3 billion and advisory assets totaled $464.6 billion.
Total assets increased from the prior month despite not so impressive performance of the equity markets. Compared with December 2020, the S&P 500 Index declined 1.1% in January.
Total net new assets were $3.6 billion for the reported month. In December 2020, net new assets were $7.9 billion and in January 2020 it was $3.5 billion.
LPL Financial reported $48.8 billion of total client cash balance, down marginally from December 2020 but up 45.7% from January 2020. Of the total, $37.5 billion was insured cash and $8 billion was deposit cash, while the remaining was money-market balance.
Over the past six months, shares of LPL Financial have gained 65.7% compared with 53.9% growth recorded by the industry.
The company currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Brokerage Firms
Interactive Brokers Group (IBKR - Free Report) released its Electronic Brokerage segment’s performance metrics for January 2021. The segment reported a substantial surge in Daily Average Revenue Trades (DARTs) on a year-over-year basis. Total client DARTs were 3,295,000, surging 223% from January 2020 and increasing 43% from December 2020.
Tradeweb Markets Inc. (TW - Free Report) reported total trading volume of $20.0 trillion in January 2021. Average daily volumes were a record $1 trillion, up 29.5% year over year.
Charles Schwab (SCHW - Free Report) released its activity report for January 2021. Total client assets were $6.76 trillion, up 1% from December 2020 and 67% from January 2020. Client assets receiving ongoing advisory services were $3.31 trillion, up marginally from the prior month and 57% year over year.
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Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.
Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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