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LPL Financial (LPLA) Records Improvement in February Assets
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LPL Financial Holdings Inc.’s (LPLA - Free Report) total brokerage and advisory assets of $925.1 billion at the end of February 2021 increased 2% from the prior month and 25.6% year over year. Of the total assets, brokerage assets were $447.7 billion and advisory assets totaled $477.4 billion.
Total assets increased from the prior month owing to significant volatility in the markets. Compared with January 2021, the S&P 500 Index rallied 2.1% in February.
Total net new assets were $5.9 billion in the reported month. In January 2021, net new assets were $3.6 billion and in February 2020 it summed $5.3 billion.
LPL Financial reported $48.3 billion of total client cash balance, down 1% from January 2021 but up 41.2% from February 2020. Of the total, $37.3 billion was insured cash and $7.9 billion was deposit cash, while the remaining was money-market balance.
So far this year, shares of LPL Financial have gained 34.9%, outperforming 26.2% growth recorded by the industry.
Interactive Brokers Group (IBKR - Free Report) released its Electronic Brokerage segment’s performance metrics for February 2021. The segment reported a substantial surge in Daily Average Revenue Trades (DARTs) for the reported month. Total client DARTs were 3,695,000, surging 175% from February 2020 and 12% from January 2021.
Tradeweb Markets Inc. (TW - Free Report) reported total trading volume of $20.4 trillion in February 2021. Average daily volumes were a record $1.06 trillion, up 19.9% year over year.
Charles Schwab (SCHW - Free Report) released its activity report for the month of February 2021. Total client assets were $6.90 trillion, up 2% from January 2021 and 79% from February 2020. Client assets receiving ongoing advisory services were $3.4 trillion, up 2% from the prior month and 69% year over year.
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LPL Financial (LPLA) Records Improvement in February Assets
LPL Financial Holdings Inc.’s (LPLA - Free Report) total brokerage and advisory assets of $925.1 billion at the end of February 2021 increased 2% from the prior month and 25.6% year over year. Of the total assets, brokerage assets were $447.7 billion and advisory assets totaled $477.4 billion.
Total assets increased from the prior month owing to significant volatility in the markets. Compared with January 2021, the S&P 500 Index rallied 2.1% in February.
Total net new assets were $5.9 billion in the reported month. In January 2021, net new assets were $3.6 billion and in February 2020 it summed $5.3 billion.
LPL Financial reported $48.3 billion of total client cash balance, down 1% from January 2021 but up 41.2% from February 2020. Of the total, $37.3 billion was insured cash and $7.9 billion was deposit cash, while the remaining was money-market balance.
So far this year, shares of LPL Financial have gained 34.9%, outperforming 26.2% growth recorded by the industry.
The company currently carries 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
Interactive Brokers Group (IBKR - Free Report) released its Electronic Brokerage segment’s performance metrics for February 2021. The segment reported a substantial surge in Daily Average Revenue Trades (DARTs) for the reported month. Total client DARTs were 3,695,000, surging 175% from February 2020 and 12% from January 2021.
Tradeweb Markets Inc. (TW - Free Report) reported total trading volume of $20.4 trillion in February 2021. Average daily volumes were a record $1.06 trillion, up 19.9% year over year.
Charles Schwab (SCHW - Free Report) released its activity report for the month of February 2021. Total client assets were $6.90 trillion, up 2% from January 2021 and 79% from February 2020. Client assets receiving ongoing advisory services were $3.4 trillion, up 2% from the prior month and 69% year over year.
+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities
In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second.
Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.
Click here to download this report FREE >>