We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
LPL Financial's Brokerage & Advisory Assets Rise in February
Read MoreHide Full Article
Key Takeaways
LPL Financial's total assets rose to $2.43T in February, up 1% MoM and 33.3% YoY, led by advisory assets.
LPLA advisory assets grew 1.3% MoM and 44.9% YoY, outpacing brokerage growth of 19.5% YoY.
LPL Financial posted $9.1B NNAs; client cash was $55.9B, down 1.1% MoM but up 9% YoY.
LPL Financial (LPLA - Free Report) witnessed an increase in total brokerage and advisory assets in February 2026. The metric was $2.43 trillion, rising almost 1% from the previous month and 33.3% year over year.
Of LPLA’s total assets, brokerage assets were $989.3 billion, while advisory assets totaled $1.44 trillion. Brokerage assets increased marginally from January 2026 and 19.5% year over year. Advisory assets grew 1.3% from the previous month and 44.9% from February 2025.
Total organic net new assets (NNAs) were $9.1 billion. NNAs were $4.2 billion and $23.8 billion in January 2026 and February 2025, respectively.
LPL Financial reported $55.9 billion of total client cash balance for February 2026, down 1.1% from the prior month but up 9% from February 2025. In February, $0.5 billion of sweep money market funds were converted into purchased money market funds. Before this impact, client cash balances decreased $0.2 billion from January 2026.
Of the total client cash balance, $37.8 billion was insured cash, $14.6 billion was deposit cash and the remaining was money-market sweep and client cash balance.
Our Take on LPL Financial
LPL Financial’s solid advisor productivity and recruiting efforts will likely continue to support advisory revenues. The company is expected to keep expanding inorganically, which will help diversify operations. However, uncertainty about the performance of the capital markets and elevated operating expenses are concerns.
Over the past six months, LPLA’s shares have lost 15.3% compared with the industry’s decline of 6.4%.
For January 2026, Charles Schwab’s (SCHW - Free Report) total client assets were $12.22 trillion, up 18.9% from February 2025 and marginally on a sequential basis. This was driven by the volatile markets during the month.
SCHW’s core NNAs were $32.5 billion in February 2026, down 32.3% from the prior-year month but up 16.9% sequentially. Client assets receiving ongoing advisory services totaled $6.26 trillion, up 20.5% from the year-ago period and 1.6% from the prior month.
Interactive Brokers Group, Inc.’s (IBKR - Free Report) Electronic Brokerage segment, which deals with the clearance and settlement of trades for individual and institutional clients globally, reported a year-over-year rise in client Daily Average Revenue Trades (“DARTs”) in February 2026.
IBKR’s total client DARTs in February 2026 were 4,366,000, a 21% increase from February 2025 but down 1% from January 2026. On an annualized basis, cleared average DARTs per customer account were 204 in February. The metric declined 9% on a year-over-year basis and 3% from January 2026.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
LPL Financial's Brokerage & Advisory Assets Rise in February
Key Takeaways
LPL Financial (LPLA - Free Report) witnessed an increase in total brokerage and advisory assets in February 2026. The metric was $2.43 trillion, rising almost 1% from the previous month and 33.3% year over year.
Of LPLA’s total assets, brokerage assets were $989.3 billion, while advisory assets totaled $1.44 trillion. Brokerage assets increased marginally from January 2026 and 19.5% year over year. Advisory assets grew 1.3% from the previous month and 44.9% from February 2025.
Total organic net new assets (NNAs) were $9.1 billion. NNAs were $4.2 billion and $23.8 billion in January 2026 and February 2025, respectively.
LPL Financial reported $55.9 billion of total client cash balance for February 2026, down 1.1% from the prior month but up 9% from February 2025. In February, $0.5 billion of sweep money market funds were converted into purchased money market funds. Before this impact, client cash balances decreased $0.2 billion from January 2026.
Of the total client cash balance, $37.8 billion was insured cash, $14.6 billion was deposit cash and the remaining was money-market sweep and client cash balance.
Our Take on LPL Financial
LPL Financial’s solid advisor productivity and recruiting efforts will likely continue to support advisory revenues. The company is expected to keep expanding inorganically, which will help diversify operations. However, uncertainty about the performance of the capital markets and elevated operating expenses are concerns.
Over the past six months, LPLA’s shares have lost 15.3% compared with the industry’s decline of 6.4%.
Image Source: Zacks Investment Research
Currently, LPL Financial carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of LPLA’s Peers
For January 2026, Charles Schwab’s (SCHW - Free Report) total client assets were $12.22 trillion, up 18.9% from February 2025 and marginally on a sequential basis. This was driven by the volatile markets during the month.
SCHW’s core NNAs were $32.5 billion in February 2026, down 32.3% from the prior-year month but up 16.9% sequentially. Client assets receiving ongoing advisory services totaled $6.26 trillion, up 20.5% from the year-ago period and 1.6% from the prior month.
Interactive Brokers Group, Inc.’s (IBKR - Free Report) Electronic Brokerage segment, which deals with the clearance and settlement of trades for individual and institutional clients globally, reported a year-over-year rise in client Daily Average Revenue Trades (“DARTs”) in February 2026.
IBKR’s total client DARTs in February 2026 were 4,366,000, a 21% increase from February 2025 but down 1% from January 2026. On an annualized basis, cleared average DARTs per customer account were 204 in February. The metric declined 9% on a year-over-year basis and 3% from January 2026.