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LPL Financial reports 43% Y/Y growth in July total advisory and brokerage assets

  • LPL Financial (NASDAQ:LPLA) reported July total advisory and brokerage assets stood at ~$1.13T (+1.6% M/M, +42.7% Y/Y).
  • Total net new assets stood at $10B, leading to an 11.5% annualized growth rate, which included $3B of brokerage assets from M&T Bank that onboarded in July.

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LPL Financial Holdings Inc.