Record Organic Asset Growth
LPL Financial delivered industry-leading organic asset growth of 10% in 2024, aided by the onboarding of Prudential Advisors and setting recruiting records in both independent advisor and institutional channels.
Q4 Record Organic Net New Assets
In Q4, LPL Financial attracted record organic net new assets of $68 billion, representing a 17% annualized growth rate, leading to total assets reaching a new high of $1.7 trillion.
Acquisition and Integration Milestones
LPL Financial closed the acquisition of Atria Wealth Solutions and onboarded Prudential Advisors, with the transaction progressing well, on track to meet a 80% retention target.
Strong Financial Performance
LPL Financial achieved record adjusted earnings per share of $16.51 for the year and $4.25 for Q4. Gross profit increased by $100 million sequentially to $1,228 million.