LPL Financial's first quarter 2026 client assets grew 30% to $2.3 trillion, offsetting a sharp decline in recruiting.

LPL Financial reported first quarter 2026 revenue of $4.94 billion and diluted EPS of $4.43. Total client assets reached a new high, driven by strong market performance and a continued shift into advisory accounts.

Key Highlights

• Total client assets increased 30% year-over-year to $2.3 trillion, with advisory assets growing 42% to now represent 59.5% of the total.
• The company generated $21 billion in total organic net new assets, representing a 4% annualized growth rate.
• A notable headwind was a 55% year-over-year decline in recruited assets, which came in at $17 billion for the quarter.