LPL Financial shares jumped 5.1% in the afternoon session after the independent financial services firm reported that total client assets reached $2.60 trillion at the end of August 2026, up $55.3 billion, or 2.2%, from July. According to the company's monthly activity release, total organic net new assets were $13.5 billion for the month, a 6.4% annualized growth rate, while client cash balances rose to $54.4 billion. Separately, LPL said financial advisors Jon Burnett, Dan Fowler, and Chad Carlile rejoined its platforms from Raymond James' independent advisor channel, bringing about $430 million in advisory, brokerage, and retirement-plan assets, InvestmentNews reported. After the initial pop, the shares cooled down to $314.47, up 3.9% from the previous close. LPL Financial is down 13% since the beginning of the year, and at $314.47 per share, it is trading 20% below its 52-week high of $393.25 from February 2026.
Raymond James Financial Inc.Three advisors left Raymond James' independent advisor channel to rejoin LPL, taking ~$430M in assets.
Yulon Finance Corp
LPL Financial Holdings IncTotal client assets rose to $2.60T with $13.5B organic net new assets in August, plus advisors rejoining with ~$430M in assets.
