---
schema_version: "secwatch.filing_event.v1"
accession: "0001397911-24-000103"
form_type: "8-K"
ticker: "LPLA"
cik: "0001397911"
company_name: "LPL Financial Holdings Inc."
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:14:24.768969+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# LPL Financial Q2 net income $244M, EPS $3.23 down 12% YoY; adjusted EPS $3.88 down 2%

## Summary
- Net income of $244M, diluted EPS of $3.23, down 12% YoY; adjusted EPS of $3.88, down 2% YoY.
- Total advisory and brokerage assets hit $1.5T (+21% YoY); advisory assets $829B (+25% YoY), representing 55.4% of total.
- Organic net new assets of $29B (8% annualized); organic net new advisory assets of $27B (13% annualized).
- Recruited assets $24B in quarter, trailing twelve months $93B (+55% YoY); advisor count 23,462, up 578 sequentially.
- Client cash balances of $44B, down $2B sequentially and $6B YoY; as % of assets 2.9%, down from 4.0% a year ago.

## SEC filing metadata
- accession: 0001397911-24-000103
- form_type: 8-K
- ticker: LPLA
- cik: 0001397911
- company_name: LPL Financial Holdings Inc.
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1397911/000139791124000103/0001397911-24-000103-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1397911/000139791124000103/lpla-20240725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001397911-24-000103
- JSON: https://secwatch.observer/filing/0001397911-24-000103.json
- Plain text: https://secwatch.observer/filing/0001397911-24-000103.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.