LPL Investment Holdings posted strong first-quarter earnings largely on the strength of a larger fleet of advisors that kept busy getting investors get off the sidelines and back into active investing.
The company had $330 billion in total advisory and brokerage assets by March 31, 2011, according to the company. That is a record level, and a 16% increase from the $284 billion it took in during the same period last year. A big part of that growth came from advisory activity, Mark Casady, chairman and chief executive officer of LPL Financial said during an earnings call on Monday evening.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access