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.

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