Due to a late-year revival in securities market values and investor participation, LPL Investment Holdings, the parent of LPL Financial, reported Thursday that net income rose 4.4% last year to $47.5 million from a year earlier.

In the fourth quarter, the San Diego-based company's net income rose to $18.6 million from $2.4 million in the fourth quarter of 2008, it said in an 8-K filing to the Securities and Exchange Commission.

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