LPL Financial delivered strong third quarter results, achieving record adjusted EPS of $5.20, driven by robust organic growth and the successful acquisition of Commonwealth Financial Network.

• Total assets reached a record $2.3 trillion, bolstered by $33 billion in organic net new assets, reflecting a 7% annualized growth rate.
• Recruited assets totaled $33 billion for the quarter, pushing the trailing 12-month total to an unprecedented $168 billion.
• Adviser retention remains high at 98%, even amid challenges, indicating strong client satisfaction and efficient service delivery.
• The acquisition of Commonwealth is progressing well, with nearly 80% of assets retained and ongoing enhancements to LPL’s technology platform.
• Focus on improving operational leverage and employee empowerment, with new initiatives in management training and benefits enhancement underway.