04:28 PM EDT, 06/20/2024 (MT Newswires) -- LPL Financial Holdings' ( LPLA ) unit LPL Financial LLC said late Thursday that advisory and brokerage assets stood at $1.464 trillion at the end of May, an increase of $51.4 billion from April.

Net new assets were $11.2 billion in May, compared with $12 billion in April.

Client cash balances came in at $44.5 billion in May, a drop of $1.2 billion from a month earlier.

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