LPL Reports August Highlights, Onboards $400M Team Previously With Edward Jones
LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (Nasdaq:LPLA) released its monthly activity report for August 2025. Total advisory and brokerage assets at the end of August were $2.26 trillion, an increase of $324.1 billion, or 16.7%, compared to the end of July 2025.
Total net new assets for August were $292.8 billion, which included $275 billion of acquired net new assets resulting from the acquisition of Commonwealth Financial Network. Total organic net new assets for August were $17.8 billion, translating to an 11% annualized growth rate. This included $13.8 billion of assets from First Horizon Bank that fully onboarded in August, and $2.2 billion of assets that offboarded as part of the previously disclosed planned separation from misaligned large offices of supervisory jurisdiction, or OSJs.
Prior to these impacts, organic net new assets were $6.2 billion, translating to a 3.9% annualized growth rate. Total client cash balances at the end of August were $52.7 billion, an increase of $3.2 billion compared to the end of July 2025. This included $3.9 billion resulting from the acquisition of Commonwealth.
In other LPL news, advisers Benjamin Worley and Robert Monroe have formed Worley Monroe Advisors and joined LPL Financial’s broker-dealer and registered investment adviser platform. They reported serving approximately $400 million in advisory, brokerage, and retirement plan assets and come to LPL from Edward Jones.
Based in southeast Missouri in the town of Dexter, Worley’s interest in finance was sparked at a young age when he began investing in the stock market. He continued to invest throughout his teenage years before pursuing the career professionally. Monroe has always enjoyed working with people and served as a worship pastor for 16 years before joining the financial services sector.
“Our approach to clients begins with gaining a deep and personal understanding of their current situation and future goals,” said Worley. “I like to think of us as the ‘puzzle people.’ We take the various pieces of information provided by our clients about their financial situation and goals. We then help them configure these pieces in a way that helps them envision their financial future and pursue their objectives.”
Worley and Monroe said they landed on LPL after performing extensive due diligence and thinking about the qualities they wanted in their next firm: technology, customization, and independence.
“We chose LPL after conducting a thorough due diligence process with other firms. We were looking for a firm that would best fit our clients’ investment needs and help to up-level our client service, while also providing the necessary support for us professionally as advisers to grow and serve effectively,” said Monroe.
Monroe also emphasized LPL’s flexibility as a significant asset he and Worley were looking for, saying “we can now offer quality products while maintaining our own brand and client relationships.”
“LPL extends a warm welcome to the team and congratulates them on the launch of Worley Monroe Advisors. We are proud to support their vision by providing elevated services and integrated technology to help them remain competitive in the evolving wealth management landscape,” said Scott Posner, managing director, business development.
Recently, the advisers of Concentric Wealth Management joined LPL Financial’s broker-dealer and RIA. They reported serving approximately $715 million in advisory, brokerage, and retirement plan assets and join LPL from Avantax by Cetera.
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