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LPL Financial For Immediate Release Key Financial Results Diluted earnings per share ( " EPS " ) increased 15 % year - over - year to $ 1.46 . Net Income increased 17 % year - over - year to $ 119 million . EPS Prior to Amortization of Intangible Assets and Acquisition Costs * increased 30 % year - over - year to $ 1.85 . O ● O O O O Key Business Results Total Advisory and Brokerage Assets increased 46 % year - over - year to $ 1.1 trillion . Advisory assets increased 54 % year - over - year to $ 578 billion . Advisory assets as a percentage of total assets increased to 51.9 % , up from 49.3 % a year ago . Total Organic Net New Assets were $ 37 billion , translating to 16 % annualized growth , and $ 95 billion over the past twelve months , translating to 12 % annualized growth . Organic net new advisory assets were $ 21 billion , translating to 17 % annualized growth . Organic net new brokerage assets were $ 16 billion , translating to 14 % annualized growth . Acquired Net New Assets were $ 69 billion , of which $ 35 billion were brokerage and $ 33 billion were advisory , from the acquisition of the wealth management business of Waddell & Reed . Recruited Assets ( 1 ) were $ 35 billion , more than triple a year ago . O Investor Relations - Chris Koegel , ( 617 ) 897-4574 Media Relations - Lauren Hoyt - Williams , ( 813 ) 351-9203 investor.lpl.com/contactus.cfm O LPL Financial Announces Second Quarter 2021 Results Gross Profit * increased 23 % year - over - year to $ 602 million . Core G & A * increased 13 % year - over - year to $ 252 million . EBITDA * increased 18 % year - over - year to $ 243 million and EBITDA * as a percentage of Gross Profit * was 40 % . O Recruited Assets over the trailing twelve - months were $ 80 billion , more than double a year ago . Business Solutions subscriptions increased to approximately 2,100 , up 400 sequentially and more than double a year ago . Annualized revenue from Business Solutions increased to approximately $ 20 million , up by 54 % year over - year . Advisor count ( 2 ) was 19,114 , up 1,442 sequentially and 2,141 year - over - year . This included the addition of over 900 advisors from Waddell & Reed and over 200 advisors from M & T . Total client cash balances were $ 48.4 billion , an increase of $ 0.1 billion sequentially . Client cash balances as a percentage of total assets were 4.4 % . * See page 14 and the end notes to this release for further details about these non - GAAP financial measures . 1