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LPL Financial For Immediate Release Key Financial Results Net Income was $ 103 million , translating to diluted earnings per share ( " EPS " ) of $ 1.26 . EPS prior to amortization of intangible assets and acquisition costs * increased 23 % year - over - year to $ 1.77 . ● ● ● ● Key Business Results Total advisory and brokerage assets increased 40 % year - over - year to $ 1.13 trillion . Advisory assets increased 46 % year - over - year to $ 594 billion . Advisory assets as a percentage of total assets increased to 52.4 % , up from 50.1 % a year ago . Total organic net new assets were $ 27 billion , translating to 10 % annualized growth , and $ 110 billion over the past twelve months , translating to 14 % annualized growth . · 0 ● O O O O O 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 Third Quarter 2021 Results 0 Gross profit * increased 25 % year - over - year to $ 631 million . Core G & A * increased 19 % year - over - year to $ 271 million . EBITDA * increased 10 % year - over - year to $ 225 million and EBITDA * as a percentage of Gross profit * was 36 % . Recruited assets were $ 13 billion , up by 24 % from a year ago . Recruited assets over the trailing twelve - months were $ 83 billion , more than double a year ago . Business Solutions subscriptions increased to 2,598 , up 513 sequentially and more than double a year ago . O Organic net new advisory assets were $ 21 billion , translating to 16 % annualized growth . Organic net new brokerage assets were $ 6 billion , translating to 4 % annualized growth . Acquired net new assets were $ 2.3 billion , of which $ 0.6 billion were advisory and $ 1.7 billion were brokerage , bringing us to a total of $ 71 billion of acquired net new assets from our acquisition of Waddell & Reed . ( 1 ) Annualized revenue from Business Solutions increased to approximately $ 25 million , up by over 60 % year - over - year . Advisor count ( 2 ) was 19,627 , up 513 sequentially and 2,459 year - over - year ** . Total client cash balances were $ 51 billion , an increase of $ 2 billion sequentially . Client cash balances as a percentage of total assets were 4.5 % . * See the Non - GAAP Financial Measures section and the end notes to this release for further details about these non - GAAP financial measures . ** This included the addition of approximately 280 associate advisors with Waddell & Reed that became financial professionals with LPL Financial upon onboarding to LPL's platform . 1