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LPL reports increases in net income, total assets in first quarter

LPL's advisor head count totaled 21,521 at the end of Q1, an increase of 246 advisors from the previous quarter and up 1,430 year over year.

LPL Financial achieved increases in net income and total assets in the first quarter thanks to solid organic growth, firm officials said after the market close Thursday.

The independent-broker dealer reported net income of $339 million from January through the end of March, compared to $134 milli

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