Investor Presentaiton

6 Capital light business model with flexible allocation framework We have significant capital deployment capacity... Capital Deployment Capacity Above target leverage range Up to 2.5x leverage 4 ~$3.3-3.9B ~$1,030M-$1,620M 3 ~$2,240M 2 ~$30M 1 Capital Deployment Capacity Estimate as of Q1 2023 Potential M&A capacity above our target range Willing to temporarily go above our target leverage range for attractive M&A opportunities Incremental M&A leverage capacity within our target range Incremental capital accessible if all other capacity were deployed for M&A at a 6-8x purchase multiple (19) Additional leverage capacity Capital available to deploy up to 2.5x leverage Discretionary cash Corporate cash available to use above $200M management target as of Q1 2023 LPL Financial Member FINRA/SIPC 26

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