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Investor Presentaiton

2 Horizontal expansion Our horizontal expansion strategy enables us to meet all ~300,000+ advisors where they are ~300K advisors in the marketplace: Independent ~55K advisors | $3T Hybrid RIAs ~30K advisors | $3T Independent RIAs ~40K advisors | $4T Employees ~30K advisors | $3T 2019 Traditional independent markets 2020 2021 2022 2023+ Strategic Wealth Provides comprehensive support for breakaway advisors to move to independence • Recruited over $10B in assets since launch(4) Linsco ⚫ Pairs the benefits of independence with the turnkey services of an employee model Enhanced RIA •⚫ Enables RIAs to leverage fully-integrated capabilities, technology, services, and clearing platform Wirehouse ~45K advisors | $9T Enterprises ~95K advisors | $5T Smaller bank / credit unions • Recruited over $5B in assets since launch(4) Core markets New affiliation models † 2021 Cerulli Broker-Dealer Marketplace Private wealth Large financial institutions Broader enterprises Future opportunity LPL Financial Member FINRA/SIPC 10
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