Investor Presentaiton

. 6 Capital light business model with significant capacity to deploy Our capital management strategy is focused on driving growth and maximizing shareholder value Our capital management principles Disciplined capital management to drive long-term shareholder value Maintain a strong and flexible balance sheet о Management target leverage ratio range of 1.5x to 2.5x о Flexible debt structure to support capital allocation Prioritize investments to support and drive organic growth Recruiting to drive net new assets Capital to support advisor growth and advisor M&A Investments in capabilities to attract new advisors and assets Capitalize on opportunistic M&A Dynamic capital allocation framework ROI Returns and opportunities vary over time M&A Organic growth о Remain prepared for attractive opportunities Return excess capital to shareholders Share repurchases Dividends Share repurchases / Dividends Use of cash LPL Financial Member FINRA/SIPC 21

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