Investor Presentaiton

6 Capital light business model with flexible allocation framework 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 Flexible debt structure to support capital allocation Prioritize investments to support and drive organic growth Recruiting to drive net new assets Dynamic capital allocation framework • Capital to support advisor growth and advisor M&A Investments in capabilities to attract new advisors and assets ROI Capitalize on opportunistic M&A Remain prepared for attractive opportunities • Facilitate advisor monetization and transitions through Liquidity & Succession solutions Returns and opportunities vary over time M&A Organic growth Share repurchases / Dividends • Return excess capital to shareholders Share repurchases Dividends Use of cash LPL Financial Member FINRA/SIPC 24

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