Investor Presentaiton

1 Industry leader with scale, structural tailwinds, and expanded addressable markets We are a market leader with scale advantages and industry tailwinds Growing Demand for Advice Projected Growth in US Retail Investment Market Independent Channel Gaining Share Leading Position in Traditional Markets Total Advisor-Mediated Assets Traditional Markets (4) Tripling our Total Addressable Markets Expanded Addressable Markets (4) ~$5T LPL: ~2% Advisor-Mediated: 5% CAGR -$18T -$21T Waddell & Reed added 2% market share in 2021 -$24T 100% ~$32T ~$28T Other Employee Channels: 3% CAGR -28% -27% 80% -26% ~$3T LPL: -16% ~$24T ~$8T ~$7T Wirehouses: 60% ~$6T 2% CAGR BMO and M&T added -4% market share in 2021; CUNA and People's expected to add ~4% market share in 2022 Rest of Market: -98% Rest of Market: -99% ~$4T LPL: <1%(4) -36% -34% 40% ~$24T ~$21T Independent Channels: -31% Rest of Market: -84% ~$1T LPL: -16% -$18T 20% 8% CAGR -36% -39% -43% Rest of Market: ~84% 0% 2016 2019 2022E 2016 2017 2018 2019 2020 2021 2022E Traditional Independent Third-Party Financial Institution Advisory-oriented Independent Addressable Employee Channels Advisor-Mediated Discount Direct LPL Financial Member FINRA/SIPC 8

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