Investor Presentaiton

1 Industry leader in the advisor-mediated marketplace We are a market leader with scale advantages and structural tailwinds Growing demand for advice Projected Growth in US Retail Advisor-Mediated Market+ Independent channel gaining share Total U.S. Retail Advisor-Mediated Assets Market leader, with expanded addressable markets+ Traditional Independent Enterprises RIA Employee Channel -2x L i $27T Advisor-Mediated: 5% CAGR ~$20T ~$23T 100% ~$30T ~$30T Other Employee Channels (2): 5% CAGR ~$26T 80% -28% -28% -28% ~$23T ~$20T ~$20T Wirehouses: 60% 2% CAGR -36% -34% -28% 40% 20% Independent Channels (2): 8% CAGR -36% -37% 0% 2017 2018 2019 2020 2025E 2017 2018 2019 2020 † 2021 Cerulli U.S. Retail and Institutional Asset Management Report and Cerulli Lodestar projections. Excludes self-directed market. Estimated market sizing based on 2021 Cerulli reports. See endnote (3) for additional detail. + -44% -3x $12T $13T $7T $4T $5T $4T $5T $1T $1T $3T $3T $3T 2025E 2017 Investor Day 2019 Investor Day 2022 Investor Day LPL Financial Member FINRA/SIPC 7

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