Investor Presentaiton

2 Horizontal expansion We provide a compelling value proposition for enterprises to outsource their wealth business Growing enterprise opportunity Value proposition Initially, we focused on financial institutions as our primary opportunity for outsourced wealth management ■ As we onboarded several financial institutions in recent years, we've built a number of new capabilities and continue to innovate based on learnings from those onboardings ■ In doing so, we've exposed new opportunities to serve broader enterprises, expanding our addressable market from $1T to $5T ■ To capitalize on this opportunity, there are additional capabilities we are building Our value proposition resonates for enterprises outsourcing for the first time or looking to upgrade their existing provider Enhanced client experience Accelerate Growth " Attract new advisors Reduce Cost and Risk Seamless Conversion Process " Improved capacity to invest in the business Operational efficiency and technology: outsourced back-and middle-office support • Can lead to 10 point improvement in operating margint Regulatory and risk reduction: transferred regulatory and compliance risk Organic NNA has driven the majority of enterprise asset growth Enterprise Assets ($B) Organic Growth ~$290 -$280 ~$270 -$200 21% 19% -$170 Minimize business disruption through integration and operational support 17% ~$145 Dedicated onboarding team with experience transitioning several large enterprises to our platform Enterprise economics 4% 3% 3% Due to size and asset mix, Gross Profit ROA for Large Enterprises is typically ~15 bps+ " Attractive Margins The lower ROA is factored into our TA underwriting process Given our scale, there is also a lower cost to serve enterprises 2018 2019 2020 2021 2022 Overall, new enterprise partnerships are in-line with our broader margins Q1'23 LTM t 2021 Kehrer Bielan Research & Consulting Report LPL Financial Member FINRA/SIPC 12

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