LPL Financial Holdings Inc.’s LPLA total brokerage and advisory assets of $718 billion at the end of April 2020 grew 7.2% from the prior month and 2.7% year over year. Of the total brokerage and advisory assets, brokerage assets were $369.1 billion and advisory assets totaled $348.9 billion.The sequential rise resulted from improved equity markets, including a 12.7% rally in the S&P 500 Index.Total net new assets were $3.4 billion in April. This compared unfavorably with $5.6 billion in March 2020 but favorably with $0.9 billion in April 2019.LPL Financial reported $47 billion of total client cash balance, down 1.7% from March 2020 but up 12.7% from April 2019. Of the total, $33.9 billion was insured cash and $8.5 billion was deposit cash, while the remaining was money market balance.Shares of LPL Financial have lost 16.4% over the past year compared with 18.5% decline recorded by the industry.The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Performance of Other Brokerage FirmsInteractive Brokers Group IBKR released the Electronic Brokerage segment’s performance metrics for April 2020. The segment, which deals with clearance and settlement of trades for individual and institutional clients globally, reported a substantial surge in Daily Average Revenue Trades (DARTs) on a year-over-year basis.Charles Schwab SCHW reported monthly activity report for April 2020. The company recorded net new assets of $15.3 billion, down 45% from the previous month. In the prior-year month, net new assets were an outflow of $0.3 billion.E*TRADE Financial ETFC reported a rise in DARTs for April. According to its monthly-market activity, the company’s DARTs came in at 927,671, up 3% from the previous month and more than 200% year over year. Notably, derivatives comprised 25% of DARTs in the reported month.5 Stocks Set to DoubleEach was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Interactive Brokers Group, Inc. (IBKR): Free Stock Analysis Report ETRADE Financial Corporation (ETFC): Free Stock Analysis Report The Charles Schwab Corporation (SCHW): Free Stock Analysis Report LPL Financial Holdings Inc. (LPLA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research