LPL Financial Reports Monthly Activity for August 2021

SAN DIEGO, Sept. 21, 2021 (Globe NEWSWIRE) — LPL Fiscal LLC, a wholly owned subsidiary of LPL Fiscal Holdings Inc. (Nasdaq: LPLA) (the “Company”), right now unveiled its regular exercise report for August 2021.

Total advisory and brokerage assets at the conclusion of August were being approximately $1.16 trillion, an maximize of $27. billion, or 2.four%, as opposed to the conclusion of July 2021.

Total web new assets for August were being $7.6 billion(1), translating to an eight.6%(1) annualized progress rate. This provided $1.3 billion of brokerage assets from M&T Financial institution that onboarded in August(2). Total web new advisory assets were being $6.four billion, translating to a 13.9%(1) annualized progress rate.

Total consumer money balances at the conclusion of August were being $49.7 billion, an maximize of $1.2 billion as opposed to the conclusion of July 2021. Internet getting in August was $5.6 billion.

           
(Conclusion of Time period $ in billions, except noted)
 
August July Alter August Alter
2021 2021 M/M 2020 Y/Y
Advisory and Brokerage Property(3)          
Advisory Property 604.6 588.four 2.eight % 410.four 47.3 %
Brokerage Property 552.3 541.four 2. % 412.2 34. %
Total Advisory and Brokerage Property 1,156.9 1,129.9 2.four % 822.7 40.6 %

Internet New Property(1)

         
Internet New Advisory Property 6.four 5.7 n/m 3.1 n/m
Internet New Brokerage Property 1.2 four.3 n/m . n/m
Total Internet New Property 7.6 10. n/m 3.1 n/m
           

 

Internet Brokerage to Advisory Conversions 1.2 .eight n/m .6 n/m
           
Shopper Hard cash Balances          
Insured Hard cash Account Balances 33.2 34.four (3.5 %) 33.four (.6 %)
Deposit Hard cash Account Balances eight.2 7.9 3.eight % 7.6 7.9 %
Total Financial institution Sweep Balances forty one.four 42.2 (1.9 %) forty one. 1. %
Dollars Sector Account Hard cash Balances 6.3 four.3 46.5 % 1.5 320. %
Procured Dollars Sector Cash 1.9 1.9 . % 2.6 (26.9 %)
Total Dollars Sector Balances eight.3 6.3 31.7 % four.1 102.four %
Total Shopper Hard cash Balances 49.7 forty eight.5 2.5 % forty five.1 10.2 %

 

           
Internet Get (Sell) Exercise 5.6 6.5 n/m 3.6 n/m
           
Sector Indices          
S&P five hundred (conclusion of period of time) four,523 four,395 2.9 % 3,five hundred 29.2 %
Fed Cash Effective Level (typical bps) 9 10 (10. %) 9 . %
             

 

 

(1) Waddell & Reed assets and web new assets were being not provided in August Internet New Asset totals or in the calculation of web new asset annualized progress costs as we continue to onboard assets from Waddell & Reed that are held specifically with sponsors.
(2) As of the conclusion of August, $19.9 billion of consumer assets have onboarded from M&T Financial institution out of a full of $21.9 billion, like $1.3 billion of consumer assets that were being onboarded in August.
(3) Assumes ~98% asset retention of Waddell & Reed full assets.

For further data pertaining to these and other LPL Fiscal small business metrics, make sure you refer to the Company’s most modern earnings announcement, which is readily available in the quarterly effects part of investor.lpl.com.

About LPL Fiscal
LPL Fiscal was established on the basic principle that the firm must perform for the advisor, and not the other way all over. Currently, LPL is a leader* in the markets we serve, supporting a lot more than 19,000 money advisors, and approximately 800 institution-dependent financial commitment programs and 450 unbiased RIA corporations nationwide. We are steadfast in our determination to the advisor-centered model and the perception that Us citizens are worthy of accessibility to goal steerage from a money advisor. At LPL, independence suggests that advisors have the liberty they are worthy of to decide on the small business model, services, and know-how assets that allow them to run their ideal practice. And they have the liberty to deal with their consumer associations, since they know their purchasers greatest. Basically set, we just take treatment of our advisors, so they can just take treatment of their purchasers.

* Major RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report)
No. 1 Unbiased Broker-Seller in the U.S (Dependent on full revenues, Fiscal Scheduling magazine June 1996-2020)
No. 1 service provider of 3rd-bash brokerage services to banks and credit score unions (2019-2020 Kehrer Bielan Analysis & Consulting Once-a-year TPM Report)
Fortune five hundred as of June 2021

Securities and Advisory services presented by means of LPL Fiscal LLC, a registered financial commitment advisor. Member FINRA/SIPC.

In the course of this interaction, the phrases “financial advisors” and “advisors” are applied to refer to registered representatives and/or financial commitment advisor representatives affiliated with LPL Fiscal LLC. We routinely disclose data that might be important to shareholders in the “Investor Relations” or “Push Releases” part of our internet site.

Investor Relations – Chris Koegel, (617) 897-4574
Media Relations – Lauren Hoyt-Williams, (980) 321-1232

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