LPL Financial Reports Monthly Activity for October 2021

SAN DIEGO, Nov. 18, 2021 (Globe NEWSWIRE) — LPL Fiscal LLC, a wholly owned subsidiary of LPL Fiscal Holdings Inc. (Nasdaq: LPLA) (the “Company”), right now released its every month activity report for Oct 2021.

Full advisory and brokerage belongings at the conclusion of Oct have been approximately $1.18 trillion, an improve of $48 billion, or four.two%, in contrast to the conclusion of September 2021.

Full internet new belongings for Oct have been $seven.two billion, translating to a seven.six% annualized progress rate. Full internet new advisory belongings have been $six.six billion, translating to a thirteen.two% annualized progress rate.

Full consumer hard cash balances at the conclusion of Oct have been $fifty.nine billion, an improve of $.two billion in contrast to the conclusion of September 2021. Net buying in Oct was $5.8 billion.

(Conclude of Time period $ in billions, except observed) Oct September Alter Oct Alter
2021 2021 M/M 2020 Y/Y
Advisory and Brokerage Property          
Advisory Property 623.3 594. four.nine% 406. fifty three.5%
Brokerage Property 557.two 538.six 3.5% 401.six 38.seven%
Full Advisory and Brokerage Property 1,180.5 1,132.six four.two % 807.six 46.two %
Full Net New Property          
Net New Advisory Property six.six nine.six n/m 5.seven n/m
Net New Brokerage Property .seven 1.8 n/m .8 n/m
Full Net New Property seven.two eleven.four n/m six.5 n/m
Natural Net New Property          
Net New Natural Advisory Property six.six nine. n/m four.8 n/m
Net New Natural Brokerage Property .seven .1 n/m .two n/m
Full Natural Net New Property seven.two nine.1 n/m 5. n/m

 

Net Brokerage to Advisory Conversions 1.1 1.1 n/m .nine n/m
Shopper Cash Balances          
Insured Cash Account Balances 29.3 thirty.5 (3.nine%) 36. (18.six%)
Deposit Cash Account Balances 8.5 8.six (1.two%) 8.six (1.two%)
Full Bank Sweep Balances 37.8 39. (3.1%) forty four.six (fifteen.two%)
Income Market place Account Cash Balances eleven.3 nine.nine 14.1% 1.six n/m
Bought Income Market place Money 1.8 1.8 .% two.two (18.two%)
Full Income Market place Balances thirteen.1 eleven.seven twelve. % 3.8 n/m
Full Shopper Cash Balances fifty.nine fifty.seven .four % 48.3 5.four%

 

Net Invest in (Offer) Action 5.8 5.5 n/m two.5 n/m
Market place Indices          
S&P five hundred (conclusion of period) four,605 four,308 six.nine% 3,270 40.8%
Fed Money Powerful Charge (average bps) 8 8 .% nine (eleven.1%)
           

For further facts relating to these and other LPL Fiscal enterprise metrics, please refer to the Company’s most recent earnings announcement, which is readily available in the quarterly outcomes segment of investor.lpl.com.

About LPL Fiscal
LPL Fiscal was founded on the theory that the organization need to operate for the advisor, and not the other way all around. Currently, LPL is a leader* in the markets we serve, supporting far more than 19,000 fiscal advisors, and approximately 800 institution-based mostly financial commitment packages and 450 independent RIA corporations nationwide. We are steadfast in our determination to the advisor-centered design and the belief that Us residents deserve entry to personalised assistance from a fiscal advisor. At LPL, independence means that advisors have the independence they deserve to pick the enterprise design, companies, and technological know-how resources that allow for them to run their fantastic exercise. And they have the independence to take care of their consumer interactions, because they know their clients greatest. Simply set, we consider care of our advisors, so they can consider care of their clients.

* Prime RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report)
No. 1 Independent Broker-Seller in the U.S. (Dependent on whole revenues, Fiscal Preparing journal 1996-2021)
No. 1 service provider of 3rd-bash brokerage companies to financial institutions and credit score unions (2020-2021 Kehrer Bielan Investigation & Consulting Yearly TPM Report)
Fortune five hundred as of June 2021

Securities and Advisory companies available by way of LPL Fiscal LLC, a registered financial commitment advisor. Member FINRA/SIPC.

All over this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or financial commitment advisor representatives affiliated with LPL Fiscal LLC. We routinely disclose facts that may perhaps be crucial to shareholders in the “Trader Relations” or “Push Releases” segment of our web site.

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