21/10/2021

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LPL Financial Reports Monthly Activity for August 2021

SAN DIEGO, Sept. 21, 2021 (World NEWSWIRE) — LPL Money LLC, a wholly owned subsidiary of LPL Money Holdings Inc. (Nasdaq: LPLA) (the “Company”), today launched its regular monthly activity report for August 2021.

Total advisory and brokerage assets at the finish of August had been about $one.16 trillion, an increase of $27. billion, or two.four%, in comparison to the finish of July 2021.

Total net new assets for August had been $seven.six billion(one), translating to an 8.six%(one) annualized progress amount. This provided $one.3 billion of brokerage assets from M&T Bank that onboarded in August(two). Total net new advisory assets had been $six.four billion, translating to a thirteen.9%(one) annualized progress amount.

Total customer income balances at the finish of August had been $forty nine.seven billion, an increase of $one.two billion in comparison to the finish of July 2021. Web purchasing in August was $5.six billion.

           
(Finish of Period of time $ in billions, unless of course mentioned)
 
August July Modify August Modify
2021 2021 M/M 2020 Y/Y
Advisory and Brokerage Property(3)          
Advisory Property 604.six 588.four two.8 % 410.four 47.3 %
Brokerage Property 552.3 541.four two. % 412.two 34. %
Total Advisory and Brokerage Property one,156.9 one,129.9 two.four % 822.seven forty.six %

Web New Property(one)

         
Web New Advisory Property six.four 5.seven n/m 3.one n/m
Web New Brokerage Property one.two four.3 n/m . n/m
Total Web New Property seven.six 10. n/m 3.one n/m
           

 

Web Brokerage to Advisory Conversions one.two .8 n/m .six n/m
           
Consumer Income Balances          
Insured Income Account Balances 33.two 34.four (3.5 %) 33.four (.six %)
Deposit Income Account Balances 8.two seven.9 3.8 % seven.six seven.9 %
Total Bank Sweep Balances forty one.four 42.two (one.9 %) forty one. one. %
Money Market place Account Income Balances six.3 four.3 forty six.5 % one.5 320. %
Bought Money Market place Funds one.9 one.9 . % two.six (26.9 %)
Total Money Market place Balances 8.3 six.3 31.seven % four.one 102.four %
Total Consumer Income Balances forty nine.seven 48.5 two.5 % forty five.one 10.two %

 

           
Web Purchase (Provide) Activity 5.six six.5 n/m 3.six n/m
           
Market place Indices          
S&P five hundred (finish of period of time) four,523 four,395 two.9 % 3,five hundred 29.two %
Fed Funds Successful Price (normal bps) 9 10 (10. %) 9 . %
             

 

 

(one) Waddell & Reed assets and net new assets had been not provided in August Web New Asset totals or in the calculation of net new asset annualized progress premiums as we carry on to onboard assets from Waddell & Reed that are held immediately with sponsors.
(two) As of the finish of August, $19.9 billion of customer assets have onboarded from M&T Bank out of a overall of $21.9 billion, like $one.3 billion of customer assets that had been onboarded in August.
(3) Assumes ~98% asset retention of Waddell & Reed overall assets.

For further details concerning these and other LPL Money enterprise metrics, be sure to refer to the Company’s most modern earnings announcement, which is available in the quarterly effects portion of trader.lpl.com.

About LPL Money
LPL Money was founded on the principle that the agency must perform for the advisor, and not the other way all-around. Now, LPL is a leader* in the marketplaces we provide, supporting far more than 19,000 financial advisors, and about 800 establishment-dependent investment decision applications and 450 unbiased RIA corporations nationwide. We are steadfast in our determination to the advisor-centered model and the perception that Americans should have entry to objective assistance from a financial advisor. At LPL, independence means that advisors have the flexibility they should have to pick the enterprise model, expert services, and technology assets that permit them to run their perfect follow. And they have the flexibility to take care of their customer interactions, for the reason that they know their customers finest. Just put, we acquire treatment of our advisors, so they can acquire treatment of their customers.

* Leading RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report)
No. one Unbiased Broker-Vendor in the U.S (Dependent on overall revenues, Money Setting up journal June 1996-2020)
No. one service provider of 3rd-occasion brokerage expert services to banks and credit unions (2019-2020 Kehrer Bielan Investigation & Consulting Annual TPM Report)
Fortune five hundred as of June 2021

Securities and Advisory expert services made available via LPL Money LLC, a registered investment decision advisor. Member FINRA/SIPC.

All through this communication, the phrases “financial advisors” and “advisors” are applied to refer to registered representatives and/or investment decision advisor representatives affiliated with LPL Money LLC. We routinely disclose details that may well be essential to shareholders in the “Investor Relations” or “Push Releases” portion of our internet site.

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

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