April 21, 2024


Imagination at work

LPL Financial Reports Monthly Activity for August 2021

SAN DIEGO, Sept. 21, 2021 (World NEWSWIRE) — LPL Monetary LLC, a wholly owned subsidiary of LPL Monetary Holdings Inc. (Nasdaq: LPLA) (the “Company”), today released its every month exercise report for August 2021.

Total advisory and brokerage belongings at the end of August have been about $1.sixteen trillion, an raise of $27. billion, or 2.four%, as opposed to the end of July 2021.

Total net new belongings for August have been $7.six billion(1), translating to an eight.six%(1) annualized expansion charge. This bundled $1.three billion of brokerage belongings from M&T Financial institution that onboarded in August(2). Total net new advisory belongings have been $six.four billion, translating to a thirteen.9%(1) annualized expansion charge.

Total shopper money balances at the end of August have been $49.7 billion, an raise of $1.2 billion as opposed to the end of July 2021. Internet buying in August was $5.six billion.

(Finish of Period $ in billions, unless noted)
August July Adjust August Adjust
2021 2021 M/M 2020 Y/Y
Advisory and Brokerage Belongings(three)          
Advisory Belongings 604.six 588.four 2.eight % 410.four forty seven.three %
Brokerage Belongings 552.three 541.four 2. % 412.2 34. %
Total Advisory and Brokerage Belongings 1,156.9 1,129.9 2.four % 822.7 forty.six %

Internet New Belongings(1)

Internet New Advisory Belongings six.four 5.7 n/m three.1 n/m
Internet New Brokerage Belongings 1.2 four.three n/m . n/m
Total Internet New Belongings 7.six 10. n/m three.1 n/m


Internet Brokerage to Advisory Conversions 1.2 .eight n/m .six n/m
Client Income Balances          
Insured Income Account Balances 33.2 34.four (three.5 %) 33.four (.six %)
Deposit Income Account Balances eight.2 7.9 three.eight % 7.six 7.9 %
Total Financial institution Sweep Balances forty one.four forty two.2 (1.9 %) forty one. 1. %
Cash Sector Account Income Balances six.three four.three forty six.5 % 1.5 320. %
Obtained Cash Sector Funds 1.9 1.9 . % 2.six (26.9 %)
Total Cash Sector Balances eight.three six.three 31.7 % four.1 102.four %
Total Client Income Balances 49.7 forty eight.5 2.5 % forty five.1 10.2 %


Internet Buy (Provide) Exercise 5.six six.5 n/m three.six n/m
Sector Indices          
S&P 500 (end of interval) four,523 four,395 2.9 % three,500 29.2 %
Fed Funds Productive Rate (common bps) 9 10 (10. %) 9 . %



(1) Waddell & Reed belongings and net new belongings have been not bundled in August Internet New Asset totals or in the calculation of net new asset annualized expansion premiums as we carry on to onboard belongings from Waddell & Reed that are held specifically with sponsors.
(2) As of the end of August, $19.9 billion of shopper belongings have onboarded from M&T Financial institution out of a whole of $21.9 billion, which include $1.three billion of shopper belongings that have been onboarded in August.
(three) Assumes ~98% asset retention of Waddell & Reed whole belongings.

For further details about these and other LPL Monetary business enterprise metrics, make sure you refer to the Company’s most modern earnings announcement, which is readily available in the quarterly results portion of trader.lpl.com.

About LPL Monetary
LPL Monetary was founded on the theory that the agency really should do the job for the advisor, and not the other way all around. These days, LPL is a leader* in the markets we serve, supporting more than 19,000 monetary advisors, and about 800 institution-centered expense courses and 450 impartial RIA firms nationwide. We are steadfast in our dedication to the advisor-centered product and the belief that Americans have earned access to goal assistance from a monetary advisor. At LPL, independence indicates that advisors have the liberty they have earned to choose the business enterprise product, services, and technological innovation sources that allow them to operate their ideal observe. And they have the liberty to handle their shopper relationships, for the reason that they know their customers most effective. Basically put, we just take care of our advisors, so they can just take care of their customers.

* Best RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report)
No. 1 Independent Broker-Dealer in the U.S (Dependent on whole revenues, Monetary Preparing magazine June 1996-2020)
No. 1 service provider of 3rd-bash brokerage services to banking companies and credit score unions (2019-2020 Kehrer Bielan Exploration & Consulting Yearly TPM Report)
Fortune 500 as of June 2021

Securities and Advisory services made available as a result of LPL Monetary LLC, a registered expense advisor. Member FINRA/SIPC.

In the course of this communication, the conditions “financial advisors” and “advisors” are applied to refer to registered associates and/or expense advisor associates affiliated with LPL Monetary LLC. We routinely disclose details that may perhaps be significant to shareholders in the “Trader Relations” or “Press Releases” portion of our website.

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

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