LPL Financial Reports Monthly Activity for November 2021

SAN DIEGO, Dec. 16, 2021 (Globe NEWSWIRE) — LPL Economic LLC, a wholly owned subsidiary of LPL Economic Holdings Inc. (Nasdaq: LPLA) (the “Company”), currently released its month to month action report for November 2021.

Full advisory and brokerage property at the finish of November were approximately $1.seventeen trillion, a minimize of $ten billion, or .8%, in comparison to the finish of October 2021.

Full web new property for November were $six.9 billion, translating to a seven.% annualized advancement amount. Full web new advisory property were $seven.1 billion, translating to a 13.seven% annualized advancement amount.

Full customer cash balances at the finish of November were $51.9 billion, an boost of $1. billion in comparison to the finish of October 2021. Net purchasing in November was $five.five billion.

For additional information regarding these and other LPL Economic small business metrics, you should refer to the Company’s most modern earnings announcement, which is offered in the quarterly effects portion of investor.lpl.com.

About LPL Economic
LPL Economic was founded on the basic principle that the firm should really perform for the advisor, and not the other way close to. Today, LPL is a leader* in the marketplaces we serve, supporting far more than 19,000 monetary advisors, and approximately 800 institution-dependent financial investment applications and 450 unbiased RIA corporations nationwide. We are steadfast in our dedication to the advisor-centered model and the belief that Americans deserve obtain to individualized steerage from a monetary advisor. At LPL, independence means that advisors have the independence they deserve to opt for the small business model, services, and technological innovation methods that allow for them to run their excellent follow. And they have the independence to handle their customer interactions, due to the fact they know their clients very best. Simply place, we choose care of our advisors, so they can choose care of their clients.

* Prime RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report) No. 1 Impartial Broker-Supplier in the U.S (Based on total revenues, Economic Organizing journal 1996-2021) No. 1 service provider of third-get together brokerage services to financial institutions and credit history unions (2020-2021 Kehrer Bielan Research & Consulting Annual TPM Report) Fortune 500 as of June 2021

Securities and Advisory services presented through LPL Economic LLC, a SEC-registered broker-seller and financial investment advisor. Member FINRA/SIPC.

Throughout this interaction, the terms “financial advisors” and “advisors” are applied to refer to registered representatives and/or financial investment advisor representatives affiliated with LPL Economic LLC. We routinely disclose information that may possibly be critical to shareholders in the “Trader Relations” or “Push Releases” portion of our website.