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LPL Financial Reports Monthly Activity for October 2021

SAN DIEGO, Nov. 18, 2021 (Globe NEWSWIRE) — LPL Money LLC, a wholly owned subsidiary of LPL Money Holdings Inc. (Nasdaq: LPLA) (the “Company”), right now launched its month-to-month action report for Oct 2021.

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

Full web new belongings for Oct have been $7.two billion, translating to a 7.six% annualized expansion price. Full web new advisory belongings have been $six.six billion, translating to a 13.two% annualized expansion price.

Full customer funds balances at the conclusion of Oct have been $fifty.9 billion, an improve of $.two billion in comparison to the conclusion of September 2021. Net purchasing in Oct was $5.8 billion.

(Finish of Period of time $ in billions, except if observed) Oct September Modify Oct Modify
2021 2021 M/M 2020 Y/Y
Advisory and Brokerage Belongings          
Advisory Belongings 623.3 594. four.9% 406. fifty three.5%
Brokerage Belongings 557.two 538.six 3.5% 401.six 38.7%
Full Advisory and Brokerage Belongings 1,180.5 1,132.six four.two % 807.six forty six.two %
Full Net New Belongings          
Net New Advisory Belongings six.six 9.six n/m 5.7 n/m
Net New Brokerage Belongings .7 1.8 n/m .8 n/m
Full Net New Belongings 7.two eleven.four n/m six.5 n/m
Organic Net New Belongings          
Net New Organic Advisory Belongings six.six 9. n/m four.8 n/m
Net New Organic Brokerage Belongings .7 .1 n/m .two n/m
Full Organic Net New Belongings 7.two 9.1 n/m 5. n/m

 

Net Brokerage to Advisory Conversions 1.1 1.1 n/m .9 n/m
Customer Dollars Balances          
Insured Dollars Account Balances 29.3 thirty.5 (3.9%) 36. (18.six%)
Deposit Dollars Account Balances 8.5 8.six (1.two%) 8.six (1.two%)
Full Financial institution Sweep Balances 37.8 39. (3.1%) 44.six (15.two%)
Dollars Industry Account Dollars Balances eleven.3 9.9 14.1% 1.six n/m
Ordered Dollars Industry Funds 1.8 1.8 .% two.two (18.two%)
Full Dollars Industry Balances 13.1 eleven.7 12. % 3.8 n/m
Full Customer Dollars Balances fifty.9 fifty.7 .four % 48.3 5.four%

 

Net Purchase (Offer) Exercise 5.8 5.5 n/m two.5 n/m
Industry Indices          
S&P five hundred (conclusion of period) four,605 four,308 six.9% 3,270 forty.8%
Fed Funds Productive Price (average bps) 8 8 .% 9 (eleven.1%)
           

For more details about these and other LPL Money enterprise metrics, please refer to the Company’s most the latest earnings announcement, which is offered in the quarterly effects section of investor.lpl.com.

About LPL Money
LPL Money was founded on the principle that the agency should function for the advisor, and not the other way about. Nowadays, LPL is a chief* in the markets we provide, supporting more than 19,000 fiscal advisors, and somewhere around 800 establishment-based expenditure programs and 450 independent RIA firms nationwide. We are steadfast in our determination to the advisor-centered product and the perception that People deserve access to personalized guidance from a fiscal advisor. At LPL, independence indicates that advisors have the liberty they deserve to pick the enterprise product, services, and technological know-how assets that enable them to run their ideal observe. And they have the liberty to manage their customer interactions, for the reason that they know their shoppers very best. Just place, we acquire treatment of our advisors, so they can acquire treatment of their shoppers.

* Leading RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report)
No. 1 Independent Broker-Vendor in the U.S. (Centered on full revenues, Money Planning magazine 1996-2021)
No. 1 company of 3rd-social gathering brokerage services to financial institutions and credit unions (2020-2021 Kehrer Bielan Analysis & Consulting Once-a-year TPM Report)
Fortune five hundred as of June 2021

Securities and Advisory services presented via LPL Money LLC, a registered expenditure advisor. Member FINRA/SIPC.

During this conversation, the terms “financial advisors” and “advisors” are employed to refer to registered reps and/or expenditure advisor reps affiliated with LPL Money LLC. We routinely disclose details that may be crucial to shareholders in the “Investor Relations” or “Press Releases” section of our web site.

Investor Relations – Chris Koegel, (617) 897-4574
Media Relations – Lauren Hoyt-Williams, (980) 321-1232
investor.lpl.com/make contact with-us