LPL Financial Reports Monthly Activity August 2021

SAN DIEGO, September 21, 2021 (GLOBE NEWSWIRE) – LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (Nasdaq: LPLA) (the “Company”), today released its monthly activity report for August 2021.

Total advisory and brokerage assets at the end of August were around $ 1.16 trillion, an increase of $ 27.0 billion, or 2.4%, from the end of July 2021.

Total new net assets for the month of August stood at $ 7.6 billion(1), resulting in an 8.6%(1) annualized growth rate. This included $ 1.3 billion in brokerage assets from M&T Bank which integrated in August(2). Total new net advisory services assets amounted to $ 6.4 billion, resulting in a(1) annualized growth rate.

Total customer cash balances at the end of August stood at $ 49.7 billion, an increase of $ 1.2 billion from the end of July 2021. Net purchases in August stood at 5 , $ 6 billion.

(End of period $ in billions, unless otherwise indicated) August July Switch August Switch
2021 2021 H / M 2020 A / A
Advisory and brokerage assets(3)
Advisory assets 604.6 588.4 2.8 % 410.4 47.3 %
Brokerage assets 552.3 541.4 2.0 % 412.2 34.0 %
Total advisory and brokerage assets 1,156.9 1,129.9 2.4 % 822.7 40.6 %

New net assets(1)

New net advisory assets 6.4 5.7 n / m 3.1 n / m
New net brokerage assets 1.2 4.3 n / m 0.0 n / m
Total new net assets 7.6 10.0 n / m 3.1 n / m
Net brokerage to advisory conversions 1.2 0.8 n / m 0.6 n / m
Customer cash balances
Insured cash account balances 33.2 34.4 (3.5 %) 33.4 (0.6 %)
Deposit cash account balances 8.2 7.9 3.8 % 7.6 7.9 %
Total bank transfer balances 41.4 42.2 (1.9 %) 41.0 1.0 %
Cash balances in money market accounts 6.3 4.3 46.5 % 1.5 320.0 %
Money market funds purchased 1.9 1.9 0.0 % 2.6 (26.9 %)
Total money market balances 8.3 6.3 31.7 % 4.1 102.4 %
Total customer cash balances 49.7 48.5 2.5 % 45.1 10.2 %
Net buying (selling) activity 5.6 6.5 n / m 3.6 n / m
Market indices
S&P 500 (end of period) 4,523 4.395 2.9 % 3,500 29.2 %
Effective Fed Funds rate (average bps) 9 ten (10.0 %) 9 0.0 %
(1) Waddell & Reed’s assets and new net assets have not been included in the August totals of new net assets nor in the calculation of the annualized growth rates of new net assets as we continue to include the assets of Waddell & Reed which are owned directly from the sponsors.
(2) By the end of August, $ 19.9 billion in client assets had been integrated from M&T Bank out of a total of $ 21.9 billion, of which $ 1.3 billion in client assets were integrated in August.
(3) Assumes retention of approximately 98% of total Waddell & Reed assets.

For more information on these and other LPL Financial business metrics, please see the company’s most recent earnings announcement, which is available in the quarterly earnings section of investor.lpl.com .

About LPL Financière
LPL Financial was founded on the principle that the firm should work for the adviser, not the other way around. Today, LPL is a leader * in the markets we serve, supporting more than 19,000 financial advisors, and approximately 800 institutional investment programs and 450 independent RIA companies across the country. We are unwavering in our commitment to the advisor-centric model and our belief that Americans deserve access to objective advice from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services and technological resources that allow them to perfectly manage their practice. And they have the freedom to manage their customer relationships because they know their customers better. Simply put, we take care of our advisors so that they can take care of their clients.

* AIR Custodian (Cerulli Associates, 2019 US RIA Marketplace Report)
# 1 Independent Broker in the United States (Based on Total Revenue, Financial Planning magazine June 1996-2020)
1st provider of brokerage services on behalf of third parties to banks and credit unions (TPM Annual Report 2019-2020 by Kehrer Bielan Research & Consulting)
Fortune 500 in June 2021

Securities and advisory services offered by LPL Financial LLC, a registered investment advisor. FINRA / SIPC member.

Throughout this communication, the terms “financial advisers” and “advisers” are used to refer to the registered representatives and / or representatives of the investment advisers affiliated with LPL Financial LLC. We regularly disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

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

Investor.lpl.com/contactez-nous


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Marianne R. Winn

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