LPL Financial Reports Monthly Activity November 2021

SAN DIEGO, December 16, 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 November 2021.

Total advisory and brokerage assets at the end of November stood at around $ 1.17 trillion, down $ 10 billion, or 0.8%, from the end of October 2021.

Total new net assets for November stood at $ 6.9 billion, translating into an annualized growth rate of 7.0%. Total new net consulting assets stood at $ 7.1 billion, resulting in an annualized growth rate of 13.7%.

Total customer cash balances at the end of November stood at $ 51.9 billion, an increase of $ 1.0 billion from the end of October 2021. Net purchases in November were 5 , 5 billion dollars.

(End of period in billions of dollars, unless otherwise indicated) November October Change November Change
2021 2021 H / M 2020 A / A
Advisory and brokerage assets
Advisory assets 620.1 623.3 (0.5 %) 442.0 40.3 %
Brokerage assets 550.7 557.2 (1.2 %) 431.3 27.7 %
Total advisory and brokerage assets 1170.8 1180.5 (0.8 %) 873.3 34.1 %

Total new net assets

New net advisory assets 7.1 6.6 n / m 5.8 n / m
New net brokerage assets (0.3 ) 0.7 n / m 1.6 n / m
Total new net assets 6.9 7.2 n / m 7.4 n / m

New organic net assets

New net organic advisory assets 7.1 6.6 n / m 4.2 n / m
New net organic brokerage assets (0.3 ) 0.7 n / m 0.7 n / m
Total new organic net assets 6.9 7.2 n / m 4.9 n / m
Net brokerage to advisory conversions 1.2 1.1 n / m 0.7 n / m

Customer cash balances

Insured cash account balances 29.9 29.3 2.0 % 36.1 (17.2 %)
Deposit account balances in cash 8.5 8.5 0.0 % 8.3 2.4 %
Total bank transfer balances 38.4 37.8 1.6 % 44.5 (13.7 %)
Cash balances in money market accounts 11.6 11.3 2.7 % 1.5 n / m
Money market funds purchased 1.9 1.8 5.6 % 2.1 (9.5 %)
Total Money Market Balances 13.5 13.1 3.1 % 3.6 n / m
Total customer cash balances 51.9 50.9 2.0 % 48.1 7.9 %
Net buying (selling) activity 5.5 5.8 n / m 4.2 n / m
Market indices
S&P 500 (end of period) 4,567 4,605 (0.8 %) 3,622 26.1 %
Effective Fed Funds rate (average bp) 8 8 0.0 % 9 (11.1 %)

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 nationwide. We are unwavering in our commitment to the Advisor-Centered Model and the belief that Americans deserve access to the personalized advice of 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 they can take care of their clients.

* AIR’s main custodian (Cerulli Associates, 2019 US RIA Marketplace Report); No. 1 among independent brokers in the United States (based on total revenues, Financial Planning magazine 1996-2021); 1st provider of brokerage services on behalf of third parties to banks and credit unions (TPM Annual Report 2020-2021 Kehrer Bielan Research & Consulting); Fortune 500 in June 2021

Securities and advisory services offered by LPL Financial LLC, an SEC registered brokerage and 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.


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Marianne R. Winn