LPL Financial Reports Monthly Activity October 2021

SAN DIEGO, November 18, 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 October 2021.

Total advisory and brokerage assets at the end of October stood at around $ 1.18 trillion, an increase of $ 48 billion, or 4.2%, from the end of September 2021.

Total new net assets for October stood at $ 7.2 billion, translating into an annualized growth rate of 7.6%. Total new net consulting assets were $ 6.6 billion, an annualized growth rate of 13.2%.

Total customer cash balances at the end of October stood at $ 50.9 billion, an increase of $ 0.2 billion from the end of September 2021. Net purchases in October were $ 5. $ 8 billion.

(End of period in billions of dollars, unless otherwise indicated) October September Switch October Switch
2021 2021 H / M 2020 A / A
Advisory and brokerage assets
Advisory assets 623.3 594.0 4.9% 406.0 53.5%
Brokerage assets 557.2 538.6 3.5% 401.6 38.7%
Total advisory and brokerage assets 1180.5 1132.6 4.2 % 807.6 46.2 %
Total new net assets
New net advisory assets 6.6 9.6 n / m 5.7 n / m
New net brokerage assets 0.7 1.8 n / m 0.8 n / m
Total new net assets 7.2 11.4 n / m 6.5 n / m
New organic net assets
New net organic advisory assets 6.6 9.0 n / m 4.8 n / m
New net organic brokerage assets 0.7 0.1 n / m 0.2 n / m
Total new organic net assets 7.2 9.1 n / m 5.0 n / m
Net brokerage to advisory conversions 1.1 1.1 n / m 0.9 n / m
Customer cash balances
Insured cash account balances 29.3 30.5 (3.9%) 36.0 (18.6%)
Deposit account balances in cash 8.5 8.6 (1.2%) 8.6 (1.2%)
Total bank transfer balances 37.8 39.0 (3.1%) 44.6 (15.2%)
Cash balances in money market accounts 11.3 9.9 14.1% 1.6 n / m
Money market funds purchased 1.8 1.8 0.0% 2.2 (18.2%)
Total money market balances 13.1 11.7 12.0 % 3.8 n / m
Total customer cash balances 50.9 50.7 0.4 % 48.3 5.4%
Net buying (selling) activity 5.8 5.5 n / m 2.5 n / m
Market indices
S&P 500 (end of period) 4,605 4,308 6.9% 3,270 40.8%
Effective Fed Funds rate (average bps) 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-centric 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 Custodian (Cerulli Associates, 2019 US RIA Marketplace Report)
1st independent broker 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 (Annual report TPM 2020-2021 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