LPL reports monthly activity for October 2021 | Your money

SAN DIEGO, November 18, 2021 (GLOBE NEWSWIRE) – LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. ( Nasdaq: LPLA ) (the “Company”), today published its monthly activity report for the month of October 2021.

Total advisory and brokerage assets at the end of October were 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.

For more information regarding these and other LPL Financial business actions, please see the company’s most recent earnings announcement, which is available in the quarterly results section of

About LPL Financial LPL Financial was founded on the premise 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.

* No. 1 RIA Custodian (Cerulli Associates, 2019 US RIA Marketplace Report) No. 1 in independent brokers in the United States (based on total revenues, Financial Planning magazine 1996-2021) No. 1 in third-party brokerage services to banks and credit unions (Kehrer Bielan Research & Consulting Annual TPM Report 2020-2021) 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

Copyright 2021 GlobeNewswire, Inc.

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Marianne R. Winn