SAN DIEGO, Sept. 21, 2021 (World NEWSWIRE) — LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (Nasdaq: LPLA) (the “Company”), currently unveiled its month to month action report for August 2021.
Total advisory and brokerage belongings at the conclude of August had been roughly $1.sixteen trillion, an boost of $27. billion, or two.four%, when compared to the conclude of July 2021.
Total internet new belongings for August had been $7.6 billion(1), translating to an eight.6%(1) annualized advancement rate. This integrated $1.three billion of brokerage belongings from M&T Lender that onboarded in August(two). Total internet new advisory belongings had been $6.four billion, translating to a thirteen.9%(1) annualized advancement rate.
Total consumer dollars balances at the conclude of August had been $forty nine.7 billion, an boost of $1.two billion when compared to the conclude of July 2021. Internet getting in August was $5.6 billion.
| (Finish of Interval $ in billions, except if observed) |
August | July | Change | August | Change | ||
| 2021 | 2021 | M/M | 2020 | Y/Y | |||
| Advisory and Brokerage Assets(three) | |||||||
| Advisory Assets | 604.6 | 588.four | two.eight | % | 410.four | forty seven.three | % |
| Brokerage Assets | 552.three | 541.four | two. | % | 412.two | 34. | % |
| Total Advisory and Brokerage Assets | 1,156.9 | 1,129.9 | two.four | % | 822.7 | forty.6 | % |
|
Internet New Assets(1) |
|||||||
| Internet New Advisory Assets | 6.four | 5.7 | n/m | three.1 | n/m | ||
| Internet New Brokerage Assets | 1.two | four.three | n/m | . | n/m | ||
| Total Internet New Assets | 7.6 | 10. | n/m | three.1 | n/m | ||
| Internet Brokerage to Advisory Conversions | 1.two | .eight | n/m | .6 | n/m | ||
| Consumer Money Balances | |||||||
| Insured Money Account Balances | 33.two | 34.four | (three.5 | %) | 33.four | (.6 | %) |
| Deposit Money Account Balances | eight.two | 7.9 | three.eight | % | 7.6 | 7.9 | % |
| Total Lender Sweep Balances | 41.four | forty two.two | (1.9 | %) | 41. | 1. | % |
| Funds Marketplace Account Money Balances | 6.three | four.three | 46.5 | % | 1.5 | 320. | % |
| Procured Funds Marketplace Cash | 1.9 | 1.9 | . | % | two.6 | (26.9 | %) |
| Total Funds Marketplace Balances | eight.three | 6.three | 31.7 | % | four.1 | 102.four | % |
| Total Consumer Money Balances | forty nine.7 | forty eight.5 | two.5 | % | forty five.1 | 10.two | % |
| Internet Obtain (Provide) Exercise | 5.6 | 6.5 | n/m | three.6 | n/m | |||||||
| Marketplace Indices | ||||||||||||
| S&P five hundred (conclude of period of time) | four,523 | four,395 | two.9 | % | three,five hundred | 29.two | % | |||||
| Fed Cash Powerful Price (common bps) | 9 | 10 | (10. | %) | 9 | . | % | |||||
| (1) | Waddell & Reed belongings and internet new belongings had been not integrated in August Internet New Asset totals or in the calculation of internet new asset annualized advancement fees as we keep on to onboard belongings from Waddell & Reed that are held specifically with sponsors. |
| (two) | As of the conclude of August, $19.9 billion of consumer belongings have onboarded from M&T Lender out of a total of $21.9 billion, which includes $1.three billion of consumer belongings that had been onboarded in August. |
| (three) | Assumes ~98% asset retention of Waddell & Reed total belongings. |
For additional information and facts with regards to these and other LPL Financial company metrics, be sure to refer to the Company’s most modern earnings announcement, which is accessible in the quarterly benefits segment of trader.lpl.com.
About LPL Financial
LPL Financial was established on the theory that the business really should function for the advisor, and not the other way all around. These days, LPL is a leader* in the markets we serve, supporting far more than 19,000 fiscal advisors, and roughly 800 establishment-based mostly investment decision systems and 450 unbiased RIA corporations nationwide. We are steadfast in our commitment to the advisor-centered product and the belief that People should have entry to objective assistance from a fiscal advisor. At LPL, independence suggests that advisors have the liberty they should have to decide on the company product, companies, and know-how resources that make it possible for them to run their excellent observe. And they have the liberty to manage their consumer relationships, due to the fact they know their clients finest. Simply set, we get care of our advisors, so they can get care of their clients.
* Prime RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report)
No. 1 Impartial Broker-Dealer in the U.S (Based mostly on total revenues, Financial Preparing magazine June 1996-2020)
No. 1 service provider of 3rd-get together brokerage companies to banking companies and credit rating unions (2019-2020 Kehrer Bielan Investigation & Consulting Yearly TPM Report)
Fortune five hundred as of June 2021
Securities and Advisory companies made available by LPL Financial LLC, a registered investment decision advisor. Member FINRA/SIPC.
Throughout this interaction, the phrases “financial advisors” and “advisors” are utilised to refer to registered representatives and/or investment decision advisor representatives affiliated with LPL Financial LLC. We routinely disclose information and facts that may be important to shareholders in the “Trader Relations” or “Press Releases” segment of our web page.
Trader Relations – Chris Koegel, (617) 897-4574
Media Relations – Lauren Hoyt-Williams, (980) 321-1232
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