SAN DIEGO, Dec. 16, 2021 (Globe NEWSWIRE) — LPL Economic LLC, a wholly owned subsidiary of LPL Economic Holdings Inc. (Nasdaq: LPLA) (the “Company”), today released its regular monthly action report for November 2021.
Full advisory and brokerage assets at the end of November were approximately $1.seventeen trillion, a minimize of $10 billion, or .eight%, in contrast to the end of Oct 2021.
Full internet new assets for November were $six.nine billion, translating to a seven.% annualized expansion amount. Full internet new advisory assets were $seven.1 billion, translating to a 13.seven% annualized expansion amount.
Full customer dollars balances at the end of November were $fifty one.nine billion, an raise of $1. billion in contrast to the end of Oct 2021. Net obtaining in November was $five.five billion.
| (Close of Time period $ in billions, except if pointed out) |
November | Oct | Transform | November | Transform | |||
| 2021 | 2021 | M/M | 2020 | Y/Y | ||||
| Advisory and Brokerage Property | ||||||||
| Advisory Property | 620.1 | 623.three | (.five | %) | 442. | 40.three | % | |
| Brokerage Property | 550.seven | 557.two | (1.two | %) | 431.three | 27.seven | % | |
| Full Advisory and Brokerage Property | 1,170.eight | 1,a hundred and eighty.five | (.eight | %) | 873.three | 34.1 | % | |
|
Full Net New Property |
||||||||
| Net New Advisory Property | seven.1 | six.six | n/m | five.eight | n/m | |||
| Net New Brokerage Property | (.three | ) | .seven | n/m | 1.six | n/m | ||
| Full Net New Property | six.nine | seven.two | n/m | seven.four | n/m | |||
|
Organic Net New Property |
||||||||
| Net New Organic Advisory Property | seven.1 | six.six | n/m | four.two | n/m | |||
| Net New Organic Brokerage Property | (.three | ) | .seven | n/m | .seven | n/m | ||
| Full Organic Net New Property | six.nine | seven.two | n/m | four.nine | n/m | |||
| Net Brokerage to Advisory Conversions | 1.two | 1.1 | n/m | .seven | n/m | |||
|
Client Income Balances |
||||||||
| Insured Income Account Balances | 29.nine | 29.three | two. | % | 36.1 | (seventeen.two | %) | |
| Deposit Income Account Balances | eight.five | eight.five | . | % | eight.three | two.four | % | |
| Full Bank Sweep Balances | 38.four | 37.eight | 1.six | % | 44.five | (13.seven | %) | |
| Income Current market Account Income Balances | eleven.six | eleven.three | two.seven | % | 1.five | n/m | ||
| Acquired Income Current market Funds | 1.nine | 1.eight | five.six | % | two.1 | (nine.five | %) | |
| Full Income Current market Balances | 13.five | 13.1 | three.1 | % | three.six | n/m | ||
| Full Client Income Balances | fifty one.nine | 50.nine | two. | % | forty eight.1 | seven.nine | % | |
| Net Obtain (Market) Activity | five.five | five.eight | n/m | four.two | n/m | ||||||||||
| Current market Indices | |||||||||||||||
| S&P five hundred (end of interval) | four,567 | four,605 | (.eight | %) | three,622 | 26.1 | % | ||||||||
| Fed Funds Productive Amount (regular bps) | eight | eight | . | % | nine | (eleven.1 | %) | ||||||||
For more data pertaining to these and other LPL Economic enterprise metrics, you should refer to the Company’s most latest earnings announcement, which is accessible in the quarterly final results segment of trader.lpl.com.
About LPL Economic
LPL Economic was started on the basic principle that the firm must perform for the advisor, and not the other way all around. These days, LPL is a chief* in the marketplaces we provide, supporting more than 19,000 financial advisors, and approximately 800 institution-primarily based investment decision programs and 450 impartial RIA companies nationwide. We are steadfast in our dedication to the advisor-centered product and the belief that Americans deserve entry to customized guidance from a financial advisor. At LPL, independence signifies that advisors have the liberty they deserve to pick the enterprise product, products and services, and engineering assets that let them to operate their best follow. And they have the liberty to deal with their customer interactions, due to the fact they know their consumers ideal. Merely put, we consider care of our advisors, so they can consider care of their consumers.
* Prime RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report) No. 1 Independent Broker-Dealer in the U.S (Based on complete revenues, Economic Planning magazine 1996-2021) No. 1 company of third-social gathering brokerage products and services to banks and credit score unions (2020-2021 Kehrer Bielan Investigate & Consulting Yearly TPM Report) Fortune five hundred as of June 2021
Securities and Advisory products and services available through LPL Economic LLC, a SEC-registered broker-seller and investment decision advisor. Member FINRA/SIPC.
Through this conversation, the terms “financial advisors” and “advisors” are applied to refer to registered representatives and/or investment decision advisor representatives affiliated with LPL Economic LLC. We routinely disclose data that may be critical to shareholders in the “Trader Relations” or “Press Releases” segment of our web-site.
| Trader Relations – Chris Koegel, (617) 897-4574 |
| Media Relations – Lauren Hoyt-Williams, (980) 321-1232 |
| trader.lpl.com/call-us |
More Stories
How to Test Your Business Idea Before Investing
How to Validate Your Business Idea in 7 Steps
From Dream to Reality: Crafting a Winning Business Idea