LPL Financial Reports Monthly Activity for November 2021

Lavern Vogel

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

 

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