LPL Financial Reports Monthly Activity for October 2021

Lavern Vogel

SAN DIEGO, Nov. eighteen, 2021 (World NEWSWIRE) — LPL Monetary LLC, a wholly owned subsidiary of LPL Monetary Holdings Inc. (Nasdaq: LPLA) (the “Company”), currently introduced its regular exercise report for Oct 2021.

Total advisory and brokerage assets at the stop of Oct have been around $one.eighteen trillion, an maximize of $48 billion, or 4.two%, in contrast to the stop of September 2021.

Total internet new assets for Oct have been $seven.two billion, translating to a seven.6% annualized progress fee. Total internet new advisory assets have been $6.6 billion, translating to a thirteen.two% annualized progress fee.

Total shopper money balances at the stop of Oct have been $fifty.9 billion, an maximize of $.two billion in contrast to the stop of September 2021. Web getting in Oct was $five.8 billion.

(Close of Time period $ in billions, until pointed out) Oct September Improve Oct Improve
2021 2021 M/M 2020 Y/Y
Advisory and Brokerage Property          
Advisory Property 623.3 594. 4.9% 406. 53.five%
Brokerage Property 557.two 538.6 3.five% 401.6 38.seven%
Total Advisory and Brokerage Property one,180.five one,132.6 4.two % 807.6 46.two %
Total Web New Property          
Web New Advisory Property 6.6 9.6 n/m five.seven n/m
Web New Brokerage Property .seven one.8 n/m .8 n/m
Total Web New Property seven.two 11.4 n/m 6.five n/m
Natural and organic Web New Property          
Web New Natural and organic Advisory Property 6.6 9. n/m 4.8 n/m
Web New Natural and organic Brokerage Property .seven .one n/m .two n/m
Total Natural and organic Web New Property seven.two 9.one n/m five. n/m

 

Web Brokerage to Advisory Conversions one.one one.one n/m .9 n/m
Customer Funds Balances          
Insured Funds Account Balances 29.3 30.five (3.9%) 36. (eighteen.6%)
Deposit Funds Account Balances 8.five 8.6 (one.two%) 8.6 (one.two%)
Total Lender Sweep Balances 37.8 39. (3.one%) 44.6 (fifteen.two%)
Income Market Account Funds Balances 11.3 9.9 14.one% one.6 n/m
Acquired Income Market Funds one.8 one.8 .% two.two (eighteen.two%)
Total Income Market Balances thirteen.one 11.seven twelve. % 3.8 n/m
Total Customer Funds Balances fifty.9 fifty.seven .4 % 48.3 five.4%

 

Web Acquire (Promote) Action five.8 five.five n/m two.five n/m
Market Indices          
S&P 500 (stop of period of time) 4,605 4,308 6.9% 3,270 forty.8%
Fed Funds Efficient Rate (average bps) 8 8 .% 9 (11.one%)
           

For added facts with regards to these and other LPL Monetary organization metrics, be sure to refer to the Company’s most modern earnings announcement, which is readily available in the quarterly final results segment of investor.lpl.com.

About LPL Monetary
LPL Monetary was started on the theory that the agency should really perform for the advisor, and not the other way all over. Nowadays, LPL is a chief* in the markets we serve, supporting additional than 19,000 monetary advisors, and around 800 institution-centered investment systems and 450 independent RIA companies nationwide. We are steadfast in our commitment to the advisor-centered design and the belief that Us citizens deserve entry to individualized steering from a monetary advisor. At LPL, independence signifies that advisors have the freedom they deserve to pick the organization design, providers, and technology resources that allow for them to run their perfect follow. And they have the freedom to deal with their shopper interactions, for the reason that they know their consumers greatest. Simply just put, we just take treatment of our advisors, so they can just take treatment of their consumers.

* Leading RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report)
No. one Independent Broker-Vendor in the U.S. (Centered on total revenues, Monetary Arranging journal 1996-2021)
No. one service provider of 3rd-occasion brokerage providers to financial institutions and credit score unions (2020-2021 Kehrer Bielan Research & Consulting Once-a-year TPM Report)
Fortune 500 as of June 2021

Securities and Advisory providers made available by LPL Monetary LLC, a registered investment advisor. Member FINRA/SIPC.

All through this interaction, the terms “financial advisors” and “advisors” are utilized to refer to registered representatives and/or investment advisor representatives affiliated with LPL Monetary LLC. We routinely disclose facts that might be crucial to shareholders in the “Investor Relations” or “Press Releases” segment of our web page.

Investor Relations – Chris Koegel, (617) 897-4574
Media Relations – Lauren Hoyt-Williams, (980) 321-1232
investor.lpl.com/get in touch with-us

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