LPL Financial Reports Monthly Activity for August 2021

Elvera Bartels

SAN DIEGO, Sept. 21, 2021 (Globe NEWSWIRE) — LPL Fiscal LLC, a wholly owned subsidiary of LPL Fiscal Holdings Inc. (Nasdaq: LPLA) (the “Company”), these days produced its month to month action report for August 2021.

Complete advisory and brokerage property at the end of August had been about $1.16 trillion, an boost of $27. billion, or 2.4%, when compared to the end of July 2021.

Complete net new property for August had been $7.six billion(1), translating to an eight.six%(1) annualized progress amount. This incorporated $1.3 billion of brokerage property from M&T Financial institution that onboarded in August(2). Complete net new advisory property had been $six.4 billion, translating to a 13.nine%(1) annualized progress amount.

Complete shopper cash balances at the end of August had been $forty nine.7 billion, an boost of $1.2 billion when compared to the end of July 2021. Net getting in August was $five.six billion.

           
(Stop of Period of time $ in billions, unless of course observed)
 
August July Modify August Modify
2021 2021 M/M 2020 Y/Y
Advisory and Brokerage Property(3)          
Advisory Property 604.six 588.4 2.eight % 410.4 47.3 %
Brokerage Property 552.3 541.4 2. % 412.2 34. %
Complete Advisory and Brokerage Property 1,156.nine 1,129.nine 2.4 % 822.7 40.six %

Net New Property(1)

         
Net New Advisory Property six.4 five.7 n/m 3.1 n/m
Net New Brokerage Property 1.2 4.3 n/m . n/m
Complete Net New Property 7.six ten. n/m 3.1 n/m
           

 

Net Brokerage to Advisory Conversions 1.2 .eight n/m .six n/m
           
Client Hard cash Balances          
Insured Hard cash Account Balances 33.2 34.4 (3.five %) 33.4 (.six %)
Deposit Hard cash Account Balances eight.2 7.nine 3.eight % 7.six 7.nine %
Complete Financial institution Sweep Balances 41.4 42.2 (1.nine %) 41. 1. %
Dollars Market Account Hard cash Balances six.3 4.3 46.five % 1.five 320. %
Acquired Dollars Market Funds 1.nine 1.nine . % 2.six (26.nine %)
Complete Dollars Market Balances eight.3 six.3 31.7 % 4.1 102.4 %
Complete Client Hard cash Balances forty nine.7 forty eight.five 2.five % forty five.1 ten.2 %

 

           
Net Invest in (Offer) Exercise five.six six.five n/m 3.six n/m
           
Market Indices          
S&P five hundred (end of period) 4,523 4,395 2.nine % 3,five hundred 29.2 %
Fed Funds Successful Amount (common bps) nine ten (ten. %) nine . %
             

 

 

(1) Waddell & Reed property and net new property had been not incorporated in August Net New Asset totals or in the calculation of net new asset annualized progress costs as we continue on to onboard property from Waddell & Reed that are held instantly with sponsors.
(2) As of the end of August, $19.nine billion of shopper property have onboarded from M&T Financial institution out of a full of $21.nine billion, together with $1.3 billion of shopper property that had been onboarded in August.
(3) Assumes ~98% asset retention of Waddell & Reed full property.

For extra details with regards to these and other LPL Fiscal small business metrics, you should refer to the Company’s most the latest earnings announcement, which is offered in the quarterly success section of investor.lpl.com.

About LPL Fiscal
LPL Fiscal was started on the principle that the organization should do the job for the advisor, and not the other way all-around. Nowadays, LPL is a leader* in the markets we provide, supporting extra than 19,000 economical advisors, and about 800 establishment-based expense systems and 450 impartial RIA companies nationwide. We are steadfast in our commitment to the advisor-centered model and the perception that People are worthy of access to goal steering from a economical advisor. At LPL, independence indicates that advisors have the flexibility they are worthy of to decide on the small business model, expert services, and technologies resources that let them to operate their best practice. And they have the flexibility to manage their shopper interactions, simply because they know their clientele very best. Merely place, we acquire treatment of our advisors, so they can acquire treatment of their clientele.

* Top rated RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report)
No. 1 Impartial Broker-Vendor in the U.S (Centered on full revenues, Fiscal Planning magazine June 1996-2020)
No. 1 company of third-get together brokerage expert services to banking companies and credit history unions (2019-2020 Kehrer Bielan Research & Consulting Once-a-year TPM Report)
Fortune five hundred as of June 2021

Securities and Advisory expert services presented by means of LPL Fiscal LLC, a registered expense advisor. Member FINRA/SIPC.

Through this communication, the terms “financial advisors” and “advisors” are utilized to refer to registered reps and/or expense advisor reps affiliated with LPL Fiscal LLC. We routinely disclose details that could be important to shareholders in the “Investor Relations” or “Push Releases” section of our internet site.

Investor Relations – Chris Koegel, (617) 897-4574
Media Relations – Lauren Hoyt-Williams, (980) 321-1232

investor.lpl.com/make contact with-us

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