SAN DIEGO, Nov. eighteen, 2021 (World NEWSWIRE) — LPL Economical LLC, a wholly owned subsidiary of LPL Economical Holdings Inc. (Nasdaq: LPLA) (the “Company”), currently released its month-to-month activity report for October 2021.
Full advisory and brokerage assets at the conclusion of October were close to $1.eighteen trillion, an enhance of $48 billion, or four.two%, in contrast to the conclusion of September 2021.
Full web new assets for October were $7.two billion, translating to a 7.6% annualized advancement fee. Full web new advisory assets were $6.6 billion, translating to a 13.two% annualized advancement fee.
Full shopper income balances at the conclusion of October were $fifty.9 billion, an enhance of $.two billion in contrast to the conclusion of September 2021. Web acquiring in October was $5.eight billion.
| (Finish of Interval $ in billions, unless famous) | October | September | Adjust | October | Adjust |
| 2021 | 2021 | M/M | 2020 | Y/Y | |
| Advisory and Brokerage Property | |||||
| Advisory Property | 623.three | 594. | four.9% | 406. | 53.5% |
| Brokerage Property | 557.two | 538.6 | three.5% | 401.6 | 38.7% |
| Full Advisory and Brokerage Property | 1,180.5 | 1,132.6 | four.two % | 807.6 | 46.two % |
| Full Web New Property | |||||
| Web New Advisory Property | 6.6 | 9.6 | n/m | 5.7 | n/m |
| Web New Brokerage Property | .7 | 1.eight | n/m | .eight | n/m |
| Full Web New Property | 7.two | eleven.four | n/m | 6.5 | n/m |
| Organic and natural Web New Property | |||||
| Web New Organic and natural Advisory Property | 6.6 | 9. | n/m | four.eight | n/m |
| Web New Organic and natural Brokerage Property | .7 | .1 | n/m | .two | n/m |
| Full Organic and natural Web New Property | 7.two | 9.1 | n/m | 5. | n/m |
| Web Brokerage to Advisory Conversions | 1.1 | 1.1 | n/m | .9 | n/m |
| Shopper Hard cash Balances | |||||
| Insured Hard cash Account Balances | 29.three | 30.5 | (three.9%) | 36. | (eighteen.6%) |
| Deposit Hard cash Account Balances | eight.5 | eight.6 | (1.two%) | eight.6 | (1.two%) |
| Full Lender Sweep Balances | 37.eight | 39. | (three.1%) | 44.6 | (fifteen.two%) |
| Income Current market Account Hard cash Balances | eleven.three | 9.9 | 14.1% | 1.6 | n/m |
| Ordered Income Current market Funds | 1.eight | 1.eight | .% | two.two | (eighteen.two%) |
| Full Income Current market Balances | 13.1 | eleven.7 | twelve. % | three.eight | n/m |
| Full Shopper Hard cash Balances | fifty.9 | fifty.7 | .four % | 48.three | 5.four% |
| Web Obtain (Offer) Exercise | 5.eight | 5.5 | n/m | two.5 | n/m |
| Current market Indices | |||||
| S&P 500 (conclusion of time period) | four,605 | four,308 | 6.9% | three,270 | forty.eight% |
| Fed Funds Efficient Rate (normal bps) | eight | eight | .% | 9 | (eleven.1%) |
For further details regarding these and other LPL Economical organization metrics, please refer to the Company’s most the latest earnings announcement, which is readily available in the quarterly outcomes part of trader.lpl.com.
About LPL Economical
LPL Economical was founded on the basic principle that the business ought to get the job done for the advisor, and not the other way all-around. Currently, LPL is a leader* in the markets we serve, supporting a lot more than 19,000 money advisors, and close to 800 establishment-centered expenditure plans and 450 unbiased RIA firms nationwide. We are steadfast in our motivation to the advisor-centered model and the perception that Us citizens should have access to individualized assistance from a money advisor. At LPL, independence signifies that advisors have the freedom they should have to select the organization model, services, and technology assets that permit them to run their excellent exercise. And they have the freedom to take care of their shopper relationships, due to the fact they know their clientele finest. Just put, we get treatment of our advisors, so they can get treatment of their clientele.
* Best RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report)
No. 1 Unbiased Broker-Supplier in the U.S. (Based on overall revenues, Economical Arranging journal 1996-2021)
No. 1 company of 3rd-get together brokerage services to banking companies and credit history unions (2020-2021 Kehrer Bielan Research & Consulting Once-a-year TPM Report)
Fortune 500 as of June 2021
Securities and Advisory services supplied by way of LPL Economical LLC, a registered expenditure advisor. Member FINRA/SIPC.
Throughout this interaction, the terms “financial advisors” and “advisors” are used to refer to registered reps and/or expenditure advisor reps affiliated with LPL Economical LLC. We routinely disclose details that may well be critical to shareholders in the “Investor Relations” or “Press Releases” part of our web-site.
Investor Relations – Chris Koegel, (617) 897-4574
Media Relations – Lauren Hoyt-Williams, (980) 321-1232
trader.lpl.com/get hold of-us
