July 25, 2024


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LPL Financial Reports Monthly Activity for August 2021

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

Whole advisory and brokerage assets at the conclusion of August ended up close to $one.16 trillion, an enhance of $27. billion, or 2.four%, compared to the conclusion of July 2021.

Whole web new assets for August ended up $seven.6 billion(one), translating to an 8.6%(one) annualized progress fee. This included $one.3 billion of brokerage assets from M&T Financial institution that onboarded in August(2). Whole web new advisory assets ended up $6.four billion, translating to a thirteen.nine%(one) annualized progress fee.

Whole customer cash balances at the conclusion of August ended up $forty nine.seven billion, an enhance of $one.2 billion compared to the conclusion of July 2021. Net purchasing in August was $5.6 billion.

(Close of Period $ in billions, until pointed out)
August July Transform August Transform
2021 2021 M/M 2020 Y/Y
Advisory and Brokerage Belongings(3)          
Advisory Belongings 604.6 588.four 2.8 % 410.four forty seven.3 %
Brokerage Belongings 552.3 541.four 2. % 412.2 34. %
Whole Advisory and Brokerage Belongings one,156.nine one,129.nine 2.four % 822.seven forty.6 %

Net New Belongings(one)

Net New Advisory Belongings 6.four 5.seven n/m 3.one n/m
Net New Brokerage Belongings one.2 four.3 n/m . n/m
Whole Net New Belongings seven.6 10. n/m 3.one n/m


Net Brokerage to Advisory Conversions one.2 .8 n/m .6 n/m
Consumer Funds Balances          
Insured Funds Account Balances 33.2 34.four (3.5 %) 33.four (.6 %)
Deposit Funds Account Balances 8.2 seven.nine 3.8 % seven.6 seven.nine %
Whole Financial institution Sweep Balances forty one.four forty two.2 (one.nine %) forty one. one. %
Funds Market Account Funds Balances 6.3 four.3 46.5 % one.5 320. %
Purchased Funds Market Resources one.nine one.nine . % 2.6 (26.nine %)
Whole Funds Market Balances 8.3 6.3 31.seven % four.one 102.four %
Whole Consumer Funds Balances forty nine.seven forty eight.5 2.5 % 45.one 10.2 %


Net Acquire (Promote) Exercise 5.6 6.5 n/m 3.6 n/m
Market Indices          
S&P five hundred (conclusion of interval) four,523 four,395 2.nine % 3,five hundred 29.2 %
Fed Resources Productive Charge (typical bps) nine 10 (10. %) nine . %



(one) Waddell & Reed assets and web new assets ended up not included in August Net New Asset totals or in the calculation of web new asset annualized progress charges as we go on to onboard assets from Waddell & Reed that are held immediately with sponsors.
(2) As of the conclusion of August, $19.nine billion of customer assets have onboarded from M&T Financial institution out of a whole of $21.nine billion, together with $one.3 billion of customer assets that ended up onboarded in August.
(3) Assumes ~ninety eight% asset retention of Waddell & Reed whole assets.

For additional facts relating to these and other LPL Economic company metrics, remember to refer to the Company’s most new earnings announcement, which is out there in the quarterly outcomes part of investor.lpl.com.

About LPL Economic
LPL Economic was established on the principle that the business need to perform for the advisor, and not the other way close to. Nowadays, LPL is a leader* in the marketplaces we serve, supporting more than 19,000 economic advisors, and close to 800 establishment-centered expense applications and 450 impartial RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the perception that Individuals deserve accessibility to objective guidance from a economic advisor. At LPL, independence implies that advisors have the freedom they deserve to choose the company model, expert services, and technological innovation means that make it possible for them to operate their excellent follow. And they have the freedom to manage their customer interactions, simply because they know their clientele greatest. Just set, we take care of our advisors, so they can take care of their clientele.

* Top rated RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report)
No. one Unbiased Broker-Supplier in the U.S (Centered on whole revenues, Economic Organizing magazine June 1996-2020)
No. one service provider of third-get together brokerage expert services to banking institutions and credit rating unions (2019-2020 Kehrer Bielan Exploration & Consulting Annual TPM Report)
Fortune five hundred as of June 2021

Securities and Advisory expert services offered as a result of LPL Economic LLC, a registered expense advisor. Member FINRA/SIPC.

Throughout this communication, the conditions “financial advisors” and “advisors” are utilised to refer to registered representatives and/or expense advisor representatives affiliated with LPL Economic LLC. We routinely disclose facts that may well be essential to shareholders in the “Investor Relations” or “Push Releases” part of our site.

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

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