LPL Financial Reports Monthly Activity for August 2021

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

Full advisory and brokerage property at the stop of August have been about $one.sixteen trillion, an increase of $27. billion, or 2.4%, when compared to the stop of July 2021.

Full net new property for August have been $7.six billion(one), translating to an 8.six%(one) annualized expansion fee. This integrated $one.3 billion of brokerage property from M&T Bank that onboarded in August(2). Full net new advisory property have been $six.4 billion, translating to a 13.nine%(one) annualized expansion fee.

Full shopper money balances at the stop of August have been $forty nine.7 billion, an increase of $one.2 billion when compared to the stop of July 2021. Internet getting in August was $five.six billion.

           
(Conclusion of Period $ in billions, except noted)
 
August July Adjust August Adjust
2021 2021 M/M 2020 Y/Y
Advisory and Brokerage Assets(3)          
Advisory Assets 604.six 588.4 2.8 % 410.4 47.3 %
Brokerage Assets 552.3 541.4 2. % 412.2 34. %
Full Advisory and Brokerage Assets one,156.nine one,129.nine 2.4 % 822.7 forty.six %

Internet New Assets(one)

         
Internet New Advisory Assets six.4 five.7 n/m 3.one n/m
Internet New Brokerage Assets one.2 4.3 n/m . n/m
Full Internet New Assets 7.six 10. n/m 3.one n/m
           

 

Internet Brokerage to Advisory Conversions one.2 .8 n/m .six n/m
           
Shopper Dollars Balances          
Insured Dollars Account Balances 33.2 34.4 (3.five %) 33.4 (.six %)
Deposit Dollars Account Balances 8.2 7.nine 3.8 % 7.six 7.nine %
Full Bank Sweep Balances forty one.4 42.2 (one.nine %) forty one. one. %
Income Industry Account Dollars Balances six.3 4.3 46.five % one.five 320. %
Procured Income Industry Money one.nine one.nine . % 2.six (26.nine %)
Full Income Industry Balances 8.3 six.3 31.7 % 4.one 102.4 %
Full Shopper Dollars Balances forty nine.7 48.five 2.five % 45.one 10.2 %

 

           
Internet Get (Market) Activity five.six six.five n/m 3.six n/m
           
Industry Indices          
S&P five hundred (stop of time period) 4,523 4,395 2.nine % 3,five hundred 29.2 %
Fed Money Efficient Amount (normal bps) nine 10 (10. %) nine . %
             

 

 

(one) Waddell & Reed property and net new property have been not integrated in August Internet New Asset totals or in the calculation of net new asset annualized expansion premiums as we continue on to onboard property from Waddell & Reed that are held directly with sponsors.
(2) As of the stop of August, $19.nine billion of shopper property have onboarded from M&T Bank out of a full of $21.nine billion, like $one.3 billion of shopper property that have been onboarded in August.
(3) Assumes ~ninety eight% asset retention of Waddell & Reed full property.

For supplemental information relating to these and other LPL Fiscal enterprise metrics, please refer to the Company’s most modern earnings announcement, which is offered in the quarterly success part of trader.lpl.com.

About LPL Fiscal
LPL Fiscal was started on the principle that the company should perform for the advisor, and not the other way around. These days, LPL is a leader* in the marketplaces we serve, supporting a lot more than 19,000 monetary advisors, and about 800 institution-primarily based expense systems and 450 unbiased RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the perception that People are entitled to accessibility to aim assistance from a monetary advisor. At LPL, independence suggests that advisors have the liberty they are entitled to to select the enterprise model, products and services, and know-how assets that make it possible for them to run their ideal observe. And they have the liberty to deal with their shopper associations, simply because they know their shoppers very best. Simply place, we consider care of our advisors, so they can consider care of their shoppers.

* Prime RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report)
No. one Unbiased Broker-Vendor in the U.S (Primarily based on full revenues, Fiscal Organizing magazine June 1996-2020)
No. one supplier of 3rd-occasion brokerage products and services to banks and credit unions (2019-2020 Kehrer Bielan Study & Consulting Once-a-year TPM Report)
Fortune five hundred as of June 2021

Securities and Advisory products and services offered via LPL Fiscal LLC, a registered expense advisor. Member FINRA/SIPC.

During this interaction, the phrases “financial advisors” and “advisors” are applied to refer to registered representatives and/or expense advisor representatives affiliated with LPL Fiscal LLC. We routinely disclose information that may be vital to shareholders in the “Trader Relations” or “Press Releases” part of our web page.

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

trader.lpl.com/get in touch with-us

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