LPL Financial Reports Monthly Activity for November 2021

SAN DIEGO, Dec. 16, 2021 (World NEWSWIRE) — LPL Fiscal LLC, a wholly owned subsidiary of LPL Fiscal Holdings Inc. (Nasdaq: LPLA) (the “Company”), today released its monthly action report for November 2021.

Total advisory and brokerage property at the close of November have been roughly $1.17 trillion, a reduce of $10 billion, or .eight%, when compared to the close of Oct 2021.

Total web new property for November have been $6.9 billion, translating to a seven.% annualized expansion fee. Total web new advisory property have been $seven.1 billion, translating to a 13.seven% annualized expansion fee.

Total consumer hard cash balances at the close of November have been $fifty one.9 billion, an increase of $1. billion when compared to the close of Oct 2021. Web acquiring in November was $five.five billion.

(Stop of Time period $ in billions, unless noted)
 
November Oct Modify November Modify
2021   2021 M/M 2020 Y/Y
Advisory and Brokerage Property          
Advisory Property 620.1   623.three (.five %) 442. 40.three %
Brokerage Property 550.seven   557.two (1.two %) 431.three 27.seven %
Total Advisory and Brokerage Property 1,one hundred seventy.eight   1,a hundred and eighty.five (.eight %) 873.three 34.1 %

Total Web New Property

         
Web New Advisory Property seven.1   6.6 n/m five.eight n/m
Web New Brokerage Property (.three ) .seven n/m 1.6 n/m
Total Web New Property 6.9   seven.two n/m seven.four n/m

Organic Web New Property

         
Web New Organic Advisory Property seven.1   6.6 n/m four.two n/m
Web New Organic Brokerage Property (.three ) .seven n/m .seven n/m
Total Organic Web New Property 6.9   seven.two n/m four.9 n/m

 

Web Brokerage to Advisory Conversions 1.two   1.1 n/m .seven n/m

Shopper Funds Balances

           
Insured Funds Account Balances 29.9   29.three two. % 36.1 (17.two %)
Deposit Funds Account Balances eight.five   eight.five . % eight.three two.four %
Total Financial institution Sweep Balances 38.four   37.eight 1.6 % forty four.five (13.seven %)
Income Sector Account Funds Balances eleven.6   eleven.three two.seven % 1.five n/m
Ordered Income Sector Money 1.9   1.eight five.6 % two.1 (9.five %)
Total Income Sector Balances 13.five   13.1 three.1 % three.6 n/m
Total Shopper Funds Balances fifty one.9   fifty.9 two. % forty eight.1 seven.9 %

 

Web Invest in (Sell) Exercise five.five five.eight n/m four.two n/m
Sector Indices          
S&P five hundred (close of period of time) four,567 four,605 (.eight %) three,622 26.1 %
Fed Money Successful Amount (normal bps) eight eight . % 9 (eleven.1 %)

For extra info pertaining to these and other LPL Fiscal small business metrics, make sure you refer to the Company’s most the latest earnings announcement, which is out there in the quarterly effects section of investor.lpl.com.

About LPL Fiscal
LPL Fiscal was started on the theory that the agency really should operate for the advisor, and not the other way close to. Right now, LPL is a leader* in the marketplaces we serve, supporting extra than 19,000 fiscal advisors, and roughly 800 institution-dependent expense packages and 450 unbiased RIA corporations nationwide. We are steadfast in our dedication to the advisor-centered product and the belief that Individuals are worthy of entry to personalized advice from a fiscal advisor. At LPL, independence usually means that advisors have the liberty they are worthy of to decide on the small business product, expert services, and technological innovation resources that allow for them to operate their great apply. And they have the liberty to regulate their consumer interactions, because they know their purchasers best. Simply just set, we get treatment of our advisors, so they can get treatment of their purchasers.

* Leading RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report) No. 1 Unbiased Broker-Dealer in the U.S (Dependent on overall revenues, Fiscal Planning magazine 1996-2021) No. 1 supplier of third-social gathering brokerage expert services to financial institutions and credit rating unions (2020-2021 Kehrer Bielan Investigation & Consulting Annual TPM Report) Fortune five hundred as of June 2021

Securities and Advisory expert services made available as a result of LPL Fiscal LLC, a SEC-registered broker-vendor and expense advisor. Member FINRA/SIPC.

All over this communication, the phrases “financial advisors” and “advisors” are applied to refer to registered associates and/or expense advisor associates affiliated with LPL Fiscal LLC. We routinely disclose info that might be critical to shareholders in the “Investor Relations” or “Push Releases” section of our site.

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

 

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