LPL Financial Reports Monthly Activity for October 2021
SAN DIEGO, Nov. 18, 2021 (World NEWSWIRE) — LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (Nasdaq: LPLA) (the “Company”), today released its month to month activity report for Oct 2021.
Whole advisory and brokerage belongings at the conclude of Oct had been close to $one.18 trillion, an boost of $48 billion, or 4.2%, compared to the conclude of September 2021.
Whole internet new belongings for Oct had been $7.2 billion, translating to a 7.six% annualized advancement fee. Whole internet new advisory belongings had been $six.six billion, translating to a thirteen.2% annualized advancement fee.
Whole shopper cash balances at the conclude of Oct had been $50.9 billion, an boost of $.2 billion compared to the conclude of September 2021. Net purchasing in Oct was $5.8 billion.
| (Conclusion of Interval $ in billions, unless of course pointed out) | Oct | September | Adjust | Oct | Adjust |
| 2021 | 2021 | M/M | 2020 | Y/Y | |
| Advisory and Brokerage Assets | |||||
| Advisory Assets | 623.three | 594. | 4.9% | 406. | 53.5% |
| Brokerage Assets | 557.2 | 538.six | three.5% | 401.six | 38.7% |
| Whole Advisory and Brokerage Assets | one,180.5 | one,132.six | 4.2 % | 807.six | forty six.2 % |
| Whole Net New Assets | |||||
| Net New Advisory Assets | six.six | 9.six | n/m | 5.7 | n/m |
| Net New Brokerage Assets | .7 | one.8 | n/m | .8 | n/m |
| Whole Net New Assets | 7.2 | 11.4 | n/m | six.5 | n/m |
| Natural and organic Net New Assets | |||||
| Net New Natural and organic Advisory Assets | six.six | 9. | n/m | 4.8 | n/m |
| Net New Natural and organic Brokerage Assets | .7 | .one | n/m | .2 | n/m |
| Whole Natural and organic Net New Assets | 7.2 | 9.one | n/m | 5. | n/m |
| Net Brokerage to Advisory Conversions | one.one | one.one | n/m | .9 | n/m |
| Customer Cash Balances | |||||
| Insured Cash Account Balances | 29.three | thirty.5 | (three.9%) | 36. | (18.six%) |
| Deposit Cash Account Balances | 8.5 | 8.six | (one.2%) | 8.six | (one.2%) |
| Whole Bank Sweep Balances | 37.8 | 39. | (three.one%) | 44.six | (fifteen.2%) |
| Cash Industry Account Cash Balances | 11.three | 9.9 | 14.one% | one.six | n/m |
| Obtained Cash Industry Funds | one.8 | one.8 | .% | 2.2 | (18.2%) |
| Whole Cash Industry Balances | thirteen.one | 11.7 | twelve. % | three.8 | n/m |
| Whole Customer Cash Balances | 50.9 | 50.7 | .4 % | 48.three | 5.4% |
| Net Obtain (Promote) Activity | 5.8 | 5.5 | n/m | 2.5 | n/m |
| Industry Indices | |||||
| S&P five hundred (conclude of time period) | 4,605 | 4,308 | six.9% | three,270 | 40.8% |
| Fed Funds Productive Charge (ordinary bps) | 8 | 8 | .% | 9 | (11.one%) |
For more info relating to these and other LPL Financial enterprise metrics, you should refer to the Company’s most the latest earnings announcement, which is available in the quarterly effects portion of trader.lpl.com.
About LPL Financial
LPL Financial was started on the principle that the business ought to function for the advisor, and not the other way all around. Nowadays, LPL is a chief* in the markets we provide, supporting much more than 19,000 economic advisors, and close to 800 establishment-based mostly investment applications and 450 impartial RIA firms nationwide. We are steadfast in our motivation to the advisor-centered product and the perception that Individuals deserve access to customized steering from a economic advisor. At LPL, independence means that advisors have the flexibility they deserve to select the enterprise product, products and services, and technology resources that make it possible for them to run their excellent apply. And they have the flexibility to manage their shopper associations, simply because they know their clientele very best. Only place, we acquire treatment of our advisors, so they can acquire treatment of their clientele.
* Major RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report)
No. one Independent Broker-Dealer in the U.S. (Primarily based on complete revenues, Financial Planning magazine 1996-2021)
No. one provider of 3rd-party brokerage products and services to financial institutions and credit unions (2020-2021 Kehrer Bielan Investigation & Consulting Annual TPM Report)
Fortune five hundred as of June 2021
Securities and Advisory products and services available by means of LPL Financial LLC, a registered investment advisor. Member FINRA/SIPC.
All over this interaction, the terms “financial advisors” and “advisors” are made use of to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial LLC. We routinely disclose info that may possibly be vital to shareholders in the “Trader Relations” or “Press Releases” portion of our internet site.
Trader Relations – Chris Koegel, (617) 897-4574
Media Relations – Lauren Hoyt-Williams, (980) 321-1232
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