LPL Financial Reports Monthly Activity for August 2021

SAN DIEGO, Sept. 21, 2021 (Globe NEWSWIRE) — LPL Money LLC, a wholly owned subsidiary…

SAN DIEGO, Sept. 21, 2021 (Globe NEWSWIRE) — LPL Money LLC, a wholly owned subsidiary of LPL Money Holdings Inc. (Nasdaq: LPLA) (the “Company”), today launched its monthly activity report for August 2021.

Complete advisory and brokerage assets at the end of August were being roughly $one.sixteen trillion, an increase of $27. billion, or 2.4%, when compared to the end of July 2021.

Complete web new assets for August were being $seven.six billion(one), translating to an eight.six%(one) annualized expansion fee. This bundled $one.three billion of brokerage assets from M&T Lender that onboarded in August(2). Complete web new advisory assets were being $six.4 billion, translating to a thirteen.9%(one) annualized expansion fee.

Complete customer income balances at the end of August were being $49.seven billion, an increase of $one.2 billion when compared to the end of July 2021. Web getting in August was $five.six billion.

           
(Finish of Interval $ in billions, unless famous)
 
August July Change August Change
2021 2021 M/M 2020 Y/Y
Advisory and Brokerage Property(three)          
Advisory Property 604.six 588.4 2.eight % 410.4 47.three %
Brokerage Property 552.three 541.4 2. % 412.2 34. %
Complete Advisory and Brokerage Property one,156.9 one,129.9 2.4 % 822.seven forty.six %

Web New Property(one)

         
Web New Advisory Property six.4 five.seven n/m three.one n/m
Web New Brokerage Property one.2 4.three n/m . n/m
Complete Web New Property seven.six 10. n/m three.one n/m
           

 

Web Brokerage to Advisory Conversions one.2 .eight n/m .six n/m
           
Customer Income Balances          
Insured Income Account Balances 33.2 34.4 (three.five %) 33.4 (.six %)
Deposit Income Account Balances eight.2 seven.9 three.eight % seven.six seven.9 %
Complete Lender Sweep Balances 41.4 forty two.2 (one.9 %) 41. one. %
Funds Marketplace Account Income Balances six.three 4.three forty six.five % one.five 320. %
Bought Funds Marketplace Resources one.9 one.9 . % 2.six (26.9 %)
Complete Funds Marketplace Balances eight.three six.three 31.seven % 4.one 102.4 %
Complete Customer Income Balances 49.seven forty eight.five 2.five % forty five.one 10.2 %

 

           
Web Obtain (Provide) Exercise five.six six.five n/m three.six n/m
           
Marketplace Indices          
S&P 500 (end of period of time) 4,523 4,395 2.9 % three,500 29.2 %
Fed Resources Powerful Rate (normal bps) 9 10 (10. %) 9 . %
             

 

 

(one) Waddell & Reed assets and web new assets were being not bundled in August Web New Asset totals or in the calculation of web new asset annualized expansion rates as we proceed to onboard assets from Waddell & Reed that are held instantly with sponsors.
(2) As of the end of August, $19.9 billion of customer assets have onboarded from M&T Lender out of a whole of $21.9 billion, which include $one.three billion of customer assets that were being onboarded in August.
(three) Assumes ~ninety eight% asset retention of Waddell & Reed whole assets.

For supplemental data concerning these and other LPL Money company metrics, you should refer to the Company’s most recent earnings announcement, which is accessible in the quarterly effects portion of investor.lpl.com.

About LPL Money
LPL Money was founded on the basic principle that the firm need to function for the advisor, and not the other way close to. Nowadays, LPL is a chief* in the markets we provide, supporting far more than 19,000 economic advisors, and roughly 800 institution-centered financial commitment courses and 450 impartial RIA firms nationwide. We are steadfast in our motivation to the advisor-centered design and the belief that Us citizens deserve obtain to aim steering from a economic advisor. At LPL, independence indicates that advisors have the flexibility they deserve to pick out the company design, expert services, and technologies sources that enable them to run their fantastic follow. And they have the flexibility to manage their customer associations, since they know their clients very best. Only place, we choose care of our advisors, so they can choose care of their clients.

* Major RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report)
No. one Independent Broker-Dealer in the U.S (Based on whole revenues, Money Scheduling magazine June 1996-2020)
No. one company of third-occasion brokerage expert services to financial institutions and credit score unions (2019-2020 Kehrer Bielan Investigate & Consulting Once-a-year TPM Report)
Fortune 500 as of June 2021

Securities and Advisory expert services offered by means of LPL Money LLC, a registered financial commitment advisor. Member FINRA/SIPC.

Throughout this communication, the conditions “financial advisors” and “advisors” are utilised to refer to registered reps and/or financial commitment advisor reps affiliated with LPL Money LLC. We routinely disclose data that may perhaps be important to shareholders in the “Investor Relations” or “Push Releases” portion of our web-site.

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

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