LPL Financial Reports Monthly Activity for July 2021

SAN DIEGO, Aug. 19, 2021 (Globe NEWSWIRE) — LPL Money LLC, a wholly owned subsidiary…

SAN DIEGO, Aug. 19, 2021 (Globe NEWSWIRE) — LPL Money LLC, a wholly owned subsidiary of LPL Money Holdings Inc. (Nasdaq: LPLA) (the “Company”), today launched its regular monthly activity report for July 2021.

Whole advisory and brokerage assets at the stop of July have been about $1.thirteen trillion, an raise of $seventeen.six billion, or 1.six%, when compared to the stop of June 2021.

Whole internet new assets for July have been $10. billion(1), translating to an 11.5%(2) annualized progress charge. This involved $three. billion of brokerage assets from M&T Lender that onboarded in July(three). Whole internet new advisory assets have been $5.7 billion, translating to a 12.7%(2) annualized progress charge.

Whole client cash balances at the stop of July have been $48.5 billion, roughly flat from the stop of June 2021. Internet obtaining in July was $six.5 billion.

(End of Interval $ in billions, except if observed) July June Change July Change
2021 2021 M/M 2020 Y/Y
Advisory and Brokerage Belongings(four)          
Advisory Belongings 588.four 577.six 1.nine% 392.7 forty nine.8%
Brokerage Belongings 541.four 534.7 1.three% 399.2 35.six%
Whole Advisory and Brokerage Belongings 1,129.nine 1,112.three 1.six% 791.nine 42.7%
           
Internet New Belongings(1)          
Internet New Advisory Belongings 5.7 11.2 n/m 2.nine n/m
Internet New Brokerage Belongings four.three 14.8 n/m . n/m
Whole Internet New Belongings(5) 10. 26. n/m 2.nine n/m

 

Internet Brokerage to Advisory Conversions .8 .nine n/m .7 n/m
           
Consumer Cash Balances          
Insured Cash Account Balances 34.four 34.1 .nine% 33.2 three.six%
Deposit Cash Account Balances 7.nine 7.six three.nine% 7.six three.nine%
Whole Lender Sweep Balances 42.2 forty one.7 1.2% 40.8 three.four%
Cash Current market Account Cash Balances four.three 5. (14.%) 1.six 168.8%
Procured Cash Current market Cash 1.nine 1.7 11.8% 2.8 (32.1%)
Whole Cash Current market Balances six.three six.7 (six.%) four.four forty three.2%
Whole Consumer Cash Balances 48.5 48.four .2% forty five.1 7.5%

 

Internet Purchase (Promote) Activity six.5 six. n/m 2.nine n/m
           
Current market Indices          
S&P 500 (stop of period of time) four,395 four,298 2.three% three,271 34.four%
Fed Cash Successful Price (ordinary bps) 10 8 25.% nine 11.1%

 

(1)   July Internet New Belongings do not include things like results from Waddell & Reed advisors, as these types of advisors onboarded onto LPL’s system close to the stop of July 2021.
(2)   Waddell & Reed asset and internet new asset totals have been not involved in the calculation of July internet new asset annualized progress charge.
(three)   As of the stop of July, $18.six billion of client assets have onboarded from M&T Lender out of a full of $21.nine billion, which include $fifteen.six billion of client assets that have been onboarded in June and $three. billion of client assets that have been onboarded in July.
(four)   Assumes ~98% asset retention of Waddell & Reed full assets at the stop of June 2021 and ~2% of full assets will not transform. This is equivalent to $68.nine billion of full assets, of which $33.5 billion have been advisory and $35.four billion have been brokerage.
(5)   Whole Internet New Belongings consist of asset inflows minus outflows, moreover dividends, moreover interest, minus advisory costs.
     
    Take note: In July 2021, about 280 associate advisors with Waddell & Reed became fiscal experts with LPL Money upon onboarding onto LPL’s system and will be mirrored as internet new advisors in Q3 2021.

For more information and facts pertaining to these and other LPL Money enterprise metrics, be sure to refer to the Company’s most current earnings announcement, which is readily available in the quarterly results area of investor.lpl.com.

About LPL Money
LPL Money was launched on the theory that the business need to get the job done for the advisor, and not the other way about. Now, LPL is a chief* in the markets we serve, supporting additional than 19,000 fiscal advisors, and about 800 establishment-based investment plans and 450 independent RIA companies nationwide. We are steadfast in our determination to the advisor-centered model and the belief that People in america ought to have accessibility to goal guidance from a fiscal advisor. At LPL, independence indicates that advisors have the liberty they ought to have to choose the enterprise model, services, and technological innovation sources that let them to run their great practice. And they have the liberty to deal with their client relationships, since they know their clients greatest. Merely set, we just take care of our advisors, so they can just take care of their clients.

* Best RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report)
No. 1 Independent Broker-Seller in the U.S. (Primarily based on full revenues, Money Arranging magazine June 1996-2020)
No. 1 provider of third-get together brokerage services to banking institutions and credit rating unions (2019-2020 Kehrer Bielan Investigation & Consulting Yearly TPM Report)
Fortune 500 as of June 2021

Securities and Advisory services available through LPL Money LLC, a registered investment advisor. Member FINRA/SIPC.

All through this conversation, the phrases “financial advisors” and “advisors” are utilised to refer to registered associates and/or investment advisor associates affiliated with LPL Money LLC. We routinely disclose information and facts that may perhaps be crucial to shareholders in the “Trader Relations” or “Push Releases” area of our website.

Ahead-Searching Statements
Statements in this push release pertaining to the variety of advisors LPL expects to mirror as internet new advisors in the third quarter of 2021, and any other statements that are not connected to existing facts or present-day circumstances or that are not purely historical, constitute ahead-hunting statements. These ahead-hunting statements are based on the Company’s historical general performance and its ideas, estimates and anticipations as of August 19, 2021. Ahead-hunting statements are not ensures that the future results, ideas, intentions or anticipations expressed or implied will be attained. Issues topic to ahead-hunting statements involve regarded and not known risks and uncertainties, which include financial, legislative, regulatory, competitive and other components, which may perhaps trigger precise fiscal or functioning results, amounts of activity or the timing of functions to be materially diverse from individuals expressed or implied by ahead-hunting statements. Crucial components that could trigger or lead to these types of distinctions include things like the resolve of recently onboarded associates from Waddell & Reed to terminate their affiliation with LPL Money, as nicely as the other components set forth in Component I, “Item 1A. Risk Factors” in the Company’s 2020 Yearly Report on Variety 10-K, as may perhaps be amended or current in the Company’s Quarterly Stories on Variety 10-Q or other filings with the Securities and Exchange Fee. Except as demanded by legislation, the Business particularly disclaims any obligation to update any ahead-hunting statements as a consequence of developments happening after the day of this push release, even if its estimates adjust, and you need to not rely on statements contained herein as symbolizing the Company’s sights as of any day subsequent to the day of this push release.

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