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

Whole advisory and brokerage belongings at the stop of August have been about $1.sixteen trillion, an improve of $27. billion, or two.4%, when compared to the stop of July 2021.

Whole internet new belongings for August have been $seven.six billion(1), translating to an 8.six%(1) annualized growth fee. This involved $1.three billion of brokerage belongings from M&T Bank that onboarded in August(two). Whole internet new advisory belongings have been $six.4 billion, translating to a thirteen.nine%(1) annualized growth fee.

Whole shopper money balances at the stop of August have been $forty nine.seven billion, an improve of $1.two billion when compared to the stop of July 2021. Web acquiring in August was $5.six billion.

           
(Finish of Period of time $ in billions, except if observed)
 
August July Improve August Improve
2021 2021 M/M 2020 Y/Y
Advisory and Brokerage Property(three)          
Advisory Property 604.six 588.4 two.8 % 410.4 47.three %
Brokerage Property 552.three 541.4 two. % 412.two 34. %
Whole Advisory and Brokerage Property 1,156.nine 1,129.nine two.4 % 822.seven forty.six %

Web New Property(1)

         
Web New Advisory Property six.4 5.seven n/m three.1 n/m
Web New Brokerage Property 1.two 4.three n/m . n/m
Whole Web New Property seven.six ten. n/m three.1 n/m
           

 

Web Brokerage to Advisory Conversions 1.two .8 n/m .six n/m
           
Consumer Income Balances          
Insured Income Account Balances 33.two 34.4 (three.5 %) 33.4 (.six %)
Deposit Income Account Balances 8.two seven.nine three.8 % seven.six seven.nine %
Whole Bank Sweep Balances 41.4 42.two (1.nine %) 41. 1. %
Income Sector Account Income Balances six.three 4.three 46.5 % 1.5 320. %
Acquired Income Sector Resources 1.nine 1.nine . % two.six (26.nine %)
Whole Income Sector Balances 8.three six.three 31.seven % 4.1 102.4 %
Whole Consumer Income Balances forty nine.seven 48.5 two.5 % 45.1 ten.two %

 

           
Web Obtain (Offer) Action 5.six six.5 n/m three.six n/m
           
Sector Indices          
S&P five hundred (stop of period) 4,523 4,395 two.nine % three,five hundred 29.two %
Fed Resources Helpful Amount (typical bps) nine ten (ten. %) nine . %
             

 

 

(1) Waddell & Reed belongings and internet new belongings have been not involved in August Web New Asset totals or in the calculation of internet new asset annualized growth fees as we continue to onboard belongings from Waddell & Reed that are held straight with sponsors.
(two) As of the stop of August, $19.nine billion of shopper belongings have onboarded from M&T Bank out of a overall of $21.nine billion, like $1.three billion of shopper belongings that have been onboarded in August.
(three) Assumes ~ninety eight% asset retention of Waddell & Reed overall belongings.

For further facts with regards to these and other LPL Fiscal enterprise metrics, be sure to refer to the Company’s most new earnings announcement, which is accessible in the quarterly outcomes area of investor.lpl.com.

About LPL Fiscal
LPL Fiscal was started on the theory that the organization should operate for the advisor, and not the other way all over. Nowadays, LPL is a chief* in the marketplaces we provide, supporting additional than 19,000 economic advisors, and about 800 establishment-based mostly investment decision packages and 450 unbiased RIA companies nationwide. We are steadfast in our dedication to the advisor-centered product and the perception that Individuals are entitled to access to objective advice from a economic advisor. At LPL, independence usually means that advisors have the freedom they are entitled to to decide on the enterprise product, expert services, and engineering methods that allow for them to run their excellent observe. And they have the freedom to take care of their shopper relationships, because they know their customers ideal. Simply just place, we just take care of our advisors, so they can just take care of their customers.

* Best RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report)
No. 1 Unbiased Broker-Seller in the U.S (Primarily based on overall revenues, Fiscal Scheduling journal June 1996-2020)
No. 1 service provider of 3rd-party brokerage expert services to banking institutions and credit rating unions (2019-2020 Kehrer Bielan Exploration & Consulting Annual TPM Report)
Fortune five hundred as of June 2021

Securities and Advisory expert services offered by way of LPL Fiscal LLC, a registered investment decision advisor. Member FINRA/SIPC.

All over this communication, the conditions “financial advisors” and “advisors” are applied to refer to registered representatives and/or investment decision advisor representatives affiliated with LPL Fiscal LLC. We routinely disclose facts that could be critical to shareholders in the “Trader Relations” or “Push Releases” area of our website.

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

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