SAN DIEGO, Nov. eighteen, 2021 (World NEWSWIRE) — LPL Economic LLC, a wholly owned subsidiary of LPL Economic Holdings Inc. (Nasdaq: LPLA) (the “Company”), nowadays produced its month-to-month exercise report for October 2021.

Whole advisory and brokerage property at the conclusion of October were about $1.eighteen trillion, an increase of $48 billion, or four.2%, in contrast to the conclusion of September 2021.

Whole internet new property for October were $seven.2 billion, translating to a seven.six% annualized development rate. Whole internet new advisory property were $six.six billion, translating to a 13.2% annualized development rate.

Whole client income balances at the conclusion of October were $50.9 billion, an increase of $.2 billion in contrast to the conclusion of September 2021. Net purchasing in October was $5.eight billion.

(End of Interval $ in billions, except famous) October September Alter October Alter
2021 2021 M/M 2020 Y/Y
Advisory and Brokerage Property          
Advisory Property 623.3 594. four.9% 406. 53.5%
Brokerage Property 557.2 538.six 3.5% 401.six 38.seven%
Whole Advisory and Brokerage Property 1,a hundred and eighty.5 1,132.six four.2 % 807.six forty six.2 %
Whole Net New Property          
Net New Advisory Property six.six 9.six n/m 5.seven n/m
Net New Brokerage Property .seven 1.eight n/m .eight n/m
Whole Net New Property seven.2 eleven.four n/m six.5 n/m
Natural Net New Property          
Net New Natural Advisory Property six.six 9. n/m four.eight n/m
Net New Natural Brokerage Property .seven .1 n/m .2 n/m
Whole Natural Net New Property seven.2 9.1 n/m 5. n/m

 

Net Brokerage to Advisory Conversions 1.1 1.1 n/m .9 n/m
Shopper Dollars Balances          
Insured Dollars Account Balances 29.3 30.5 (3.9%) 36. (eighteen.six%)
Deposit Dollars Account Balances eight.5 eight.six (1.2%) eight.six (1.2%)
Whole Bank Sweep Balances 37.eight 39. (3.1%) 44.six (fifteen.2%)
Income Sector Account Dollars Balances eleven.3 9.9 14.1% 1.six n/m
Bought Income Sector Funds 1.eight 1.eight .% 2.2 (eighteen.2%)
Whole Income Sector Balances 13.1 eleven.seven twelve. % 3.eight n/m
Whole Shopper Dollars Balances 50.9 50.seven .four % 48.3 5.four%

 

Net Invest in (Offer) Action 5.eight 5.5 n/m 2.5 n/m
Sector Indices          
S&P five hundred (conclusion of time period) four,605 four,308 six.9% 3,270 40.eight%
Fed Funds Successful Charge (average bps) eight eight .% 9 (eleven.1%)
           

For further facts pertaining to these and other LPL Economic enterprise metrics, you should refer to the Company’s most latest earnings announcement, which is out there in the quarterly outcomes part of investor.lpl.com.

About LPL Economic
LPL Economic was founded on the theory that the company really should operate for the advisor, and not the other way all around. Nowadays, LPL is a chief* in the markets we provide, supporting more than 19,000 financial advisors, and about 800 establishment-dependent expense plans and 450 impartial RIA firms nationwide. We are steadfast in our dedication to the advisor-centered design and the belief that Individuals deserve obtain to customized steerage from a financial advisor. At LPL, independence signifies that advisors have the liberty they deserve to opt for the enterprise design, products and services, and know-how methods that allow them to run their fantastic exercise. And they have the liberty to deal with their client associations, due to the fact they know their clientele ideal. Basically set, we acquire care of our advisors, so they can acquire care of their clientele.

* Prime RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report)
No. 1 Unbiased Broker-Supplier in the U.S. (Primarily based on complete revenues, Economic Setting up magazine 1996-2021)
No. 1 provider of 3rd-celebration brokerage products and services to banks and credit unions (2020-2021 Kehrer Bielan Analysis & Consulting Annual TPM Report)
Fortune five hundred as of June 2021

Securities and Advisory products and services presented by way of LPL Economic LLC, a registered expense advisor. Member FINRA/SIPC.

In the course of this communication, the phrases “financial advisors” and “advisors” are employed to refer to registered representatives and/or expense advisor representatives affiliated with LPL Economic LLC. We routinely disclose facts that could be vital to shareholders in the “Investor Relations” or “Push Releases” part of our website.

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