LPL Financial Reports Monthly Activity for October 2021

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

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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