October 1, 2023


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LPL Financial Reports Monthly Activity for August 2021

SAN DIEGO, Sept. 21, 2021 (World NEWSWIRE) — LPL Money LLC, a wholly owned subsidiary of LPL Money Holdings Inc. (Nasdaq: LPLA) (the “Company”), nowadays released its every month activity report for August 2021.

Whole advisory and brokerage belongings at the close of August were being about $one.16 trillion, an improve of $27. billion, or 2.4%, compared to the close of July 2021.

Whole net new belongings for August were being $7.6 billion(one), translating to an eight.6%(one) annualized growth fee. This incorporated $one.3 billion of brokerage belongings from M&T Lender that onboarded in August(2). Whole net new advisory belongings were being $6.4 billion, translating to a thirteen.9%(one) annualized growth fee.

Whole shopper funds balances at the close of August were being $forty nine.7 billion, an improve of $one.2 billion compared to the close of July 2021. Internet acquiring in August was $five.6 billion.

(End of Time period $ in billions, unless of course noted)
August July Improve August Improve
2021 2021 M/M 2020 Y/Y
Advisory and Brokerage Property(3)          
Advisory Property 604.6 588.4 2.eight % 410.4 forty seven.3 %
Brokerage Property 552.3 541.4 2. % 412.2 34. %
Whole Advisory and Brokerage Property one,156.9 one,129.9 2.4 % 822.7 forty.6 %

Internet New Property(one)

Internet New Advisory Property 6.4 five.7 n/m 3.one n/m
Internet New Brokerage Property one.2 4.3 n/m . n/m
Whole Internet New Property 7.6 10. n/m 3.one n/m


Internet Brokerage to Advisory Conversions one.2 .eight n/m .6 n/m
Client Cash Balances          
Insured Cash Account Balances 33.2 34.4 (3.five %) 33.4 (.6 %)
Deposit Cash Account Balances eight.2 7.9 3.eight % 7.6 7.9 %
Whole Lender Sweep Balances 41.4 42.2 (one.9 %) 41. one. %
Revenue Sector Account Cash Balances 6.3 4.3 forty six.five % one.five 320. %
Obtained Revenue Sector Resources one.9 one.9 . % 2.6 (26.9 %)
Whole Revenue Sector Balances eight.3 6.3 31.7 % 4.one 102.4 %
Whole Client Cash Balances forty nine.7 forty eight.five 2.five % 45.one 10.2 %


Internet Buy (Offer) Activity five.6 6.five n/m 3.6 n/m
Sector Indices          
S&P 500 (close of period) 4,523 4,395 2.9 % 3,500 29.2 %
Fed Resources Efficient Level (normal bps) 9 10 (10. %) 9 . %



(one) Waddell & Reed belongings and net new belongings were being not incorporated in August Internet New Asset totals or in the calculation of net new asset annualized growth costs as we proceed to onboard belongings from Waddell & Reed that are held right with sponsors.
(2) As of the close of August, $19.9 billion of shopper belongings have onboarded from M&T Lender out of a total of $21.9 billion, including $one.3 billion of shopper belongings that were being onboarded in August.
(3) Assumes ~ninety eight% asset retention of Waddell & Reed total belongings.

For extra data pertaining to these and other LPL Money business metrics, you should refer to the Company’s most new earnings announcement, which is out there in the quarterly outcomes portion of trader.lpl.com.

About LPL Money
LPL Money was started on the theory that the organization really should perform for the advisor, and not the other way close to. Currently, LPL is a leader* in the marketplaces we serve, supporting a lot more than 19,000 financial advisors, and about 800 establishment-centered investment decision courses and 450 independent RIA companies nationwide. We are steadfast in our motivation to the advisor-centered product and the perception that Us citizens have earned access to objective guidance from a financial advisor. At LPL, independence means that advisors have the flexibility they have earned to select the business product, services, and engineering methods that make it possible for them to run their ideal follow. And they have the flexibility to take care of their shopper interactions, for the reason that they know their customers finest. Basically set, we choose treatment of our advisors, so they can choose treatment of their customers.

* Best RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report)
No. one Unbiased Broker-Vendor in the U.S (Centered on total revenues, Money Planning magazine June 1996-2020)
No. one supplier of 3rd-occasion brokerage services to banks and credit score unions (2019-2020 Kehrer Bielan Investigation & Consulting Yearly TPM Report)
Fortune 500 as of June 2021

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

Throughout this communication, the phrases “financial advisors” and “advisors” are applied to refer to registered reps and/or investment decision advisor reps affiliated with LPL Money LLC. We routinely disclose data that may well be essential to shareholders in the “Investor Relations” or “Press 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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