April 22, 2024


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LPL Financial Reports Monthly Activity for July 2021

SAN DIEGO, Aug. 19, 2021 (World NEWSWIRE) — LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (Nasdaq: LPLA) (the “Company”), right now unveiled its month-to-month action report for July 2021.

Full advisory and brokerage assets at the conclusion of July were being close to $one.13 trillion, an increase of $seventeen.six billion, or one.six%, as opposed to the conclusion of June 2021.

Full web new assets for July were being $ten. billion(one), translating to an eleven.5%(two) annualized progress rate. This incorporated $3. billion of brokerage assets from M&T Lender that onboarded in July(3). Full web new advisory assets were being $5.7 billion, translating to a twelve.7%(two) annualized progress rate.

Full consumer funds balances at the conclusion of July were being $48.5 billion, roughly flat from the conclusion of June 2021. Web obtaining in July was $six.5 billion.

(Stop of Period $ in billions, unless famous) July June Transform July Transform
2021 2021 M/M 2020 Y/Y
Advisory and Brokerage Property(4)          
Advisory Property 588.4 577.six one.nine% 392.7 forty nine.8%
Brokerage Property 541.4 534.7 one.3% 399.two 35.six%
Full Advisory and Brokerage Property one,129.nine one,112.3 one.six% 791.nine 42.7%
Web New Property(one)          
Web New Advisory Property 5.7 eleven.two n/m two.nine n/m
Web New Brokerage Property 4.3 14.8 n/m . n/m
Full Web New Property(5) ten. 26. n/m two.nine n/m


Web Brokerage to Advisory Conversions .8 .nine n/m .7 n/m
Shopper Dollars Balances          
Insured Dollars Account Balances 34.4 34.one .nine% 33.two 3.six%
Deposit Dollars Account Balances 7.nine 7.six 3.nine% 7.six 3.nine%
Full Lender Sweep Balances 42.two 41.7 one.two% forty.8 3.4%
Funds Current market Account Dollars Balances 4.3 5. (14.%) one.six 168.8%
Bought Funds Current market Money one.nine one.7 eleven.8% two.8 (32.one%)
Full Funds Current market Balances six.3 six.7 (six.%) 4.4 forty three.two%
Full Shopper Dollars Balances 48.5 48.4 .two% forty five.one 7.5%


Web Acquire (Promote) Activity six.5 six. n/m two.nine n/m
Current market Indices          
S&P five hundred (conclusion of period) 4,395 4,298 two.3% 3,271 34.4%
Fed Money Powerful Rate (typical bps) ten 8 twenty five.% nine eleven.one%


(one)   July Web New Property do not incorporate results from Waddell & Reed advisors, as this kind of advisors onboarded on to LPL’s system near to the conclusion of July 2021.
(two)   Waddell & Reed asset and web new asset totals were being not incorporated in the calculation of July web new asset annualized progress rate.
(3)   As of the conclusion of July, $eighteen.six billion of consumer assets have onboarded from M&T Lender out of a whole of $21.nine billion, together with $15.six billion of consumer assets that were being onboarded in June and $3. billion of consumer assets that were being onboarded in July.
(4)   Assumes ~98% asset retention of Waddell & Reed whole assets at the conclusion of June 2021 and ~two% of whole assets will not convert. This is equivalent to $sixty eight.nine billion of whole assets, of which $33.5 billion were being advisory and $35.4 billion were being brokerage.
(5)   Full Web New Property consist of asset inflows minus outflows, furthermore dividends, furthermore interest, minus advisory fees.
    Notice: In July 2021, close to 280 associate advisors with Waddell & Reed became monetary experts with LPL Financial upon onboarding on to LPL’s system and will be mirrored as web new advisors in Q3 2021.

For extra data pertaining to these and other LPL Financial small business metrics, please refer to the Company’s most new earnings announcement, which is offered in the quarterly results area of trader.lpl.com.

About LPL Financial
LPL Financial was founded on the theory that the agency should do the job for the advisor, and not the other way all over. Right now, LPL is a leader* in the marketplaces we serve, supporting additional than 19,000 monetary advisors, and close to 800 establishment-primarily based investment decision applications and 450 unbiased RIA companies nationwide. We are steadfast in our motivation to the advisor-centered design and the belief that Us residents have earned entry to aim steering from a monetary advisor. At LPL, independence usually means that advisors have the flexibility they have earned to pick out the small business design, expert services, and technology resources that enable them to run their excellent follow. And they have the flexibility to regulate their consumer interactions, because they know their clientele very best. Basically place, we take care of our advisors, so they can take care of their clientele.

* Major RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report)
No. one Impartial Broker-Dealer in the U.S. (Primarily based on whole revenues, Financial Planning journal June 1996-2020)
No. one service provider of third-bash brokerage expert services to banking institutions and credit score unions (2019-2020 Kehrer Bielan Study & Consulting Annual TPM Report)
Fortune five hundred as of June 2021

Securities and Advisory expert services presented via LPL Financial LLC, a registered investment decision advisor. Member FINRA/SIPC.

Throughout this conversation, the conditions “financial advisors” and “advisors” are made use of to refer to registered reps and/or investment decision advisor reps affiliated with LPL Financial LLC. We routinely disclose data that might be vital to shareholders in the “Investor Relations” or “Press Releases” area of our website.

Ahead-Looking Statements
Statements in this push launch pertaining to the number of advisors LPL expects to mirror as web new advisors in the third quarter of 2021, and any other statements that are not relevant to existing information or existing circumstances or that are not purely historical, constitute forward-looking statements. These forward-looking statements are primarily based on the Firm’s historical effectiveness and its plans, estimates and expectations as of August 19, 2021. Ahead-looking statements are not ensures that the long term results, plans, intentions or expectations expressed or implied will be realized. Matters topic to forward-looking statements include recognized and unknown risks and uncertainties, together with economic, legislative, regulatory, aggressive and other aspects, which might trigger genuine monetary or operating results, ranges of action or the timing of gatherings to be materially diverse from individuals expressed or implied by forward-looking statements. Vital aspects that could trigger or add to this kind of dissimilarities incorporate the resolve of not long ago onboarded associates from Waddell & Reed to terminate their affiliation with LPL Financial, as properly as the other aspects set forth in Portion I, “Item 1A. Threat Factors” in the Company’s 2020 Annual Report on Type ten-K, as might be amended or up-to-date in the Firm’s Quarterly Stories on Type ten-Q or other filings with the Securities and Exchange Fee. Besides as needed by regulation, the Business precisely disclaims any obligation to update any forward-looking statements as a final result of developments happening right after the date of this push launch, even if its estimates modify, and you should not rely on statements contained herein as symbolizing the Firm’s views as of any date subsequent to the date of this push launch.

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