LPL Financial Reports Monthly Activity for November 2021

SAN DIEGO, Dec. 16, 2021 (World NEWSWIRE) — LPL Economic LLC, a wholly owned subsidiary of LPL Economic Holdings Inc. (Nasdaq: LPLA) (the “Company”), now unveiled its regular monthly exercise report for November 2021.

Whole advisory and brokerage property at the stop of November were being close to $one.seventeen trillion, a lessen of $10 billion, or .eight%, in contrast to the stop of October 2021.

Whole internet new property for November were being $6.9 billion, translating to a 7.% annualized growth rate. Whole internet new advisory property were being $7.one billion, translating to a 13.7% annualized growth rate.

Whole consumer hard cash balances at the stop of November were being $fifty one.9 billion, an improve of $one. billion in contrast to the stop of October 2021. Internet getting in November was $five.five billion.

For additional information and facts with regards to these and other LPL Economic business enterprise metrics, be sure to refer to the Company’s most latest earnings announcement, which is offered in the quarterly success part of investor.lpl.com.

About LPL Economic
LPL Economic was founded on the principle that the agency ought to work for the advisor, and not the other way around. Nowadays, LPL is a leader* in the marketplaces we serve, supporting additional than 19,000 fiscal advisors, and close to 800 establishment-based mostly financial investment applications and 450 unbiased RIA firms nationwide. We are steadfast in our motivation to the advisor-centered design and the belief that Individuals ought to have accessibility to individualized guidance from a fiscal advisor. At LPL, independence indicates that advisors have the liberty they ought to have to choose the business enterprise design, solutions, and technological innovation means that let them to operate their fantastic practice. And they have the liberty to regulate their consumer relationships, simply because they know their clientele very best. Only put, we choose care of our advisors, so they can choose care of their clientele.

* Major RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report) No. one Independent Broker-Dealer in the U.S (Based on full revenues, Economic Preparing journal 1996-2021) No. one company of third-party brokerage solutions to banks and credit score unions (2020-2021 Kehrer Bielan Research & Consulting Once-a-year TPM Report) Fortune five hundred as of June 2021

Securities and Advisory solutions supplied via LPL Economic LLC, a SEC-registered broker-dealer and financial investment advisor. Member FINRA/SIPC.

All over this communication, the terms “financial advisors” and “advisors” are used to refer to registered reps and/or financial investment advisor reps affiliated with LPL Economic LLC. We routinely disclose information and facts that may be essential to shareholders in the “Trader Relations” or “Push Releases” part of our web-site.