LPL Financial Reports Monthly Activity for August 2021

SAN DIEGO, Sept. 21, 2021 (World NEWSWIRE) — LPL Economic LLC, a wholly owned subsidiary of LPL Economic Holdings Inc. (Nasdaq: LPLA) (the “Company”), today launched its monthly activity report for August 2021.

Complete advisory and brokerage property at the stop of August ended up approximately $1.sixteen trillion, an improve of $27. billion, or 2.four%, when compared to the stop of July 2021.

Complete internet new property for August ended up $seven.six billion(1), translating to an 8.six%(1) annualized progress rate. This included $1.3 billion of brokerage property from M&T Lender that onboarded in August(2). Complete internet new advisory property ended up $six.four billion, translating to a thirteen.9%(1) annualized progress rate.

Complete customer cash balances at the stop of August ended up $ billion, an improve of $1.2 billion when compared to the stop of July 2021. Net shopping for in August was $5.six billion.

(Close of Period of time $ in billions, except if mentioned)
August July Improve August Improve
2021 2021 M/M 2020 Y/Y
Advisory and Brokerage Belongings(3)          
Advisory Belongings 604.six 588.four 2.8 % 410.four 47.3 %
Brokerage Belongings 552.3 541.four 2. % 412.2 34. %
Complete Advisory and Brokerage Belongings 1,156.9 1,129.9 2.four % forty.six %

Net New Belongings(1)

Net New Advisory Belongings six.four n/m 3.1 n/m
Net New Brokerage Belongings 1.2 four.3 n/m . n/m
Complete Net New Belongings seven.six ten. n/m 3.1 n/m


Net Brokerage to Advisory Conversions 1.2 .8 n/m .six n/m
Consumer Money Balances          
Insured Money Account Balances 33.2 34.four (3.5 %) 33.four (.six %)
Deposit Money Account Balances 8.2 seven.9 3.8 % seven.six seven.9 %
Complete Lender Sweep Balances forty one.four 42.2 (1.9 %) forty one. 1. %
Money Marketplace Account Money Balances six.3 four.3 forty six.5 % 1.5 320. %
Purchased Money Marketplace Funds 1.9 1.9 . % 2.six (26.9 %)
Complete Money Marketplace Balances 8.3 six.3 % four.1 102.four %
Complete Consumer Money Balances 48.5 2.5 % 45.1 ten.2 %


Net Buy (Market) Action 5.six six.5 n/m 3.six n/m
Marketplace Indices          
S&P five hundred (stop of period of time) four,523 four,395 2.9 % 3,five hundred 29.2 %
Fed Funds Powerful Amount (normal bps) 9 ten (ten. %) 9 . %



(1) Waddell & Reed property and internet new property ended up not included in August Net New Asset totals or in the calculation of internet new asset annualized progress prices as we proceed to onboard property from Waddell & Reed that are held directly with sponsors.
(2) As of the stop of August, $19.9 billion of customer property have onboarded from M&T Lender out of a overall of $21.9 billion, including $1.3 billion of customer property that ended up onboarded in August.
(3) Assumes ~ninety eight% asset retention of Waddell & Reed overall property.

For added data about these and other LPL Economic small business metrics, make sure you refer to the Company’s most current earnings announcement, which is offered in the quarterly final results portion of

About LPL Economic
LPL Economic was launched on the basic principle that the agency should perform for the advisor, and not the other way close to. Nowadays, LPL is a leader* in the marketplaces we provide, supporting additional than 19,000 economic advisors, and approximately 800 institution-primarily based financial investment systems and 450 impartial RIA corporations nationwide. We are steadfast in our motivation to the advisor-centered model and the belief that Americans are worthy of entry to objective steering from a economic advisor. At LPL, independence indicates that advisors have the independence they are worthy of to choose the small business model, companies, and technological innovation methods that enable them to operate their ideal practice. And they have the independence to handle their customer associations, because they know their customers finest. Only put, we consider care of our advisors, so they can consider care of their customers.

* Leading RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report)
No. 1 Unbiased Broker-Vendor in the U.S (Centered on overall revenues, Economic Arranging magazine June 1996-2020)
No. 1 supplier of 3rd-social gathering brokerage companies to financial institutions and credit unions (2019-2020 Kehrer Bielan Study & Consulting Annual TPM Report)
Fortune five hundred as of June 2021

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