LPL Financial Reports Monthly Activity for July 2021

SAN DIEGO, Aug. 19, 2021 (Globe NEWSWIRE) — LPL Monetary LLC, a wholly owned subsidiary of LPL Monetary Holdings Inc. (Nasdaq: LPLA) (the “Company”), currently released its monthly exercise report for July 2021.

Full advisory and brokerage belongings at the conclude of July were somewhere around $one.13 trillion, an increase of $seventeen.six billion, or one.six%, as opposed to the conclude of June 2021.

Full web new belongings for July were $10. billion(one), translating to an 11.five%(two) annualized development charge. This provided $3. billion of brokerage belongings from M&T Financial institution that onboarded in July(3). Full web new advisory belongings were $five.7 billion, translating to a 12.7%(two) annualized development charge.

Full customer funds balances at the conclude of July were $48.five billion, about flat from the conclude of June 2021. Internet shopping for in July was $six.five billion.

(Conclusion of Period $ in billions, until pointed out) July June Adjust July Adjust
2021 2021 M/M 2020 Y/Y
Advisory and Brokerage Assets(four)          
Advisory Assets 588.four 577.six one.nine% 392.7 49.eight%
Brokerage Assets 541.four 534.7 one.3% 399.two 35.six%
Full Advisory and Brokerage Assets one,129.nine one,112.3 one.six% 791.nine 42.7%
Internet New Assets(one)          
Internet New Advisory Assets five.7 11.two n/m two.nine n/m
Internet New Brokerage Assets four.3 fourteen.eight n/m . n/m
Full Internet New Assets(five) 10. 26. n/m two.nine n/m


Internet Brokerage to Advisory Conversions .eight .nine n/m .7 n/m
Client Dollars Balances          
Insured Dollars Account Balances 34.four .nine% 33.two 3.six%
Deposit Dollars Account Balances 7.nine 7.six 3.nine% 7.six 3.nine%
Full Financial institution Sweep Balances 42.two 41.7 one.two% 40.eight 3.four%
Revenue Marketplace Account Dollars Balances four.3 five. (fourteen.%) one.six 168.eight%
Procured Revenue Marketplace Resources one.nine one.7 11.eight% two.eight (
Full Revenue Marketplace Balances six.3 six.7 (six.%) four.four forty three.two%
Full Client Dollars Balances 48.five 48.four .two% forty 7.five%


Internet Purchase (Sell) Action six.five six. n/m two.nine n/m
Marketplace Indices          
S&P five hundred (conclude of period of time) four,395 four,298 two.3% 3,271 34.four%
Fed Resources Helpful Charge (regular bps) 10 eight 25.% nine


(one)   July Internet New Assets do not consist of outcomes from Waddell & Reed advisors, as these advisors onboarded onto LPL’s platform close to the conclude of July 2021.
(two)   Waddell & Reed asset and web new asset totals were not provided in the calculation of July web new asset annualized development charge.
(3)   As of the conclude of July, $18.six billion of customer belongings have onboarded from M&T Financial institution out of a whole of $21.nine billion, which include $15.six billion of customer belongings that were onboarded in June and $3. billion of customer belongings that were onboarded in July.
(four)   Assumes ~ninety eight% asset retention of Waddell & Reed whole belongings at the conclude of June 2021 and ~two% of whole belongings will not convert. This is equal to $68.nine billion of whole belongings, of which $33.five billion were advisory and $35.four billion were brokerage.
(five)   Full Internet New Assets consist of asset inflows minus outflows, in addition dividends, in addition desire, minus advisory charges.
    Take note: In July 2021, somewhere around 280 affiliate advisors with Waddell & Reed grew to become monetary pros with LPL Monetary on onboarding onto LPL’s platform and will be reflected as web new advisors in Q3 2021.

For added facts concerning these and other LPL Monetary organization metrics, please refer to the Company’s most latest earnings announcement, which is accessible in the quarterly outcomes section of

About LPL Monetary
LPL Monetary was launched on the basic principle that the firm should perform for the advisor, and not the other way all around. Nowadays, LPL is a chief* in the markets we provide, supporting additional than 19,000 monetary advisors, and somewhere around 800 establishment-based investment plans and 450 independent RIA companies nationwide. We are steadfast in our determination to the advisor-centered design and the perception that Us residents are entitled to access to aim advice from a monetary advisor. At LPL, independence means that advisors have the liberty they are entitled to to pick the organization design, companies, and technological know-how resources that permit them to operate their ideal exercise. And they have the liberty to control their customer relationships, because they know their shoppers very best. Only put, we take treatment of our advisors, so they can take treatment of their shoppers.

* Leading RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report)
No. one Impartial Broker-Seller in the U.S. (Based on whole revenues, Monetary Setting up magazine June 1996-2020)
No. one service provider of third-occasion brokerage companies to banks and credit rating unions (2019-2020 Kehrer Bielan Investigation & Consulting Yearly TPM Report)
Fortune five hundred as of June 2021

Securities and Advisory companies offered by LPL Monetary LLC, a registered investment advisor. Member FINRA/SIPC.

All over this interaction, the conditions “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Monetary LLC. We routinely disclose facts that could be critical to shareholders in the “Trader Relations” or “Press Releases” section of our web site.

Forward-Wanting Statements
Statements in this press release concerning the quantity of advisors LPL expects to replicate as web new advisors in the third quarter of 2021, and any other statements that are not relevant to present specifics or existing circumstances or that are not purely historic, represent ahead-on the lookout statements. These ahead-on the lookout statements are based on the Firm’s historic overall performance and its designs, estimates and anticipations as of August 19, 2021. Forward-on the lookout statements are not assures that the future outcomes, designs, intentions or anticipations expressed or implied will be accomplished. Matters issue to ahead-on the lookout statements include regarded and unfamiliar challenges and uncertainties, which include financial, legislative, regulatory, competitive and other variables, which could induce real monetary or functioning outcomes, levels of exercise or the timing of activities to be materially distinct from those people expressed or implied by ahead-on the lookout statements. Vital variables that could induce or lead to these differences consist of the determination of not too long ago onboarded associates from Waddell & Reed to terminate their affiliation with LPL Monetary, as effectively as the other variables set forth in Component I, “Item 1A. Risk Factors” in the Company’s 2020 Yearly Report on Kind 10-K, as could be amended or up-to-date in the Firm’s Quarterly Reviews on Kind 10-Q or other filings with the Securities and Trade Commission. Other than as demanded by law, the Company precisely disclaims any obligation to update any ahead-on the lookout statements as a consequence of developments happening after the date of this press release, even if its estimates improve, and you should not count on statements contained herein as representing the Firm’s sights as of any date subsequent to the date of this press release.

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