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LPL Financial Reports Monthly Activity for July 2021

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

Full advisory and brokerage belongings at the end of July had been somewhere around $1.13 trillion, an raise of $seventeen.six billion, or 1.six%, in contrast to the end of June 2021.

Full net new belongings for July had been $10. billion(1), translating to an 11.5%(2) annualized development fee. This bundled $3. billion of brokerage belongings from M&T Lender that onboarded in July(3). Full net new advisory belongings had been $5.seven billion, translating to a 12.seven%(2) annualized development fee.

Full customer income balances at the end of July had been $forty eight.5 billion, approximately flat from the end of June 2021. Web shopping for in July was $six.5 billion.

(Finish of Period $ in billions, unless of course mentioned) July June Transform July Transform
2021 2021 M/M 2020 Y/Y
Advisory and Brokerage Belongings(4)          
Advisory Belongings 588.4 577.six 1.9% 392.seven forty nine.eight%
Brokerage Belongings 541.4 534.seven 1.3% 399.2 35.six%
Full Advisory and Brokerage Belongings 1,129.9 1,112.3 1.six% 791.9 forty two.seven%
Web New Belongings(1)          
Web New Advisory Belongings 5.seven 11.2 n/m 2.9 n/m
Web New Brokerage Belongings 4.3 fourteen.eight n/m . n/m
Full Web New Belongings(5) 10. 26. n/m 2.9 n/m


Web Brokerage to Advisory Conversions .eight .9 n/m .seven n/m
Customer Income Balances          
Insured Income Account Balances 34.4 34.1 .9% 33.2 3.six%
Deposit Income Account Balances seven.9 seven.six 3.9% seven.six 3.9%
Full Lender Sweep Balances forty two.2 forty one.seven 1.2% forty.eight 3.4%
Revenue Market Account Income Balances 4.3 5. (fourteen.%) 1.six 168.eight%
Procured Revenue Market Resources 1.9 1.seven 11.eight% 2.eight (32.1%)
Full Revenue Market Balances six.3 six.seven (six.%) 4.4 forty three.2%
Full Customer Income Balances forty eight.5 forty eight.4 .2% forty five.1 seven.5%


Web Get (Sell) Activity six.5 six. n/m 2.9 n/m
Market Indices          
S&P 500 (end of period of time) 4,395 4,298 2.3% 3,271 34.4%
Fed Resources Effective Rate (common bps) 10 eight 25.% 9 11.1%


(1)   July Web New Belongings do not involve success from Waddell & Reed advisors, as these advisors onboarded on to LPL’s platform near to the end of July 2021.
(2)   Waddell & Reed asset and net new asset totals had been not bundled in the calculation of July net new asset annualized development fee.
(3)   As of the end of July, $18.six billion of customer belongings have onboarded from M&T Lender out of a complete of $21.9 billion, like $15.six billion of customer belongings that had been onboarded in June and $3. billion of customer belongings that had been onboarded in July.
(4)   Assumes ~ninety eight% asset retention of Waddell & Reed complete belongings at the end of June 2021 and ~2% of complete belongings will not change. This is equivalent to $68.9 billion of complete belongings, of which $33.5 billion had been advisory and $35.4 billion had been brokerage.
(5)   Full Web New Belongings consist of asset inflows minus outflows, as well as dividends, as well as curiosity, minus advisory expenses.
    Observe: In July 2021, somewhere around 280 affiliate advisors with Waddell & Reed turned economical professionals with LPL Financial upon onboarding on to LPL’s platform and will be reflected as net new advisors in Q3 2021.

For further details concerning these and other LPL Financial organization metrics, please refer to the Company’s most modern earnings announcement, which is readily available in the quarterly success area of investor.lpl.com.

About LPL Financial
LPL Financial was founded on the theory that the organization must function for the advisor, and not the other way close to. These days, LPL is a chief* in the markets we provide, supporting extra than 19,000 economical advisors, and somewhere around 800 institution-based mostly financial commitment packages and 450 impartial RIA corporations nationwide. We are steadfast in our dedication to the advisor-centered design and the belief that People in america are entitled to obtain to aim advice from a economical advisor. At LPL, independence indicates that advisors have the liberty they are entitled to to opt for the organization design, providers, and technological know-how means that enable them to operate their excellent follow. And they have the liberty to handle their customer associations, simply because they know their consumers greatest. Only set, we take care of our advisors, so they can take care of their consumers.

* Best RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report)
No. 1 Impartial Broker-Seller in the U.S. (Dependent on complete revenues, Financial Arranging magazine June 1996-2020)
No. 1 service provider of 3rd-celebration brokerage providers to banks and credit unions (2019-2020 Kehrer Bielan Study & Consulting Once-a-year TPM Report)
Fortune 500 as of June 2021

Securities and Advisory providers supplied as a result of LPL Financial LLC, a registered financial commitment advisor. Member FINRA/SIPC.

Through this conversation, the phrases “financial advisors” and “advisors” are utilized to refer to registered reps and/or financial commitment advisor reps affiliated with LPL Financial LLC. We routinely disclose details that may be essential to shareholders in the “Trader Relations” or “Push Releases” area of our internet site.

Forward-On the lookout Statements
Statements in this push launch concerning the selection of advisors LPL expects to reflect as net new advisors in the 3rd quarter of 2021, and any other statements that are not similar to existing info or recent situations or that are not purely historic, constitute ahead-seeking statements. These ahead-seeking statements are based mostly on the Company’s historic overall performance and its ideas, estimates and anticipations as of August 19, 2021. Forward-seeking statements are not guarantees that the potential success, ideas, intentions or anticipations expressed or implied will be obtained. Issues matter to ahead-seeking statements require recognized and unknown risks and uncertainties, like financial, legislative, regulatory, aggressive and other elements, which may trigger actual economical or working success, degrees of activity or the timing of gatherings to be materially different from people expressed or implied by ahead-seeking statements. Significant elements that could trigger or lead to these variances involve the dedication of just lately onboarded associates from Waddell & Reed to terminate their affiliation with LPL Financial, as very well as the other elements set forth in Part I, “Item 1A. Possibility Factors” in the Company’s 2020 Once-a-year Report on Type 10-K, as may be amended or up to date in the Company’s Quarterly Experiences on Type 10-Q or other filings with the Securities and Exchange Commission. Except as demanded by legislation, the Business particularly disclaims any obligation to update any ahead-seeking statements as a consequence of developments happening immediately after the date of this push launch, even if its estimates adjust, and you must not count on statements contained herein as representing the Company’s views as of any date subsequent to the date of this push launch.

Trader Relations – Chris Koegel, (617) 897-4574
Media Relations – Lauren Hoyt-Williams, (980) 321-1232
investor.lpl.com/get hold of-us