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LPL Financial Reports Monthly Activity for July 2021

SAN DIEGO, Aug. 19, 2021 (Globe NEWSWIRE) — LPL Fiscal LLC, a wholly owned subsidiary of LPL Fiscal Holdings Inc. (Nasdaq: LPLA) (the “Company”), these days produced its regular activity report for July 2021.

Complete advisory and brokerage assets at the conclusion of July have been around $1.13 trillion, an increase of $17.six billion, or 1.six%, in contrast to the conclusion of June 2021.

Complete web new assets for July have been $10. billion(1), translating to an eleven.5%(two) annualized advancement rate. This integrated $three. billion of brokerage assets from M&T Bank that onboarded in July(three). Complete web new advisory assets have been $5.7 billion, translating to a 12.7%(two) annualized advancement rate.

Complete customer income balances at the conclusion of July have been $48.5 billion, around flat from the conclusion of June 2021. Net acquiring in July was $six.5 billion.

(End of Interval $ in billions, unless observed) July June Improve July Improve
2021 2021 M/M 2020 Y/Y
Advisory and Brokerage Belongings(four)          
Advisory Belongings 588.four 577.six 1.9% 392.7 49.eight%
Brokerage Belongings 541.four 534.7 1.three% 399.two 35.six%
Complete Advisory and Brokerage Belongings 1,129.9 1,112.three 1.six% 791.9 42.7%
Net New Belongings(1)          
Net New Advisory Belongings 5.7 eleven.two n/m two.9 n/m
Net New Brokerage Belongings four.three 14.eight n/m . n/m
Complete Net New Belongings(5) 10. 26. n/m two.9 n/m


Net Brokerage to Advisory Conversions .eight .9 n/m .7 n/m
Shopper Money Balances          
Insured Money Account Balances 34.four 34.1 .9% 33.two three.six%
Deposit Money Account Balances 7.9 7.six three.9% 7.six three.9%
Complete Bank Sweep Balances 42.two forty one.7 1.two% 40.eight three.four%
Cash Sector Account Money Balances four.three 5. (14.%) 1.six 168.eight%
Procured Cash Sector Cash 1.9 1.7 eleven.eight% two.eight (32.1%)
Complete Cash Sector Balances six.three six.7 (six.%) four.four 43.two%
Complete Shopper Money Balances 48.5 48.four .two% forty five.1 7.5%


Net Acquire (Market) Activity six.5 six. n/m two.9 n/m
Sector Indices          
S&P 500 (conclusion of period of time) four,395 four,298 two.three% three,271 34.four%
Fed Cash Helpful Amount (regular bps) 10 eight 25.% 9 eleven.1%


(1)   July Net New Belongings do not incorporate outcomes from Waddell & Reed advisors, as this kind of advisors onboarded on to LPL’s platform near to the conclusion of July 2021.
(two)   Waddell & Reed asset and web new asset totals have been not integrated in the calculation of July web new asset annualized advancement rate.
(three)   As of the conclusion of July, $eighteen.six billion of customer assets have onboarded from M&T Bank out of a total of $21.9 billion, like $fifteen.six billion of customer assets that have been onboarded in June and $three. billion of customer assets that have been onboarded in July.
(four)   Assumes ~ninety eight% asset retention of Waddell & Reed total assets at the conclusion of June 2021 and ~two% of total assets will not change. This is equal to $sixty eight.9 billion of total assets, of which $33.5 billion have been advisory and $35.four billion have been brokerage.
(5)   Complete Net New Belongings consist of asset inflows minus outflows, as well as dividends, as well as fascination, minus advisory expenses.
    Observe: In July 2021, around 280 associate advisors with Waddell & Reed turned economical industry experts with LPL Fiscal on onboarding on to LPL’s platform and will be reflected as web new advisors in Q3 2021.

For more information about these and other LPL Fiscal small business metrics, be sure to refer to the Company’s most modern earnings announcement, which is readily available in the quarterly outcomes portion of investor.lpl.com.

About LPL Fiscal
LPL Fiscal was established on the principle that the organization really should function for the advisor, and not the other way all around. Now, LPL is a leader* in the markets we provide, supporting a lot more than 19,000 economical advisors, and around 800 establishment-centered investment applications and 450 independent RIA corporations nationwide. We are steadfast in our dedication to the advisor-centered design and the perception that People in america should have accessibility to objective steerage from a economical advisor. At LPL, independence usually means that advisors have the independence they should have to select the small business design, services, and technological know-how assets that permit them to run their great observe. And they have the independence to handle their customer interactions, for the reason that they know their clientele best. Merely put, we just take treatment of our advisors, so they can just take treatment of their clientele.

* Top RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report)
No. 1 Impartial Broker-Seller in the U.S. (Based mostly on total revenues, Fiscal Organizing journal June 1996-2020)
No. 1 supplier of third-party brokerage services to banks and credit score unions (2019-2020 Kehrer Bielan Investigation & Consulting Once-a-year TPM Report)
Fortune 500 as of June 2021

Securities and Advisory services offered as a result of LPL Fiscal LLC, a registered investment advisor. Member FINRA/SIPC.

All through this communication, the phrases “financial advisors” and “advisors” are employed to refer to registered reps and/or investment advisor reps affiliated with LPL Fiscal LLC. We routinely disclose information that might be critical to shareholders in the “Investor Relations” or “Push Releases” portion of our web-site.

Ahead-Hunting Statements
Statements in this push launch about the number of advisors LPL expects to replicate as web new advisors in the third quarter of 2021, and any other statements that are not related to present info or latest problems or that are not purely historic, constitute ahead-on the lookout statements. These ahead-on the lookout statements are centered on the Company’s historic functionality and its programs, estimates and expectations as of August 19, 2021. Ahead-on the lookout statements are not ensures that the foreseeable future outcomes, programs, intentions or expectations expressed or implied will be realized. Matters topic to ahead-on the lookout statements require acknowledged and unknown dangers and uncertainties, like financial, legislative, regulatory, aggressive and other things, which might lead to precise economical or operating outcomes, stages of activity or the timing of situations to be materially different from individuals expressed or implied by ahead-on the lookout statements. Crucial things that could lead to or contribute to this kind of variances incorporate the willpower of recently onboarded associates from Waddell & Reed to terminate their affiliation with LPL Fiscal, as effectively as the other things established forth in Part I, “Item 1A. Danger Factors” in the Company’s 2020 Once-a-year Report on Form 10-K, as might be amended or up to date in the Company’s Quarterly Studies on Form 10-Q or other filings with the Securities and Trade Fee. Besides as necessary by law, the Company precisely disclaims any obligation to update any ahead-on the lookout statements as a consequence of developments occurring after the date of this push launch, even if its estimates transform, and you really should not rely on statements contained herein as representing the Company’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