LPL Financial Reports Monthly Activity for November 2021

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

Overall advisory and brokerage assets at the close of November had been roughly $one.seventeen trillion, a lower of $10 billion, or .eight%, as opposed to the close of Oct 2021.

Overall net new assets for November had been $6.9 billion, translating to a 7.% annualized expansion amount. Overall net new advisory assets had been $7.one billion, translating to a thirteen.7% annualized expansion amount.

Overall client dollars balances at the close of November had been $51.9 billion, an maximize of $one. billion as opposed to the close of Oct 2021. Web getting in November was $five.five billion.

For extra info regarding these and other LPL Money business metrics, please refer to the Company’s most the latest earnings announcement, which is offered in the quarterly effects part of trader.lpl.com.

About LPL Money
LPL Money was started on the principle that the organization need to work for the advisor, and not the other way all around. Today, LPL is a chief* in the marketplaces we serve, supporting more than 19,000 economical advisors, and roughly 800 establishment-primarily based investment decision programs and 450 independent RIA firms nationwide. We are steadfast in our determination to the advisor-centered design and the perception that Us residents have earned access to personalized assistance from a economical advisor. At LPL, independence indicates that advisors have the flexibility they have earned to opt for the business design, solutions, and technology assets that permit them to operate their ideal apply. And they have the flexibility to regulate their client interactions, mainly because they know their consumers greatest. Simply just place, we acquire treatment of our advisors, so they can acquire treatment of their consumers.

* Top RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report) No. one Unbiased Broker-Supplier in the U.S (Centered on full revenues, Money Arranging magazine 1996-2021) No. one service provider of third-get together brokerage solutions to financial institutions and credit history unions (2020-2021 Kehrer Bielan Exploration & Consulting Yearly TPM Report) Fortune 500 as of June 2021

Securities and Advisory solutions provided via LPL Money LLC, a SEC-registered broker-seller and investment decision advisor. Member FINRA/SIPC.

All through this conversation, the terms “financial advisors” and “advisors” are made use of to refer to registered associates and/or investment decision advisor associates affiliated with LPL Money LLC. We routinely disclose info that might be important to shareholders in the “Investor Relations” or “Press Releases” part of our web page.