LPL Financial Reports Monthly Activity for November 2021

SAN DIEGO, Dec. 16, 2021 (World NEWSWIRE) — LPL Monetary LLC, a wholly owned subsidiary of LPL Monetary Holdings Inc. (Nasdaq: LPLA) (the “Company”), right now introduced its regular monthly action report for November 2021.

Whole advisory and brokerage belongings at the stop of November were about $one.17 trillion, a lessen of $ten billion, or .8%, as opposed to the stop of Oct 2021.

Whole web new belongings for November were $6.9 billion, translating to a seven.% annualized growth price. Whole web new advisory belongings were $seven.one billion, translating to a 13.seven% annualized growth price.

Whole client cash balances at the stop of November were $51.9 billion, an boost of $one. billion as opposed to the stop of Oct 2021. Web obtaining in November was $five.five billion.

For further facts concerning these and other LPL Monetary small business metrics, please refer to the Company’s most recent earnings announcement, which is available in the quarterly benefits part of investor.lpl.com.

About LPL Monetary
LPL Monetary was founded on the basic principle that the organization really should perform for the advisor, and not the other way all over. Currently, LPL is a leader* in the markets we serve, supporting far more than 19,000 economical advisors, and about 800 institution-based investment packages and 450 impartial RIA corporations nationwide. We are steadfast in our determination to the advisor-centered design and the belief that People in america deserve entry to personalised advice from a economical advisor. At LPL, independence usually means that advisors have the flexibility they deserve to pick out the small business design, solutions, and technology methods that let them to run their fantastic practice. And they have the flexibility to deal with their client relationships, since they know their customers best. Simply set, we acquire treatment of our advisors, so they can acquire treatment of their customers.

* Major RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report) No. one Unbiased Broker-Dealer in the U.S (Based on total revenues, Monetary Scheduling magazine 1996-2021) No. one service provider of third-bash brokerage solutions to financial institutions and credit rating unions (2020-2021 Kehrer Bielan Analysis & Consulting Annual TPM Report) Fortune 500 as of June 2021

Securities and Advisory solutions supplied through LPL Monetary LLC, a SEC-registered broker-seller and investment advisor. Member FINRA/SIPC.

Throughout this communication, the terms “financial advisors” and “advisors” are utilised to refer to registered associates and/or investment advisor associates affiliated with LPL Monetary LLC. We routinely disclose facts that may perhaps be crucial to shareholders in the “Trader Relations” or “Press Releases” part of our web site.