LPL Financial Reports Monthly Activity for July 2017
August 15 2017 - 4:30PM
Leading retail investment advisory firm and independent
broker/dealer LPL Financial LLC, a wholly owned subsidiary of LPL
Financial Holdings Inc. (NASDAQ:LPLA), today released its monthly
activity report for July 2017.
Total brokerage and advisory assets served at the
end of July were approximately $550 billion, a 1.4 percent increase
compared to the end of June 2017. Total Net New Assets for
July were $0.9 billion. Total client cash sweep balances at the end
of July were $27.3 billion, a 1.8 percent decrease compared to June
2017.
(End of Period $ in billions, unless
noted) |
July |
June |
% |
2017 |
|
2017 |
|
Change |
Assets
Served |
|
|
|
Brokerage Assets |
307.5 |
|
305.2 |
|
0.8 |
% |
Advisory Assets |
242.2 |
|
236.8 |
|
2.3 |
% |
Total Brokerage
and Advisory Assets |
549.7 |
|
542.0 |
|
1.4 |
% |
|
|
|
|
Net New Advisory
Assets |
2.5 |
|
2.0 |
|
n/m |
Net New Brokerage
Assets |
(1.6 |
) |
(2.1 |
) |
n/m |
Total Net New
Assets |
0.9 |
|
(0.1 |
) |
n/m |
|
|
|
|
Net Brokerage to
Advisory Conversions |
0.7 |
|
0.6 |
|
n/m |
|
|
|
|
Insured Cash Account
Balances |
21.5 |
|
20.8 |
|
3.4 |
% |
Deposit Cash Account
Balances |
3.6 |
|
3.7 |
|
(2.7 |
%) |
Money Market Account
Cash Balances |
2.2 |
|
3.3 |
|
(33.3 |
%) |
Total Cash
Sweep Balances |
27.3 |
|
27.8 |
|
(1.8 |
%) |
|
|
|
|
Market
Indices |
|
|
|
S&P 500 (end of
period) |
2,470 |
|
2,423 |
|
1.9 |
% |
Fed Funds Effective
Rate (average bps) |
116 |
|
104 |
|
n/m |
For additional information regarding these and
other LPL Financial business metrics, please refer to the company’s
most recent earnings release, which is available in the Press
Releases section of investor.lpl.com. About LPL
Financial LPL Financial LLC, a wholly owned subsidiary of
LPL Financial Holdings Inc. (NASDAQ:LPLA), is a leader in the
retail financial advice market and served approximately $550
billion in brokerage and advisory assets as of July 31, 2017. LPL
is one of the fastest growing RIA custodians and the nation’s
largest independent broker-dealer (based on total revenues,
Financial Planning magazine June 1996-2017), and the firm and its
financial advisors were ranked No. 1 in net customer loyalty in a
2016 Cogent ReportsTM study. The Company provides proprietary
technology, comprehensive clearing and compliance services,
practice management programs and training, and independent research
to more than 14,000 financial advisors and over 700 financial
institutions, enabling them to provide a range of financial
services including wealth management, retirement planning,
financial planning and other investment services to help their
clients turn life’s aspirations into financial realities. As of
June 30, 2017, financial advisors associated with LPL served more
than 4 million client accounts across the U.S. as well as an
estimated 46,000 retirement plans with an estimated $138 billion in
retirement plan assets. Additionally, LPL supports approximately
3,700 financial advisors licensed and affiliated with insurance
companies with customized clearing, advisory platforms, and
technology solutions. LPL Financial and its affiliates have more
than 3,400 employees with primary offices in Boston, Charlotte, and
San Diego. For more information, visit www.lpl.com.
Securities and Advisory Services offered through
LPL Financial. A Registered Investment Advisor, Member
FINRA/SIPC.
Investor Relations
Chris Koegel
(617) 897-4574
Media Relations
Jeff Mochal
(704) 733-3589
investor.lpl.com/contactus.cfm
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