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LPL Financial Reports Monthly Activity for August 2020

SAN DIEGO, Sept. 15, 2020 (GLOBE NEWSWIRE) -- 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 August 2020.
Total brokerage and advisory assets served at the end of August were approximately $823 billion, an increase of 3.9% compared to the end of July 2020.Total net new assets for August were an inflow of $3.1 billion, translating to a 4.7% annualized growth rate. This includes total net new advisory assets of $3.1 billion, translating to a 9.4% annualized growth rate.Total client cash balances at the end of August were $45.1 billion, which were flat compared to the end of July 2020. Net buying in August was $3.6 billion.A 

(End of Period $ in billions, unless noted)



August



July



Change



August



Change



2020



2020



M/M



2019



Y/Y



Assets Served























Advisory Assets



410.4



392.7



4.5%



333.0



A A A A A A  23.2%



Brokerage Assets



412.2



399.2



3.3%



378.7



A A A A A  8.8%



Total Brokerage and Advisory Assets



822.7



791.9



3.9%



711.7



A A A A A A  15.6%



























Total Net New Assets*























Net New Advisory Assets



3.1



2.9



n/m



3.3**



n/m



Net New Brokerage Assets



0.0



0.0



n/m



A A A A A A  (0.2)**



n/m



Total Net New Assets



3.1



2.9



n/m



3.0**



n/m



























Net Brokerage to Advisory Conversions



0.6



0.7



n/m



0.5



n/m



























Client Cash Balances























Insured Cash Account Balances



33.4



33.2



0.6%



22.0



51.8%



Deposit Cash Account Balances



7.6



7.6



0.0%



4.5



68.9%



Total Insured Sweep Balances



41.0



40.8



0.5%



26.5



54.7%



Money Market Sweep Accounts



1.5



1.6



n/m



2.8



n/m



Purchased Money Market Funds



2.6



2.8



n/m



1.7



n/m



Total Money Market Balances



4.1



4.4



A A A A  (6.8)%



4.5



A A A A A  (8.9)%



Total Client Cash Balances



45.1



45.1



A A A A  0.0%



31.0



A A A A A A  45.5%



























Net Buy (Sell) Activity



3.6



2.9



n/m



2.8



n/m



























Market Indices























S&P 500 (end of period)



3,500



3,271



7.0%



2,926



19.6%



Fed Funds Effective Rate (average bps)



9



9



n/m



213



n/m























See also:
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