February 24, 2020 - 4:05 PM EST
LPL Financial Reports Monthly Activity for January 2020

LPL Financial Reports Monthly Activity for January 2020

SAN DIEGO, Feb. 24, 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 January 2020.

Total brokerage and advisory assets served at the end of January were approximately $767 billion, a $3 billion increase, or 0.3%, compared to the end of December 2019.

Total net new assets for January were an inflow of $3.4 billion, translating to a 5.3% annualized growth rate.  Total net new advisory assets were $4.0 billion, translating to a 13.2% annualized growth rate.

Total client cash balances at the end of January were $33.5 billion, a $0.2 billion decrease compared to December 2019. Net buying in January was $4.5 billion.

(End of Period $ in billions, unless noted)January December Change January Change 
 2020 2019 M/M 2019 Y/Y 
Assets Served     
Advisory Assets369.2 365.8 0.9% 298.5 23.7% 
Brokerage Assets397.7 398.6 (0.2)% 362.3 9.8% 
Total Brokerage and Advisory Assets767.0 764.4 0.3% 660.8 16.1% 
      
Net New Assets     
Net New Advisory Assets4.0 3.8 n/m 0.9 n/m 
Net New Brokerage Assets(0.6) (0.9) n/m (0.2) n/m 
Total Net New Assets3.4 2.9 n/m 0.7 n/m 
        
Net Brokerage to Advisory Conversions0.9 0.6 n/m 0.3 n/m 
       
Client Cash Balances      
Insured Cash Account Balances24.4 24.4 0.0% 22.9 6.6% 
Deposit Cash Account Balances4.8 5.0 (4.0)% 4.5 6.7% 
Total Insured Sweep Balances29.2 29.4 (0.7)% 27.4 6.6% 
Money Market Sweep Accounts1.7 1.9 (10.5)% 4.8 (64.6)% 
Purchased Money Market Funds2.5 2.4 4.2% n/a n/a 
Total Money Market Balances4.2 4.3 (2.3)% 4.8 (12.5)% 
Total Client Cash Balances33.5 33.7 (0.6)% 32.2 4.0% 


Net Buy (Sell) Activity4.5 3.2 n/m 5.0 n/m 
Market Indices          
S&P 500 (end of period)3,226 3,231 (0.2)% 2,704 19.3% 
Fed Funds Effective Rate (average bps)155 155 0.0% 240 (35.4)% 

For additional information regarding these and other LPL Financial business metrics, please refer to the Company’s most recent earnings announcement, which is available in the quarterly results section of investor.lpl.com.

About LPL Financial

LPL Financial (https://www.lpl.com) is a leader in the retail financial advice market and the nation’s largest independent broker/dealer(+).  We serve independent financial advisors and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow thriving practices.  LPL enables them to provide objective guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions.

+ Based on total revenues, Financial Planning magazine June 1996-2019.

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/contact-us

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Source: GlobeNewswire (February 24, 2020 - 4:05 PM EST)