LPL Financial Reports Monthly Activity for January 2018

SAN DIEGO, Feb. 20, 2018 (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 2018.

Total brokerage and advisory assets served at the end of January were approximately $636 billion, a 3.5 percent increase compared to the end of December 2017. Total net new assets for January were $3.7 billion. Total client cash sweep balances at the end of January were $28.7 billion, a 3.7 percent decrease compared to December 2017.

Prior to NPH, total brokerage and advisory assets were approximately $598 billion, a 3.0 percent increase compared to the end of December 2017. Total net new assets for January were $1.2 billion. Total client cash sweep balances at the end of January were $27.7 billion, a 3.8 percent decrease compared to December 2017.

(End of Period $ in billions, unless noted)January December
2018 2017 Change
Assets Served
Advisory Assets284.2 273.0 4.1%
Brokerage Assets352.3 342.1 3.0%
Total Brokerage and Advisory Assets 636.5 615.1 3.5%
Assets Served Prior to NPH*
Advisory Assets276.0 265.2 4.1%
Brokerage Assets322.4 315.5 2.2%
Total Brokerage and Advisory Assets 598.4 580.7 3.0%
Net New Assets
Net New Advisory Assets3.0 10.0 n/m
Net New Brokerage Assets0.7 25.6 n/m
Total Net New Assets3.7 35.6 n/m
Net New Assets Prior to NPH*
Net New Advisory Assets2.8 2.4 n/m
Net New Brokerage Assets(1.6)(0.9)n/m
Total Net New Assets1.2 1.5 n/m
Net Brokerage to Advisory Conversions1.0 0.7 n/m
(End of Period $ in billion, unless noted)January December
2018 2017 Change
Cash Sweep Balances
Insured Cash Account Balances22.2 22.9 (3.1%)
Deposit Cash Account Balances4.0 4.2 (4.8%)
Money Market Account Cash Balances2.5 2.7 (7.4%)
Total Cash Sweep Balances28.7 29.8 (3.7%)
Cash Sweep Balances Prior to NPH*
Insured Cash Account Balances21.7 22.5 (3.6%)
Deposit Cash Account Balances3.8 4.0 (5.0%)
Money Market Account Cash Balances2.2 2.3 (4.3%)
Total Cash Sweep Balances27.7 28.8 (3.8%)
Market Indices
S&P 500 (end of period)2,824 2,674 5.6%
Fed Funds Effective Rate (average bps)142 130 9.2%

*Refers to LPL Financial’s acquisition of the broker/dealer network of National Planning Holdings, Inc. (“NPH”).

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 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.
LPL.com / NASDAQ: LPLA

*Based on total revenues, Financial Planning magazine June 1996-2017.

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

Source:LPL Financial Holdings, Inc.