LPL Financial Holdings Inc. - Historical Monthly Activity Through February 2024
As of February 29, 2024
(End of period $ in billions, unless noted) | Feb 2024 | Jan 2024 | Dec 2023 | Nov 2023 | Oct 2023 | Sep 2023 | Aug 2023 | Jul 2023 | Jun 2023 | May 2023 | Apr 2023 | Mar 2023 | Feb 2023 |
Assets(1) | |||||||||||||
Advisory assets | 768.4 | 740.7 | 735.8 | 702.3 | 653.6 | 662.7 | 680.8 | 684.4 | 661.6 | 629.8 | 628.2 | 620.9 | 606.1 |
Brokerage assets | 634.9 | 621.1 | 618.2 | 598.2 | 565.8 | 575.7 | 590.5 | 594.0 | 578.6 | 560.2 | 559.5 | 554.3 | 541.7 |
Total Advisory and Brokerage Assets | 1,403.3 | 1,361.8 | 1,354.1 | 1,300.4 | 1,219.4 | 1,238.4 | 1,271.3 | 1,278.4 | 1,240.2 | 1,190.0 | 1,187.7 | 1,175.2 | 1,147.8 |
Total Net New Assets(2)(3) | |||||||||||||
Net new advisory assets | 6.4 | 2.4 | 8.1 | 6.7 | 5.7 | 6.7 | 8.3 | 7.7 | 7.7 | 7.0 | 3.4 | 6.3 | 4.3 |
Net new brokerage assets | 0.4 | (0.4) | 1.1 | 1.7 | 1.5 | 2.4 | 4.7 | 3.4 | 1.5 | 1.2 | 1.0 | 4.3 | 1.0 |
Total Net New Assets | 6.8 | 2.0 | 9.2 | 8.4 | 7.2 | 9.1 | 13.1 | 11.0 | 9.2 | 8.1 | 4.4 | 10.6 | 5.2 |
Total Organic Net New Assets(4) | |||||||||||||
Net new organic advisory assets | 6.4 | 2.4 | 8.1 | 6.7 | 5.7 | 6.7 | 8.3 | 7.7 | 7.7 | 7.0 | 3.4 | 6.3 | 4.3 |
Net new organic brokerage assets | 0.4 | (0.4) | 1.1 | 1.7 | 1.5 | 2.4 | 4.7 | 3.4 | 1.5 | 1.2 | 1.0 | 3.9 | 1.0 |
Total Organic Net New Assets | 6.8 | 2.0 | 9.2 | 8.4 | 7.2 | 9.1 | 13.1 | 11.0 | 9.2 | 8.1 | 4.4 | 10.1 | 5.2 |
Net brokerage to advisory conversions(5) | 1.3 | 1.0 | 1.0 | 0.9 | 0.8 | 0.8 | 0.9 | 0.9 | 0.8 | 0.7 | 0.6 | 0.7 | 0.8 |
Client Cash Balances | |||||||||||||
Insured cash account sweep | 33.2 | 33.7 | 34.5 | 33.8 | 33.5 | 33.6 | 34.7 | 35.1 | 36.0 | 36.5 | 37.0 | 39.7 | 40.7 |
Deposit cash account sweep | 9.0 | 8.9 | 9.3 | 8.9 | 9.0 | 9.1 | 9.1 | 9.1 | 9.5 | 9.7 | 9.5 | 10.2 | 10.3 |
Total Bank Sweep | 42.2 | 42.6 | 43.8 | 42.7 | 42.5 | 42.7 | 43.8 | 44.3 | 45.5 | 46.2 | 46.5 | 49.9 | 51.0 |
Money market sweep | 2.3 | 2.4 | 2.4 | 2.4 | 2.4 | 2.6 | 2.5 | 2.4 | 2.3 | 2.5 | 2.5 | 2.6 | 2.8 |
Total Client Cash Sweep Held by Third Parties | 44.5 | 45.0 | 46.2 | 45.2 | 44.9 | 45.3 | 46.3 | 46.6 | 47.9 | 48.7 | 49.0 | 52.5 | 53.8 |
Client cash account | 2.0 | 2.3 | 2.3 | 2.1 | 2.1 | 2.0 | 1.8 | 2.2 | 2.1 | 2.0 | 1.9 | 2.1 | 2.4 |
Total Client Cash Balances | 46.5 | 47.3 | 48.5 | 47.3 | 46.9 | 47.3 | 48.2 | 48.8 | 50.0 | 50.6 | 50.9 | 54.6 | 56.2 |
Net buy (sell) activity(6) | 13.0 | 12.0 | 10.8 | 11.3 | 10.7 | 11.3 | 12.7 | 11.6 | 11.7 | 9.5 | 11.1 | 13.4 | 12.4 |
Market Drivers | |||||||||||||
S&P 500 Index (end of period) | 5,096 | 4,846 | 4,770 | 4,568 | 4,194 | 4,288 | 4,508 | 4,589 | 4,450 | 4,180 | 4,169 | 4,109 | 3,970 |
Russell 2000 Index (end of period) | 2,055 | 1,947 | 2,027 | 1,809 | 1,662 | 1,785 | 1,900 | 2,003 | 1,889 | 1,750 | 1,769 | 1,802 | 1,897 |
Fed Funds daily effective rate (average bps) | 533 | 533 | 533 | 533 | 533 | 533 | 533 | 512 | 508 | 505 | 483 | 465 | 457 |
Note: Totals may not foot due to rounding.
- Consists of total advisory and brokerage assets under custody at the Company's broker-dealer subsidiary, LPL Financial LLC ("LPL Financial").
- Consists of total client deposits into advisory or brokerage accounts less total client withdrawals from advisory or brokerage accounts, plus dividends, plus interest, minus advisory fees. The Company considers conversions from and to brokerage or advisory accounts as deposits and withdrawals, respectively.
- Total net new assets includes acquired net new assets for the periods presented below:
Acquired Net New Assets | Feb 2024 | Jan 2024 | Dec 2023 | Nov 2023 | Oct 2023 | Sep 2023 | Aug 2023 | Jul 2023 | Jun 2023 | May 2023 | Apr 2023 | Mar 2023 | Feb 2023 |
Net new acquired advisory assets | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 |
Net new acquired brokerage assets | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.4 | 0.0 |
Total Acquired Net New Assets | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.5 | 0.0 |
(4) Total organic net new assets includes organic net new assets from institutions for the periods presented below: | |||||||||||||
Organic Net New Assets from Large Institutions | Feb 2024 | Jan 2024 | Dec 2023 | Nov 2023 | Oct 2023 | Sep 2023 | Aug 2023 | Jul 2023 | Jun 2023 | May 2023 | Apr 2023 | Mar 2023 | Feb 2023 |
Net new organic advisory assets | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.6 | 1.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Net new organic brokerage assets | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 | 1.3 | 4.2 | 2.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Total Organic Net New Assets from Large Institutions | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 | 1.3 | 4.9 | 4.6 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
- Consists of existing custodied assets that converted from brokerage to advisory, less existing custodied assets that converted from advisory to brokerage.
- Represents the amount of securities purchased less the amount of securities sold in client accounts custodied with LPL Financial.
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LPL Financial Holdings Inc. published this content on 19 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 March 2024 20:42:31 UTC.