LPL Financial Reports Monthly Activity for August 2024
LPL Financial released its monthly activity report for August 2024. Total advisory and brokerage assets reached $1.56 trillion, a 2.0% increase from July. Total net new assets were $6.8 billion, including $0.3 billion from acquisitions. Organic net new assets were $6.6 billion, a 5.2% annualized growth rate. Excluding $3.8 billion in off-boarded assets, organic growth was 8.1%. Total client cash balances decreased to $43.3 billion. Net buying in August was $12.6 billion. The S&P 500 Index ended at 5,648, up 2.3% from July, while the Russell 2000 Index decreased 1.6% to 2,218.
LPL Financial ha pubblicato il rapporto mensile sulle attività per agosto 2024. Gli attivi totali in consulenza e intermediazione hanno raggiunto 1,56 trilioni di dollari, con un incremento del 2,0% rispetto a luglio. Gli attivi netti nuovi totali sono stati 6,8 miliardi di dollari, di cui 0,3 miliardi provenienti da acquisizioni. Gli attivi netti nuovi organici ammontano a 6,6 miliardi di dollari, con un tasso di crescita annualizzato del 5,2%. Escludendo gli attivi off-boarded per 3,8 miliardi di dollari, la crescita organica è stata dell'8,1%. I saldi di cassa totali dei clienti sono diminuiti a 43,3 miliardi di dollari. Le compravendite nette in agosto sono state 12,6 miliardi di dollari. L'Indice S&P 500 ha chiuso a 5.648, in aumento del 2,3% rispetto a luglio, mentre l'Indice Russell 2000 è diminuito dell'1,6% a 2.218.
LPL Financial publicó su informe de actividad mensual para agosto de 2024. Los activos totales de asesoría y corretaje alcanzaron 1,56 billones de dólares, un aumento del 2,0% en comparación con julio. Los nuevos activos netos totales fueron 6,8 mil millones de dólares, de los cuales 0,3 mil millones provinieron de adquisiciones. Los nuevos activos netos orgánicos fueron 6,6 mil millones de dólares, con una tasa de crecimiento anualizada del 5,2%. Excluyendo 3,8 mil millones de dólares en activos trasladados, el crecimiento orgánico fue del 8,1%. Los saldos de efectivo totales de los clientes disminuyeron a 43,3 mil millones de dólares. Las compras netas en agosto fueron de 12,6 mil millones de dólares. El índice S&P 500 cerró en 5.648, un aumento del 2,3% en comparación con julio, mientras que el índice Russell 2000 disminuyó un 1,6% a 2.218.
LPL Financial이 2024년 8월의 월간 활동 보고서를 발표했습니다. 총 자문 및 중개 자산은 1.56 조 달러에 달하며, 7월 대비 2.0% 증가했습니다. 총 순 신규 자산은 68 억 달러로, 그 중 3 억 달러는 인수에서 발생했습니다. 유기적 순 신규 자산은 66 억 달러로, 연환산 성장률은 5.2%입니다. 38 억 달러의 이탈 자산을 제외하면 유기적 성장은 8.1%입니다. 고객의 총 현금 잔고는 433 억 달러로 감소했습니다. 8월의 순 매수는 126 억 달러였습니다. S&P 500 지수는 5,648로 마감해 7월 대비 2.3% 상승했으며, 러셀 2000 지수는 2,218로 1.6% 하락했습니다.
LPL Financial a publié son rapport d'activité mensuel pour août 2024. Les actifs totaux en conseil et courtage ont atteint 1,56 trillion de dollars, soit une augmentation de 2,0% par rapport à juillet. Les nouveaux actifs nets totaux étaient de 6,8 milliards de dollars, dont 0,3 milliard provenant d'acquisitions. Les nouveaux actifs nets organiques s'élevaient à 6,6 milliards de dollars, avec un taux de croissance annualisé de 5,2%. En excluant 3,8 milliards de dollars d'actifs transférés, la croissance organique était de 8,1%. Les soldes de trésorerie totaux des clients ont diminué pour atteindre 43,3 milliards de dollars. Les achats nets en août étaient de 12,6 milliards de dollars. L'indice S&P 500 a terminé à 5.648, en hausse de 2,3% par rapport à juillet, tandis que l'indice Russell 2000 a diminué de 1,6% pour atteindre 2.218.
LPL Financial hat seinen monatlichen Aktivitätsbericht für August 2024 veröffentlicht. Die gesamten Beratungs- und Vermittlungsvermögen erreichten 1,56 Billionen Dollar, was einem Anstieg von 2,0% im Vergleich zu Juli entspricht. Die gesamten neuen Nettovermögen beliefen sich auf 6,8 Milliarden Dollar, einschließlich 0,3 Milliarden Dollar aus Übernahmen. Die organischen neuen Nettovermögen betrugen 6,6 Milliarden Dollar, was einer annualisierten Wachstumsrate von 5,2% entspricht. Ohne 3,8 Milliarden Dollar an abgezogenen Vermögenswerten betrug das organische Wachstum 8,1%. Die Gesamtsalden der Kundenkassen sanken auf 43,3 Milliarden Dollar. Der Nettokauf im August betrug 12,6 Milliarden Dollar. Der S&P 500 Index schloss bei 5.648, was einem Anstieg von 2,3% gegenüber Juli entspricht, während der Russell 2000 Index um 1,6% auf 2.218 fiel.
- Total advisory and brokerage assets increased by 2.0% to $1.56 trillion
- Organic net new assets grew at a 5.2% annualized rate, reaching $6.6 billion
- Excluding off-boarded assets, organic net new assets growth rate was 8.1%
- Net buying activity remained strong at $12.6 billion
- Total client cash balances decreased by $0.7 billion to $43.3 billion
- Off-boarding of $3.8 billion in assets from misaligned large OSJs
Insights
LPL Financial's August 2024 report reveals strong growth indicators. Total advisory and brokerage assets reached
The
LPL Financial's performance outpaces broader market indicators. While the S&P 500 grew
The company's organic growth rate of
SAN DIEGO, Sept. 19, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC (“LPL Financial”), a wholly owned subsidiary of LPL Financial Holdings Inc. (Nasdaq: LPLA) (the “Company”), today released its monthly activity report for August 2024.
Total advisory and brokerage assets at the end of August were
Total net new assets for August were
Total organic net new assets for August were
Total organic net new advisory assets were
Total client cash balances at the end of August were
| (End of period $ in billions, unless noted) | August | July | Change | August | Change | ||
| 2024 | 2024 | M/M | 2023 | Y/Y | |||
| Advisory and Brokerage Assets | |||||||
| Advisory assets | 869.5 | 850.6 | 680.8 | ||||
| Brokerage assets | 690.6 | 678.7 | 590.5 | ||||
| Total Advisory and Brokerage Assets | 1,560.1 | 1,529.3 | 2.0% | 1,271.3 | 22.7% | ||
| Organic Net New Assets | |||||||
| Net new organic advisory assets | 5.4 | 6.8 | n/m | 8.3 | n/m | ||
| Net new organic brokerage assets | 1.1 | 2.2 | n/m | 4.7 | n/m | ||
| Total Organic Net New Assets | 6.6 | 9.0 | n/m | 13.1 | n/m | ||
| Acquired Net New Assets | |||||||
| Net new organic advisory assets | 0.2 | 0.0 | n/m | 0.0 | n/m | ||
| Net new organic brokerage assets | 0.0 | 0.0 | n/m | 0.0 | n/m | ||
| Total Acquired Net New Assets | 0.3 | 0.0 | n/m | 0.0 | n/m | ||
| Total Net New Assets | |||||||
| Net new advisory assets | 5.7 | 6.8 | n/m | 8.3 | n/m | ||
| Net new brokerage assets | 1.2 | 2.2 | n/m | 4.7 | n/m | ||
| Total Net New Assets | 6.8 | 9.0 | n/m | 13.1 | n/m | ||
| Net brokerage to advisory conversions | 1.3 | 1.0 | n/m | 0.9 | n/m | ||
| Client Cash Balances | |||||
| Insured cash account sweep | 30.4 | 31.1 | ( | 34.7 | ( |
| Deposit cash account sweep | 9.3 | 9.1 | 9.1 | ||
| Total Bank Sweep | 39.7 | 40.2 | (1.2%) | 43.8 | (9.4%) |
| Money market sweep | 2.2 | 2.3 | ( | 2.5 | ( |
| Total Client Cash Sweep Held by Third Parties | 41.9 | 42.5 | (1.4%) | 46.3 | (9.5%) |
| Client cash account(1) | 1.4 | 1.5 | ( | 1.3 | |
| Total Client Cash Balances | 43.3 | 44.0 | (1.6%) | 47.7 | (9.2%) |
| Net buy (sell) activity | 12.6 | 12.9 | n/m | 12.7 | n/m |
| Market Drivers | |||||
| S&P 500 Index (end of period) | 5,648 | 5,522 | 4,508 | ||
| Russell 2000 Index (end of period) | 2,218 | 2,254 | ( | 1,900 | |
| Fed Funds daily effective rate (average bps) | 533 | 533 | —% | 533 | —% |
Note: Totals may not foot due to rounding.
(1) During the first quarter of 2024, the Company updated its definition of client cash account balances to exclude other client payables. Prior period disclosures have been updated to reflect this change as applicable.
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.
Contacts
Investor Relations
investor.relations@lplfinancial.com
Media Relations
media.relations@lplfinancial.com
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle that the firm should work for advisors and institutions, and not the other way around. Today, LPL is a leader in the markets we serve, serving more than 23,000 financial advisors, including advisors at approximately 1,000 institutions and at approximately 580 registered investment advisor (“RIA”) firms nationwide. We are steadfast in our commitment to the advisor-mediated model and the belief that Americans deserve access to personalized guidance from a financial professional. At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.
Securities and Advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor. Member FINRA/SIPC. LPL Financial and its affiliated companies provide financial services only from the United States.
Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.
FAQ
What was LPL Financial's total advisory and brokerage assets for August 2024?
How much were LPL Financial's organic net new assets in August 2024?
What was the impact of off-boarded assets on LPL Financial's (LPLA) organic growth rate in August 2024?
How did client cash balances change for LPL Financial in August 2024?
