Market Overview

LPL Financial Reports Monthly Activity for October 2017


SAN DIEGO, Nov. 16, 2017 (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 October 2017.

Total brokerage and advisory assets served at the end of October were approximately $566 billion, a 1.1 percent increase compared to the end of September 2017. Total net new assets for October were $0.6 billion. Total client cash sweep balances at the end of October were $27.7 billion, a 2.1 percent decrease compared to September 2017.

(End of Period $ in billions, unless noted) October September %
2017 2017 Change
Assets Served      
Brokerage Assets 311.6   309.8    0.6 %
Advisory Assets 254.8   250.2   1.8 %
Total Brokerage and Advisory Assets 566.4   560.0   1.1 %
Net New Advisory Assets 1.7   1.7   n/m  
Net New Brokerage Assets (1.1 ) (0.8 ) n/m  
Total Net New Assets 0.6   0.9   n/m  
Net Brokerage to Advisory Conversions 0.7   0.5   n/m  
Insured Cash Account Balances 21.5   21.9   (1.8 %)
Deposit Cash Account Balances 3.9   4.1   (4.9 %)
Money Market Account Cash Balances 2.3   2.3   0.0 %
Total Cash Sweep Balances 27.7   28.3   (2.1 %)
Market Indices      
S&P 500 (end of period) 2,575   2,519   2.2 %
Fed Funds Effective Rate (average bps) 116   116   n/m  

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
About LPL Financial
LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), is a leader in the retail financial advice market and provided service to approximately $566 billion in brokerage and advisory assets as of Oct. 31, 2017. LPL is one of the fastest growing RIA custodians and the nation's largest independent broker-dealer (based on total revenues, Financial Planning magazine June 1996-2017), and the firm and its financial advisors were ranked No. 1 in net customer loyalty in a 2016 Cogent Reports™ study. The Company provides proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 14,000 financial advisors and over 700 financial institutions, enabling them to provide a range of financial services including wealth management, retirement planning, financial planning and other investment services to help their clients turn life's aspirations into financial realities. As of Sept. 30, 2017, financial advisors associated with LPL served more than 4 million client accounts across the U.S. as well as an estimated 41,000 retirement plans with an estimated $137 billion in retirement plan assets. Additionally, LPL supports approximately 3,700 financial advisors licensed and affiliated with insurance companies with customized clearing, advisory platforms, and technology solutions. LPL Financial and its affiliates have more than 3,500 employees with primary offices in Boston, Charlotte, and San Diego. For more information, visit

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

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