114 0 Kommentare LPL Financial Reports Monthly Activity for November 2019

SAN DIEGO, Dec. 17, 2019 (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 November 2019.

Total brokerage and advisory assets served at the end of November were approximately $748 billion, a $16 billion increase, or 2.2%, compared to the end of October 2019.

Total net new assets for November were an inflow of $2.6 billion*, translating to a 4.3% annualized growth rate. Total net new advisory assets were $2.9 billion, translating to a 10.1% annualized growth rate.

As a reminder, in August the Company closed its acquisition of Allen & Company**, at which point $2.9 billion of net new assets were included in its total brokerage and advisory assets. In November, the Company completed the onboarding of those assets onto its clearing platform, positioning it to realize the expected approximately $5 million of annual run-rate EBITDA*** accretion in early 2020.

Total client cash balances at the end of November were $31.8 billion, a $0.2 billion increase compared to October 2019. Net buying in November was $3.3 billion.

Additionally, in November the Company shifted $3 billion of its Insured Cash Account (“ICA”) balances from floating to fixed interest rates, bringing its total fixed rate ICA balances to $12 billion, just above 50% of its total ICA portfolio. The $3 billion of new ICA fixed rate balances have an average duration of approximately 5 years. This shift did not change the Company’s Q4 2019 ICA yield outlook, which is in the low 220 basis point range.

(End of Period $ in billions, unless noted)	November	October	Change	November	Change
(End of Period $ in billions, unless noted)	2019	2019	M/M	2018	Y/Y
*Assets Served*
Advisory Assets	354.9	345.3	2.8%	297.0	19.5%
Brokerage Assets	392.9	386.5	1.7%	362.7	8.3%
Total Brokerage and Advisory Assets	747.8	731.7	2.2%	659.7	13.4%

Net New Assets
Net New Advisory Assets	2.9	3.0	n/m	2.0	n/m
Net New Brokerage Assets	(0.3)	0.3	n/m	1.0	n/m
Total Net New Assets	2.6	3.3	n/m	2.9	n/m

Net Brokerage to Advisory Conversions	0.7	0.6	n/m	0.5	n/m

Client Cash Balances
Insured Cash Account Balances	22.9	22.6	1.3%	21.8	5.0%
Deposit Cash Account Balances	4.6	4.6	0.0%	4.3	7.0%
Total Insured Sweep Balances	27.5	27.2	1.1%	26.1	5.8%
Money Market Sweep Accounts	2.0	2.3	(13.0)%	3.9	(48.7)%
Purchased Money Market Funds	2.2	2.1	4.8%	n/a	n/a
Total Money Market Balances	4.3	4.4	(2.3)%	3.9	10.3%
Total Client Cash Balances	31.8	31.6	0.6%	29.9	6.4%