LPL Financial Reports Monthly Activity for May 2021
Total advisory and brokerage assets at the end of May were approximately
Total net new assets for May were
Total client cash balances at the end of May were
(End of Period $ in billions, unless noted) | May | April | Change | May | Change | ||
2021 | 2021 | M/M | 2020 | Y/Y | |||
Advisory and Brokerage Assets(3) | |||||||
Advisory Assets | 559.0 | 550.5 | 1.5 | % | 364.9 | 53.2 | % |
Brokerage Assets | 515.1 | 512.7 | 0.5 | % | 381.0 | 35.2 | % |
Total Advisory and Brokerage Assets | 1,074.1 | 1,063.2 | 1.0 | % | 745.9 | 44.0 | % |
Net New Assets(2) | |||||||
Net New Advisory Assets | 5.7 | 38.0 | n/m | 3.1 | n/m | ||
Net New Brokerage Assets | 0.4 | 35.9 | n/m | 1.1 | n/m | ||
Total Net New Assets(4) | 6.1 | 73.8 | n/m | 4.2 | n/m |
Net Brokerage to Advisory Conversions | 1.0 | 1.3 | n/m | 0.4 | n/m | ||
Client Cash Balances | |||||||
Insured Cash Account Balances | 34.5 | 35.0 | (1.4 | %) | 33.5 | 3.0 | % |
Deposit Cash Account Balances | 7.6 | 7.5 | 1.3 | % | 8.0 | (5.0 | %) |
Total Bank Sweep Balances | 42.0 | 42.5 | (1.2 | %) | 41.5 | 1.2 | % |
Money Market Account Cash Balances(5) | 4.3 | 3.7 | 16.2 | % | 1.7 | 152.9 | % |
Purchased Money Market Fund Balances | 1.5 | 1.5 | 0.0 | % | 2.9 | (48.3 | %) |
Total Money Market Balances | 5.8 | 5.2 | 11.5 | % | 4.6 | 26.1 | % |
Total Client Cash Balances | 47.8 | 47.7 | 0.2 | % | 46.2 | 3.2 | % |
5.2 | 6.9 | n/m | 3.9 | n/m | ||||||||
Market Indices | ||||||||||||
S&P 500 (end of period) | 4,204 | 4,181 | 0.6 | % | 3,044 | 38.1 | % | |||||
Fed Funds Effective Rate (average bps) | 6 | 7 | (14.3 | %) | 5 | 20.0 | % |
(1) May Net New Assets do not include results from Waddell & Reed advisors.
(2) Waddell & Reed assets were not included in the calculation of our May net new asset annualized growth rate.
(3) Assumes ~95% asset retention of Waddell & Reed total assets at the end of
(4) Total Net New Assets consist of asset inflows minus outflows, plus dividends, plus interest, minus advisory fees.
(5)
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Source: LPL Financial Holdings, Inc.