{"id":765010,"date":"2023-06-21T07:33:59","date_gmt":"2023-06-21T11:33:59","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lpl-financial-reports-monthly-activity-for-may-2023\/"},"modified":"2023-06-21T07:33:59","modified_gmt":"2023-06-21T11:33:59","slug":"lpl-financial-reports-monthly-activity-for-may-2023","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lpl-financial-reports-monthly-activity-for-may-2023\/","title":{"rendered":"LPL Financial Reports Monthly Activity For May 2023"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">SAN DIEGO, June  21, 2023  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=70NYaVaOzDcGg5MVrNP-93PSuZO0VdLmeLOHPtAPUF7M7ZgCdS056cj_0cPIlw2Rj8ZjrjlPEM4KpBY1X4SBrQ==\" rel=\"nofollow noopener\" target=\"_blank\"><u>LPL Financial<\/u><\/a> LLC (\u201cLPL Financial\u201d), a wholly owned subsidiary of LPL Financial Holdings Inc. (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tK-TtO_HL7gb0zbiOeCsqHJJ_ZsDVtELjxbhv4Nk-y4_Cl-gNtClp07LmScPbDgKK5GfoZEG4-czrNqXceGuojliLrIWARe6u5FqKI6YLp8=\" rel=\"nofollow noopener\" target=\"_blank\"><u>Nasdaq: LPLA<\/u><\/a>) (the \u201cCompany\u201d), today released its monthly activity report for May 2023.<\/p>\n<p>Total advisory and brokerage assets at the end of May were $1.19\u00a0trillion, an increase of $2.3 billion, or 0.2%, compared to the end of April 2023.<\/p>\n<p>Total net new assets for May were $8.1\u00a0billion, translating to an 8.2% annualized growth rate. Total net new advisory assets were $7.0\u00a0billion, translating to a 13.4% annualized growth rate.<\/p>\n<p>Total client cash balances at the end of May were $50.6\u00a0billion, a decrease of $0.3 billion compared to the end of April 2023. Net buying in May was $9.5\u00a0billion.<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:60%;width:60%;min-width:60%;vertical-align: middle\">\n            <strong>(End of period $ in billions, unless noted)<\/strong><br \/>\n            \n          <\/td>\n<td style=\"max-width:8%;width:8%;min-width:8%;text-align: right;vertical-align: middle;vertical-align: middle\">\n            <strong>May<\/strong>\n          <\/td>\n<td style=\"max-width:8%;width:8%;min-width:8%;text-align: right;vertical-align: middle;vertical-align: middle\">\n            <strong>April<\/strong>\n          <\/td>\n<td style=\"max-width:8%;width:8%;min-width:8%;text-align: right;vertical-align: middle;vertical-align: middle\">\n            <strong>Change<\/strong>\n          <\/td>\n<td style=\"max-width:8%;width:8%;min-width:8%;text-align: right;vertical-align: middle;vertical-align: middle\">\n            <strong>May<\/strong>\n          <\/td>\n<td style=\"max-width:8%;width:8%;min-width:8%;text-align: right;vertical-align: middle;vertical-align: middle\">\n            <strong>Change<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">\n            <strong>2023<\/strong>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">\n            <strong>2023<\/strong>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">\n            <strong>M\/M<\/strong>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">\n            <strong>2022<\/strong>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">\n            <strong>Y\/Y<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">\n            <strong><br \/>\n              <em><br \/>\n                <u>Advisory and Brokerage Assets<\/u><br \/>\n              <\/em><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:53%;min-width:53%;vertical-align: middle\">Advisory assets<\/td>\n<td style=\"max-width:9%;min-width:9%;text-align: right;vertical-align: middle;vertical-align: bottom\">629.8<\/td>\n<td style=\"max-width:9%;min-width:9%;text-align: right;vertical-align: middle;vertical-align: bottom\">628.2<\/td>\n<td style=\"max-width:9%;min-width:9%;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">0.3%<\/td>\n<td style=\"max-width:9%;min-width:9%;text-align: right;vertical-align: middle;vertical-align: bottom\">591.8<\/td>\n<td style=\"max-width:9%;min-width:9%;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">6.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">Brokerage assets<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">560.2<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">559.5<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">0.1%<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">528.6<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">6.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">\n            <strong>Total Advisory and Brokerage Assets<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>1,190.0<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>1,187.7<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>0.2<\/strong><br \/>\n            <strong>%<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>1,120.4<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>6.2<\/strong><br \/>\n            <strong>%<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">\n            <strong><br \/>\n              <em><br \/>\n                <u>Total Net New Assets<\/u><br \/>\n              <\/em><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">Net new advisory assets<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">7.0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">3.4<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">n\/m<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">5.1<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">n\/m<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">Net new brokerage assets<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">1.2<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">1.0<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">n\/m<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">19.6<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">n\/m<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">\n            <strong>Total Net New Assets<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>8.1<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>4.4<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>n\/m<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>24.8<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>n\/m<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">\n            <strong><br \/>\n              <em><br \/>\n                <u>Organic Net New Assets<\/u><br \/>\n              <\/em><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">Net new organic advisory assets<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">7.0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">3.4<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">n\/m<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">5.1<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">n\/m<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">Net new organic brokerage assets<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">1.2<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">1.0<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">n\/m<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">19.6<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">n\/m<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">\n            <strong>Total Organic Net New Assets<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>8.1<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>4.4<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>n\/m<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>24.8<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>n\/m<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">Net brokerage to advisory conversions<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">0.7<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">0.6<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">n\/m<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">0.6<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">n\/m<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">\n            <strong><br \/>\n              <em><br \/>\n                <u>Client Cash Balances<\/u><br \/>\n              <\/em><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">Insured cash account sweep<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">36.5<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">37.0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">(1.4%)<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">37.3<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">(2.1%)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">Deposit cash account sweep<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">9.7<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">9.5<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">2.1%<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">11.0<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">(11.8%)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px;vertical-align: middle\">\n            <strong>Total Bank Sweep<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>46.2<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>46.5<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>(0.6<\/strong><br \/>\n            <strong>%)<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>48.3<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>(4.3<\/strong><br \/>\n            <strong>%)<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">Money market sweep<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">2.5<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">2.5<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u2014%<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">17.1<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">(85.4%)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px;vertical-align: middle\">\n            <strong>Total Client Cash Sweep Held by Third Parties<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>48.7<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>49.0<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>(0.6<\/strong><br \/>\n            <strong>%)<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>65.4<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>(25.5<\/strong><br \/>\n            <strong>%)<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">Client cash account<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">2.0<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">1.9<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">5.3%<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">1.8<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">11.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">\n            <strong>Total Client Cash Balances<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>50.6<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>50.9<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>(0.6<\/strong><br \/>\n            <strong>%)<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>67.2<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>(24.7<\/strong><br \/>\n            <strong>%)<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">Net buy (sell) activity<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">9.5<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">11.1<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">n\/m<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">0.2<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">n\/m<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">\n            <strong><br \/>\n              <em><br \/>\n                <u>Market Drivers<\/u><br \/>\n              <\/em><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">S&amp;P 500 Index (end of period)<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">4,180<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">4,169<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">0.3%<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">4,132<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">1.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">Russell 2000 Index (end of period)<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">1,750<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">1,769<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">(1.1%)<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">1,864<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">(6.1%)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">Fed Funds daily effective rate (average bps)<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">505<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">483<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">4.6%<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">76<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">n\/m<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p>Note: Totals may not foot due to rounding.<\/p>\n<p>For additional information regarding these and other LPL Financial business metrics, please refer to the Company\u2019s <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=i-00uf4cGOOSEtOxrf776gCUr7lvdjT9qbragfajrRH6Gqn6fXtInDmxMFlnH5fDVKQ4z8Mmy33i_7_-8yctrOniVvaKNjdiWxAovmJfqV6yrKVyndspaluq31iVE563ov3ZeooZureKhlEyWz-m61CXnKzdgxTpmSchI9LfXT8=\" rel=\"nofollow noopener\" target=\"_blank\"><u>most recent earnings announcement<\/u><\/a>, which is available in the <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jQqJYe0CCeDe5hGCvjeka4qyE3hMek5RPOnL5pONDS8k_n6wrRVKbg_mtqtvf4QUC5rag04Pt65AiUkkk7Hoza_Bcj0fGMmK4FQpzpi-sJuA9NG2X2QI9hq5BKUbMyLT75L8hPKK9cjGawMKD_ERwg==\" rel=\"nofollow noopener\" target=\"_blank\"><u>quarterly results<\/u><\/a> section of <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=vHzNx10KzpWWJMHDf6NLS86_nceZKd3jpP8ifcmaxKOK6k6SkWf4GyhFfCyqE2xw_lH0rYG3b9ix0w1qtks0xiS-REOqGf5HJBCeg3WhKIrLMPKGQAh98kOgsR5hxsM8\" rel=\"nofollow noopener\" target=\"_blank\"><u>investor.lpl.com<\/u><\/a><u>.<\/u><\/p>\n<p>\n        <strong><br \/>\n          <u>Contacts<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p>Investor Relations<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=vHzNx10KzpWWJMHDf6NLS6AgFaWejTCD3g7lkCxiDU5DQzvWGvPXNoM24NAfPFsn2OoCtAT_D_R2UcGqTrMhXx-auUpwD4F56Xjy-EbU96mC0yXseRsv9S5I7mtTgFS9\" rel=\"nofollow noopener\" target=\"_blank\"><u>investor.relations@lplfinancial.com<\/u><\/a><br \/>(617) 897-4574<\/p>\n<p>Media Relations<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ej7EBpt-Fd242ayAabQGKPW0ucoCHJoZ0KZ6e-I1-CePaahtyihoJzFLMZka6vkxts_kOX_Mx137ke4sb9W4hbhIx1SH0M5QSb186s7EZRNDvmSdTwDJUE5-6QKBGqJK\" rel=\"nofollow noopener\" target=\"_blank\"><u>media.relations@lplfinancial.com<\/u><\/a><br \/>(980) 321-1232<\/p>\n<p>\n        <strong><br \/>\n          <u>About LPL Financial<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p>LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader in the markets we serve, supporting more than 21,000 financial advisors, including advisors at approximately 1,100 enterprises and at approximately 500 registered investment advisor (\u201cRIA\u201d) firms nationwide. We are steadfast in our commitment to the advisor-mediated advice model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients.<\/p>\n<p>Securities and advisory services offered through LPL Financial LLC (\u201cLPL Financial\u201d), a registered investment advisor. Member FINRA\/SIPC. LPL Financial and its affiliated companies provide financial services only from the United States.<\/p>\n<p>Throughout this communication, the terms \u201cfinancial advisors\u201d and \u201cadvisors\u201d are used to refer to registered representatives and\/or investment advisor representatives affiliated with LPL Financial.<\/p>\n<p>We routinely disclose information that may be important to shareholders in the \u201cInvestor Relations\u201d or \u201cPress Releases\u201d section of our website.<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg2MTUzNyM1NjU2NTcxIzIwMTkxNDA=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MmZiZGY0MjAtYjlkYi00MWQwLTlmNjItNmMwMzdiMmU5YTRhLTEwMzA3MTM=\/tiny\/LPL-Financial-Holdings-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SAN DIEGO, June 21, 2023 (GLOBE NEWSWIRE) &#8212; LPL Financial LLC (\u201cLPL Financial\u201d), a wholly owned subsidiary of LPL Financial Holdings Inc. (Nasdaq: LPLA) (the \u201cCompany\u201d), today released its monthly activity report for May 2023. Total advisory and brokerage assets at the end of May were $1.19\u00a0trillion, an increase of $2.3 billion, or 0.2%, compared to the end of April 2023. Total net new assets for May were $8.1\u00a0billion, translating to an 8.2% annualized growth rate. Total net new advisory assets were $7.0\u00a0billion, translating to a 13.4% annualized growth rate. Total client cash balances at the end of May were $50.6\u00a0billion, a decrease of $0.3 billion compared to the end of April 2023. Net buying in May was $9.5\u00a0billion. (End &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lpl-financial-reports-monthly-activity-for-may-2023\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;LPL Financial Reports Monthly Activity For May 2023&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-765010","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LPL Financial Reports Monthly Activity For May 2023 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lpl-financial-reports-monthly-activity-for-may-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LPL Financial Reports Monthly Activity For May 2023 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN DIEGO, June 21, 2023 (GLOBE NEWSWIRE) &#8212; LPL Financial LLC (\u201cLPL Financial\u201d), a wholly owned subsidiary of LPL Financial Holdings Inc. (Nasdaq: LPLA) (the \u201cCompany\u201d), today released its monthly activity report for May 2023. Total advisory and brokerage assets at the end of May were $1.19\u00a0trillion, an increase of $2.3 billion, or 0.2%, compared to the end of April 2023. Total net new assets for May were $8.1\u00a0billion, translating to an 8.2% annualized growth rate. Total net new advisory assets were $7.0\u00a0billion, translating to a 13.4% annualized growth rate. Total client cash balances at the end of May were $50.6\u00a0billion, a decrease of $0.3 billion compared to the end of April 2023. Net buying in May was $9.5\u00a0billion. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/lpl-financial-reports-monthly-activity-for-may-2023\/","og_locale":"en_US","og_type":"article","og_title":"LPL Financial Reports Monthly Activity For May 2023 - Market Newsdesk","og_description":"SAN DIEGO, June 21, 2023 (GLOBE NEWSWIRE) &#8212; LPL Financial LLC (\u201cLPL Financial\u201d), a wholly owned subsidiary of LPL Financial Holdings Inc. (Nasdaq: LPLA) (the \u201cCompany\u201d), today released its monthly activity report for May 2023. Total advisory and brokerage assets at the end of May were $1.19\u00a0trillion, an increase of $2.3 billion, or 0.2%, compared to the end of April 2023. Total net new assets for May were $8.1\u00a0billion, translating to an 8.2% annualized growth rate. Total net new advisory assets were $7.0\u00a0billion, translating to a 13.4% annualized growth rate. Total client cash balances at the end of May were $50.6\u00a0billion, a decrease of $0.3 billion compared to the end of April 2023. Net buying in May was $9.5\u00a0billion. (End &hellip; Continue reading \"LPL Financial Reports Monthly Activity For May 2023\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/lpl-financial-reports-monthly-activity-for-may-2023\/","og_site_name":"Market Newsdesk","article_published_time":"2023-06-21T11:33:59+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg2MTUzNyM1NjU2NTcxIzIwMTkxNDA=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lpl-financial-reports-monthly-activity-for-may-2023\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lpl-financial-reports-monthly-activity-for-may-2023\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"LPL Financial Reports Monthly Activity For May 2023","datePublished":"2023-06-21T11:33:59+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lpl-financial-reports-monthly-activity-for-may-2023\/"},"wordCount":552,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lpl-financial-reports-monthly-activity-for-may-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg2MTUzNyM1NjU2NTcxIzIwMTkxNDA=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lpl-financial-reports-monthly-activity-for-may-2023\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/lpl-financial-reports-monthly-activity-for-may-2023\/","name":"LPL Financial Reports Monthly Activity For May 2023 - 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