LPL Financial (LPLA) Reports August Total Brokerage and Advisory Assets of $502B

September 13, 2016 4:09 PM EDT

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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 August 2016.

Total brokerage and advisory assets served at the end of August were approximately $502 billion, a 0.4 percent increase compared to the end of July 2016. Total client cash sweep balances at the end of August were $29.1 billion, a 0.7 percent increase compared to July 2016.

(End of Period $ in billions, unless noted) August July %
2016 2016 Change
Assets Served
Brokerage Assets 298.4 298.4 0.0%
Advisory Assets 204.0 202.0 1.0%
Total Brokerage and Advisory Assets 502.4 500.4 0.4%
Insured Cash Account Balances 21.1 20.9 1.0%
Deposit Cash Account Balances 4.2 4.2 0.0%
Money Market Account Cash Balances 3.8 3.8 0.0%
Total Cash Sweep Balances 29.1 28.9 0.7%
Market Indices
S&P 500 (end of period) 2,171 2,174 -0.1%
Fed Funds Effective Rate (average bps) 40 39 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

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