LPL Financial Reports Monthly Activity For February 2016 -

LPL Financial Reports Monthly Activity For February 2016

Mar 17, 2016Jeremy ParkinsonFinance0

SAN DIEGO, March 17, 2016 (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 February 2016.

Total brokerage and advisory assets served at the end of February were $460 billion, a 0.2 percent increase from January 2016. Total client cash sweep balances at the end of February were $31.2 billion, a 0.6 percent increase compared to January 2016.

(End of Period $ in billions, unless noted) February
2016 January
2016 Jan. to Feb.
% Change December
2015 Assets Served Brokerage Assets 279.2 278.3 0.3 % 288.4 Advisory Assets 180.5 180.4 0.1 % 187.2 Total Brokerage and Advisory Assets 459.7 458.7 0.2 % 475.6 Insured Cash Account Balances 22.1 21.9 0.9 % 20.9 Money Market Account Cash Balances 9.1 9.1 0 % 8.1 Total Client Cash Sweep Balances 31.2 31.0 0.6 % 29.0 Market Indices S&P 500 Index (end of period) 1,932 1,940 -0.4 % 2,044 Fed Funds Effective Rate (average bps) 38 35 N.M. 24

For additional information regarding these and other LPL Financial business metrics, please refer to the Company’s most recent financial supplement, which is available in the Events and Presentations section of investor.lpl.com.