GlobeNewswire Inc | Feb 16, 2021 04:05PM EST

February 16, 2021

SAN DIEGO, Feb. 16, 2021 (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) (the Company), today released its monthly activity report for January 2021.

Total advisory and brokerage assets served at the end of January were approximately $907 billion, an increase of 0.4% compared to the end of December 2020.

Total net new assets for January were an inflow of $3.6 billion, translating to a 4.8% annualized growth rate. This includes total net new advisory assets of $4.2 billion, translating to a 10.9% annualized growth rate.

Total client cash balances at the end of January were $48.8 billion, a decrease of $0.1 billion compared to the end of December 2020. Net buying in January was $4.5 billion.

(End of Period $ in January December Change January Change billions, unlessnoted) 2021 2020 M/M 2020 Y/Y

Assets Served Advisory Assets 464.6 461.2 0.7% 369.2 25.8% Brokerage Assets 442.3 441.9 0.1% 397.7 11.2% Total Advisory and 907.0 903.1 0.4% 767.0 18.3% Brokerage Assets Total Net New Assets*Net New Advisory 4.2 6.8 n/m 3.8 n/m AssetsNet New Brokerage (0.6) 1.1 n/m (0.3) n/m AssetsTotal Net New Assets 3.6 7.9 n/m 3.5 n/m Net Brokerage to 1.0 1.0 n/m 0.9 n/m Advisory Conversions

Client Cash BalancesInsured Cash Account 37.5 37.3 0.5% 24.4 53.7% BalancesDeposit Cash Account 8.0 8.2 (2.4%) 4.8 66.7% BalancesTotal Bank Sweep 45.5 45.5 0.0% 29.2 55.8% BalancesMoney Market Account 1.4 1.5 n/m 1.7 n/m Cash BalancesPurchased Money 1.8 1.9 n/m 2.5 n/m Market FundsTotal Money Market 3.2 3.3 (3.0%) 4.2 (23.8%) BalancesTotal Client Cash 48.8 48.9 (0.2%) 33.5 45.7% Balances Net Buy (Sell) 4.5 5.6 n/m 4.5 n/m Activity Market Indices S&P 500 (end of 3,714 3,756 (1.1%) 3,226 15.1% period)Fed Funds Effective 9 9 n/m 155 n/m Rate (average bps)

* Total Net New Assets consists of asset inflows minus outflows, plus dividends, plus interest, minus advisory fees.

For additional information regarding these and other LPL Financial business metrics, please refer to the Companys most recent earnings announcement, which is available in the quarterly results section of investor.lpl.com.

About LPL FinancialLPL Financial ( https://www.lpl.com) is a leader in the retail financial advice market, the nations largest independent broker/dealer(+) and a leading custodian (or provider of custodial services) to RIAs. We serve independent financial advisors and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow thriving practices. LPL enables them to provide objective guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions.

+ Based on total revenues, Financial Planning magazine June 1996-2020.

Securities and Advisory Services offered through LPL Financial LLC, a Registered Investment Advisor. Member FINRA/SIPC. We routinely disclose information that may be important to shareholders in the Investor Relations or Press Releases section of our website.

Investor Relations ? Chris Koegel, (617) 897-4574Media Relations ? Jeff Mochal, (704) 733-3589investor.lpl.com/contact-us