GlobeNewswire Inc | Mar 16, 2021 04:05PM EDT

March 16, 2021

SAN DIEGO, March 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 February 2021.

Total advisory and brokerage assets served at the end of February were approximately $925 billion, an increase of 2.0% compared to the end of January 2021.

Total net new assets for February were an inflow of $5.9 billion, translating to a 7.9% annualized growth rate. This includes total net new advisory assets of $6.0 billion, translating to a 15.4% annualized growth rate.

Total client cash balances at the end of February were $48.3 billion, a decrease of $0.5 billion compared to the end of January 2021. Net buying in February was $6.0 billion.

(End ofPeriod $ inbillions, February January Change February Change unlessnoted)

2021 2021 M/M 2020 Y/Y Assets ServedAdvisory 477.4 464.6 2.8 % 355.7 34.2 %AssetsBrokerage 447.7 442.3 1.2 % 380.9 17.5 %AssetsTotalAdvisory and 925.1 907.0 2.0 % 736.6 25.6 %BrokerageAssets

Total NetNew Assets*Net NewAdvisory 6.0 4.2 n/m 4.6 n/m AssetsNet NewBrokerage (0.0 ) (0.6 ) n/m 0.7 n/m AssetsTotal Net 5.9 3.6 n/m 5.3 n/m New Assets NetBrokerage to 1.1 1.0 n/m 0.8 n/m AdvisoryConversions

Client CashBalancesInsured CashAccount 37.3 37.5 (0.5 %) 24.8 50.4 %BalancesDeposit CashAccount 7.9 8.0 (1.3 %) 5.2 51.9 %BalancesTotal BankSweep 45.2 45.5 (0.7 %) 30.0 50.7 %BalancesMoney MarketAccount Cash 1.4 1.4 n/m 1.6 n/m BalancesPurchasedMoney Market 1.7 1.8 n/m 2.6 n/m FundsTotal MoneyMarket 3.1 3.2 (3.1 %) 4.3 (27.9 %)BalancesTotal ClientCash 48.3 48.8 (1.0 %) 34.2 41.2 %Balances Net Buy(Sell) 6.0 4.5 n/m 3.9 n/m Activity Market IndicesS&P 500 (end 3,811 3,714 2.6 % 2,954 29.0 %of period)Fed FundsEffectiveRate 8 9 n/m 158 n/m (averagebps)

* 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 (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 17,000 financial advisors, 800 institution-based investment programs and 450 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to objective 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.

* Top RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report)No. 1 Independent Broker-Dealer in the U.S (Based on total revenues, Financial Planning magazine June 1996-2020)No. 1 provider of third-party brokerage services to banks and credit unions (2019-2020 Kehrer Bielan Research & Consulting Annual TPM Report)

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 ? Lauren Hoyt-Williams, (980) 321-1232investor.lpl.com/contact-us