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LPL Financial (LPLA) January Metrics Down On Adverse Markets
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LPL Financial Holdings Inc.’s (LPLA - Free Report) total brokerage and advisory assets were $1.16 trillion at the end of January 2022, having declined 4% from the prior month. Of the total assets, brokerage assets were $538.2 billion and advisory assets totaled $619.6 billion.
The decrease in LPLA’s assets balance was mainly due to the unfavorable equity markets’ returns and decline in net new assets balance.
LPL Financial’s total net new assets were $6.1 billion in the reported month. Net new assets were $12.1 billion and $3.6 billion in December 2021 and January 2021, respectively.
Also, LPL Financial reported $58.4 billion of total client cash balance, up 1.9% from December 2021 and 19.7% from January 2021. Of the total balance, $29.6 billion was insured cash and $9.7 billion was deposit cash, while the remaining was money-market balance.
LPL Financial’s recruiting efforts and solid advisor productivity will continue aiding advisory revenues. Also, it is expanding through strategic buyouts on the back of a solid balance sheet position.
Shares of LPL Financial have surged 31% in the past six months, outperforming 1.9% growth recorded by the industry.
A couple of other brokerage firms that have come out with monthly data are Interactive Brokers Group (IBKR - Free Report) and Tradeweb Markets Inc. (TW - Free Report) .
Interactive Brokers’ Electronic Brokerage segment announced performance metrics for January 2022. The segment (that deals with the clearance and settlement of trades for individual and institutional clients globally) reported a surge in client Daily Average Revenue Trades (DARTs) on a sequential basis. However, the metric declined year over year.
IBKR’s total client DARTs were 2,621,000 in January 2022, which grew 18% from December 2021 but declined 20% from January 2021.
Tradeweb Markets reported total trading volume of $22.3 trillion in January 2022. Average daily volumes (“ADV”) were $1.12 trillion, up 7.6% year over year.
In the reported month, fully electronic share for U.S High Yield TRACE set a Tradeweb record of 8.2%. Also, TW set a new ADV record in European government bond trading.
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LPL Financial (LPLA) January Metrics Down On Adverse Markets
LPL Financial Holdings Inc.’s (LPLA - Free Report) total brokerage and advisory assets were $1.16 trillion at the end of January 2022, having declined 4% from the prior month. Of the total assets, brokerage assets were $538.2 billion and advisory assets totaled $619.6 billion.
The decrease in LPLA’s assets balance was mainly due to the unfavorable equity markets’ returns and decline in net new assets balance.
LPL Financial’s total net new assets were $6.1 billion in the reported month. Net new assets were $12.1 billion and $3.6 billion in December 2021 and January 2021, respectively.
Also, LPL Financial reported $58.4 billion of total client cash balance, up 1.9% from December 2021 and 19.7% from January 2021. Of the total balance, $29.6 billion was insured cash and $9.7 billion was deposit cash, while the remaining was money-market balance.
LPL Financial’s recruiting efforts and solid advisor productivity will continue aiding advisory revenues. Also, it is expanding through strategic buyouts on the back of a solid balance sheet position.
Shares of LPL Financial have surged 31% in the past six months, outperforming 1.9% growth recorded by the industry.
Image Source: Zacks Investment Research
The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Competitive Landscape
A couple of other brokerage firms that have come out with monthly data are Interactive Brokers Group (IBKR - Free Report) and Tradeweb Markets Inc. (TW - Free Report) .
Interactive Brokers’ Electronic Brokerage segment announced performance metrics for January 2022. The segment (that deals with the clearance and settlement of trades for individual and institutional clients globally) reported a surge in client Daily Average Revenue Trades (DARTs) on a sequential basis. However, the metric declined year over year.
IBKR’s total client DARTs were 2,621,000 in January 2022, which grew 18% from December 2021 but declined 20% from January 2021.
Tradeweb Markets reported total trading volume of $22.3 trillion in January 2022. Average daily volumes (“ADV”) were $1.12 trillion, up 7.6% year over year.
In the reported month, fully electronic share for U.S High Yield TRACE set a Tradeweb record of 8.2%. Also, TW set a new ADV record in European government bond trading.