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Lucia Securities

luciasecurities.com

Founded Year

2001

Stage

Asset Sale | AssetsPurchased

About Lucia Securities

Lucia Securities is a San Diego based broker-dealer supporting independent financial advisors and financial planning.

Headquarters Location

13520 Evening Creek Drive Suite 300

San Diego, California, 92128,

United States

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Latest Lucia Securities News

LPL Financial : Q1 2022 Historical Information-XLXS

Apr 28, 2022

04/28/2022 | 05:48pm EDT Message : For the quarter ending March 31, 2022 ( $ in thousands, unless noted) 226,924 8,696 691,559 (22,600) - 0 173,379 $ 1.95 *Notice to Investors: Non-GAAP Financial Measures EPS prior to amortization of intangible assets and acquisition costs, adjusted net income, gross profit, core G&A and EBITDA are non-GAAP financial measures. Management believes that presenting certain non-GAAP financial measures by excluding or including certain items can be helpful to investors and analysts who may wish to use this information to analyze the Company's current performance, prospects and valuation. Management uses this non-GAAP information internally to evaluate operating performance and in formulating the budget for future periods. Management believes that the non-GAAP financial measures and metrics discussed herein are appropriate for evaluating the performance of the Company. Gross profit is calculated as total revenue less advisory and commission expense and brokerage, clearing and exchange expense. All other expense categories, including depreciation and amortization of property and equipment and amortization of other intangibles, are considered general and administrative in nature. Because the Company's gross profit amounts do not include any depreciation and amortization expense, the Company considers gross profit to be a non-GAAP financial measure that may not be comparable to similar measures used by others in its industry. Management believes that gross profit can provide investors with useful insight into the Company's core operating performance before indirect costs that are general and administrative in nature. For a calculation of gross profit, please see below. EPS prior to amortization of intangible assets and acquisition costs is defined as adjusted net income, a non-GAAP measure defined as net income plus the after-tax impact of amortization of other intangibles and acquisition costs, divided by the weighted average number of diluted shares outstanding for the applicable period. The Company presents adjusted net income and EPS prior to amortization of intangible assets and acquisition costs because management believes that these metrics can provide investors with useful insight into the Company's core operating performance by excluding non-cash items and acquisition costs that management does not believe impact the Company's ongoing operations. Adjusted net income and EPS prior to amortization of intangible assets and acquisition costs are not measures of the Company's financial performance under GAAP and should not be considered as an alternative to net income, earnings per diluted share or any other performance measure derived in accordance with GAAP. For a reconciliation of net income and earnings per diluted share to adjusted net income and EPS prior to amortization of intangible assets and acquisition costs, please see below. Core G&A consists of total expense less the following expenses: advisory and commission; depreciation and amortization; amortization of other intangibles; brokerage, clearing and exchange; interest expense on borrowings; loss on extinguishment of debt; promotional; acquisition costs; employee share-based compensation; and regulatory charges. Management presents core G&A because it believes core G&A reflects the corporate expense categories over which management can generally exercise a measure of control, compared with expense items over which management either cannot exercise control, such as advisory and commission, or which management views as promotional expense necessary to support advisor growth and retention, including conferences and transition assistance. Core G&A is not a measure of the Company's total expense as calculated in accordance with GAAP. For a reconciliation of core G&A to the Company's total expense, please see below. The Company does not provide an outlook for its total expense because it contains expense components, such as advisory and commission, that are market-driven and over which the Company cannot exercise control. Accordingly, a reconciliation of the Company's outlook for core G&A to an outlook for total expense cannot be made available without unreasonable effort. EBITDA is defined as net income plus interest expense on borrowings, provision for income taxes, depreciation and amortization, and amortization of other intangibles. The Company presents EBITDA because management believes that it can be a useful financial metric in understanding the Company's earnings from operations. EBITDA is not a measure of the Company's financial performance under GAAP and should not be considered as an alternative to net income or any other performance measure derived in accordance with GAAP. For a reconciliation of EBITDA to net income, please see the prior page. $ in millions 23 32 32 $9 - 0 $134 $159 Quarterly Activity Report As of March 31, 2022 (End of Period $ in billions, unless noted) Q1 2022 1,163.1 Organic Net New Advisory Assets 17.4 0.2 17.6 2.9 10.6 6.8 17.4 3.3 18.2 4,530 2,070 12 123 Note: The Company's Q3 2021 assets included $71.0 billion of total brokerage and advisory assets from Waddell & Reed, LLC ("Waddell & Reed"), of which $35.1 billion was brokerage assets and $35.8 billion was advisory assets. The Company's Q3 2021 assets also included $4.5 billion of brokerage assets from M&T Bank. The Company's Q2 2021 assets included $70.0 billion of total brokerage and advisory assets from Waddell & Reed, of which $35.7 billion was brokerage assets and $34.3 billion was advisory assets. The Company's Q2 2021 assets also included $15.6 billion of total brokerage and advisory assets from M&T Bank, of which $12.4 billion was brokerage assets and $3.1 billion was advisory assets. The Company's Q2 2021 assets also included $3.1 billion of brokerage assets from BMO Harris Financial Advisors ("BMO"). The Company's Q1 2021 assets included $11.8 billion of total brokerage and advisory assets from BMO, of which $6.8 billion was brokerage assets and $5.0 billion was advisory assets. (1) Consists of total advisory assets under custody at the Company's broker-dealer subsidiary, LPL Financial LLC ("LPL Financial"), and Waddell & Reed. Assets for Q4 2020 also included advisory assets related to the onboarding of E.K. Riley Investments, LLC ("E.K. Riley") and Lucia Securities, LLC ("Lucia"). (2) Assets for Q4 2020 include brokerage assets related to the onboarding of E.K. Riley and Lucia. (3) Represents those advisory assets in LPL Financial's Model Wealth Portfolios, Optimum Market Portfolios, Personal Wealth Portfolios and Guided Wealth Portfolios platforms. (4) Consists of Advisory Asset Inflows minus Outflows, plus Advisory Dividends, plus Interest, minus Advisory Fees. (5) Consists of Brokerage Asset Inflows minus Outflows, plus Brokerage Dividends, plus Interest. (6) Consists of net new assets excluding assets acquired from Waddell & Reed, Lucia and E.K. Riley. Acquired assets include $2.3 billion and $68.9 billion of net new assets from Waddell & Reed in Q3 2021 and Q2 2021 respectively, $2.5 billion of net new assets from E.K. Riley in Q4 2020, and $1.5 billion of net new assets from Lucia in Q4 2020. (7) Consists of existing custodied accounts that converted from brokerage to advisory, less existing custodied assets that converted from advisory to brokerage. (8) Consists of total client deposits into Centrally Managed Assets accounts less total client withdrawals from Centrally Managed Assets accounts plus dividends, plus interest, minus advisory fees. (9) Represents the amount of securities purchased less the amount of securities sold in client accounts custodied with LPL Financial. Reported activity does not include any other cash activity, such as deposits, withdrawals, dividends received or fees paid. Monthly Activity Report 7 Note: The Company's September 2021, June 2021, and April 2021 assets included $2.3 billion, $1.8 billion, and $67.1 billion of total brokerage and advisory assets from Waddell & Reed, LLC ("Waddell & Reed"), respectively. The Company's September 2021, August 2021, July 2021, and June 2021 assets included $0.2 billion, $1.3 billion, $3.0 billion, and $15.6 billion of total brokerage and advisory assets from M&T Bank, respectively. The Company's June 2021, May 2021, April 2021 and March 2021 assets included $0.7 billion, $0.3 billion, $2.1 billion and $11.8 billion of total brokerage and advisory assets from BMO Harris Financial Advisors ("BMO"), respectively. (1) Consists of total advisory assets under custody at the Company's broker-dealer subsidiary, LPL Financial LLC ("LPL Financial"), and Waddell & Reed. September 2021, June 2021, and April 2021 assets included $0.6 billion, $0.9 billion, and $32.6 billion of advisory assets from Waddell & Reed, respectively. June 2021 assets included $3.1 billion of advisory assets from M&T Bank. March 2021 assets included $5.0 billion of advisory assets from BMO. (2) Consists of total brokerage assets under custody at the Company's broker-dealer subsidiary, LPL Financial, and Waddell & Reed. September 2021, June 2021, and April 2021 assets included $1.7 billion, $0.9 billion, and $34.5 billion of brokerage assets from Waddell & Reed, respectively. September 2021, August 2021, July 2021, and June 2021 assets included $0.2 billion, $1.3 billion, $3.0 billion, and $12.4 billion of brokerage assets from M&T Bank, respectively. June 2021, May 2021, April 2021, and March 2021 assets included $0.7 billion, $0.3 billion, $2.1 billion, and $6.8 billion of brokerage assets from BMO, respectively. (3) Consists of Advisory Asset Inflows minus Outflows, plus Advisory Dividends, plus Interest, minus Advisory Fees. (4) Consists of Brokerage Asset Inflows minus Outflows, plus Brokerage Dividends, plus Interest. (5) Consists of net new assets excluding the acquisition of Waddell & Reed. Acquired assets include $2.3 billion, $1.8 billion and $67.1 billion of net new assets from Waddell & Reed in September 2021, June 2021, and April 2021, respectively. (6) Consists of existing custodied assets that converted from brokerage to advisory, less existing custodied assets that converted from advisory to brokerage. (7) In April 2021, total client cash balances included $1.1 billion of Money Market Account cash balances from Waddell & Reed. (8) Represents the amount of securities purchased less the amount of securities sold in client accounts custodied with LPL Financial. Reported activity does not include any other cash activity, such as deposits, withdrawals, dividends received or fees paid. Roll-Forward Q3 - Monthly Activity Note: The Company's September 2021, August 2021, July 2021, June 2021, May 2021, and April 2021 assets included $71.0 billion, $72.3 billion, $69.5 billion, $70.0 billion, $67.1 billion, and $67.1 billion of total brokerage and advisory assets from Waddell & Reed, LLC ("Waddell & Reed"), respectively. The Company's September 2021, August 2021, July 2021, and June 2021 assets included $0.2 billion, $1.3 billion, $3.0 billion, and $15.6 billion of total brokerage and advisory assets from M&T Bank, respectively. The Company's June 2021, May 2021, April 2021 and March 2021 assets included $0.7 billion, $0.3 billion, $2.1 billion and $11.8 billion of total brokerage and advisory assets from BMO Harris Financial Advisors ("BMO"), respectively. (1) Consists of total advisory assets under custody at the Company's broker-dealer subsidiaries, LPL Financial LLC ("LPL Financial") and Waddell & Reed. September 2021, June 2021, and April 2021 assets included $0.6 billion, $0.9 billion, and $32.6 billion of advisory assets from Waddell & Reed, respectively. June 2021 assets included $3.1 billion of advisory assets from M&T Bank, respectively. March 2021 assets included $5.0 billion of advisory assets from BMO, respectively. November 2020 also included advisory assets from E.K. Riley Investments, LLC ("E.K. Riley"). October 2020 also included advisory assets from Lucia Securities, LLC ("Lucia"). (2) Consists of total brokerage assets under custody at the Company's broker-dealer subsidiaries, LPL Financial and Waddell & Reed. September 2021, June 2021, and April 2021 assets included $1.7 billion, $0.9 billion, and $34.5 billion of brokerage assets from Waddell & Reed, respectively. September 2021, August 2021, July 2021, and June 2021 assets included $0.2 billion, $1.3 billion, $3.0 billion, and $12.4 billion of brokerage assets from M&T Bank, respectively. June 2021, May 2021, April 2021, and March 2021 assets included $0.7 billion, $0.3 billion, $2.1 billion, and $6.8 billion of brokerage assets from BMO, respectively. November 2020 also included brokerage assets from E.K. Riley. October 2020 also included brokerage assets from Lucia. (3) Consists of Advisory Asset Inflows minus Outflows, plus Advisory Dividends, plus Interest, minus Advisory Fees. (4) Consists of Brokerage Asset Inflows minus Outflows, plus Brokerage Dividends, plus Interest. (5) Consists of net new assets excluding the acquisitions of Waddell & Reed, Lucia and E.K. Riley. Acquired assets include $2.3 billion, $1.8 billion and $67.1 billion of net new assets from Waddell & Reed in September 2021, June 2021, and April 2021 respectively, $2.5 billion of net new assets from E.K. Riley in November 2020, and $1.5 billion of net new assets from Lucia in October 2020. (6) Consists of existing custodied assets that converted from brokerage to advisory, less existing custodied assets that converted from advisory to brokerage. (7) In April 2021, total client cash balances included $1.1 billion of Money Market Account cash balances from Waddell & Reed. (8) Represents the amount of securities purchased less the amount of securities sold in client accounts custodied with LPL Financial. Reported activity does not include any other cash activity, such as deposits, withdrawals, dividends received or fees paid. Q4 - Monthly Activity - Redline Note: The Company's September 2021, August 2021, July 2021, June 2021, May 2021, and April 2021 assets included $71.0 billion, $72.3 billion, $69.5 billion, $70.0 billion, $67.1 billion, and $67.1 billion of total brokerage and advisory assets from Waddell & Reed, LLC ("Waddell & Reed"), respectively. The Company's September 2021, August 2021, July 2021, and June 2021 assets included $0.2 billion, $1.3 billion, $3.0 billion, and $15.6 billion of total brokerage and advisory assets from M&T Bank, respectively. The Company's June 2021, May 2021, April 2021 and March 2021 assets included $0.7 billion, $0.3 billion, $2.1 billion and $11.8 billion of total brokerage and advisory assets from BMO Harris Financial Advisors ("BMO"), respectively. (1) Consists of total advisory assets under custody at the Company's broker-dealer subsidiaries, LPL Financial LLC ("LPL Financial") and Waddell & Reed. September 2021, June 2021, and April 2021 assets included $0.6 billion, $0.9 billion, and $32.6 billion of advisory assets from Waddell & Reed, respectively. June 2021 assets included $3.1 billion of advisory assets from M&T Bank, respectively. March 2021 assets included $5.0 billion of advisory assets from BMO, respectively. November 2020 also included advisory assets from E.K. Riley Investments, LLC ("E.K. Riley"). October 2020 also included advisory assets from Lucia Securities, LLC ("Lucia"). (2) Consists of total brokerage assets under custody at the Company's broker-dealer subsidiaries, LPL Financial and Waddell & Reed. September 2021, June 2021, and April 2021 assets included $1.7 billion, $0.9 billion, and $34.5 billion of brokerage assets from Waddell & Reed, respectively. September 2021, August 2021, July 2021, and June 2021 assets included $0.2 billion, $1.3 billion, $3.0 billion, and $12.4 billion of brokerage assets from M&T Bank, respectively. June 2021, May 2021, April 2021, and March 2021 assets included $0.7 billion, $0.3 billion, $2.1 billion, and $6.8 billion of brokerage assets from BMO, respectively. November 2020 also included brokerage assets from E.K. Riley. October 2020 also included brokerage assets from Lucia. (3) Consists of Advisory Asset Inflows minus Outflows, plus Advisory Dividends, plus Interest, minus Advisory Fees. (4) Consists of Brokerage Asset Inflows minus Outflows, plus Brokerage Dividends, plus Interest. (5) Consists of net new assets excluding the acquisitions of Waddell & Reed, Lucia and E.K. Riley. Acquired assets include $2.3 billion, $1.8 billion and $67.1 billion of net new assets from Waddell & Reed in September 2021, June 2021, and April 2021 respectively, $2.5 billion of net new assets from E.K. Riley in November 2020, and $1.5 billion of net new assets from Lucia in October 2020. (6) Consists of existing custodied assets that converted from brokerage to advisory, less existing custodied assets that converted from advisory to brokerage. (7) In April 2021, total client cash balances included $1.1 billion of Money Market Account cash balances from Waddell & Reed. (8) Represents the amount of securities purchased less the amount of securities sold in client accounts custodied with LPL Financial. Reported activity does not include any other cash activity, such as deposits, withdrawals, dividends received or fees paid. Q4 - Monthly Activity - Edited Note: The Company's September 2021, August 2021, July 2021, June 2021, May 2021, and April 2021 assets included $71.0 billion, $72.3 billion, $69.5 billion, $70.0 billion, $67.1 billion, and $67.1 billion of total brokerage and advisory assets from Waddell & Reed, LLC ("Waddell & Reed"), respectively. The Company's September 2021, August 2021, July 2021, and June 2021 assets included $0.2 billion, $1.3 billion, $3.0 billion, and $15.6 billion of total brokerage and advisory assets from M&T Bank, respectively. The Company's June 2021, May 2021, April 2021 and March 2021 assets included $0.7 billion, $0.3 billion, $2.1 billion and $11.8 billion of total brokerage and advisory assets from BMO Harris Financial Advisors ("BMO"), respectively. (1) Consists of total advisory assets under custody at the Company's broker-dealer subsidiaries, LPL Financial LLC ("LPL Financial") and Waddell & Reed. September 2021, June 2021, and April 2021 assets included $0.6 billion, $0.9 billion, and $32.6 billion of advisory assets from Waddell & Reed, respectively. June 2021 assets included $3.1 billion of advisory assets from M&T Bank, respectively. March 2021 assets included $5.0 billion of advisory assets from BMO, respectively. (2) Consists of total brokerage assets under custody at the Company's broker-dealer subsidiaries, LPL Financial and Waddell & Reed. September 2021, June 2021, and April 2021 assets included $1.7 billion, $0.9 billion, and $34.5 billion of brokerage assets from Waddell & Reed, respectively. September 2021, August 2021, July 2021, and June 2021 assets included $0.2 billion, $1.3 billion, $3.0 billion, and $12.4 billion of brokerage assets from M&T Bank, respectively. June 2021, May 2021, April 2021, and March 2021 assets included $0.7 billion, $0.3 billion, $2.1 billion, and $6.8 billion of brokerage assets from BMO, respectively. (3) Consists of Advisory Asset Inflows minus Outflows, plus Advisory Dividends, plus Interest, minus Advisory Fees. (4) Consists of Brokerage Asset Inflows minus Outflows, plus Brokerage Dividends, plus Interest. (5) Consists of net new assets excluding the acquisitions of Waddell & Reed. Acquired assets include $2.3 billion, $1.8 billion and $67.1 billion of net new assets from Waddell & Reed in September 2021, June 2021, and April 2021, respectively. (6) Consists of existing custodied assets that converted from brokerage to advisory, less existing custodied assets that converted from advisory to brokerage. (7) In April 2021, total client cash balances included $1.1 billion of Money Market Account cash balances from Waddell & Reed. (8) Represents the amount of securities purchased less the amount of securities sold in client accounts custodied with LPL Financial. Reported activity does not include any other cash activity, such as deposits, withdrawals, dividends received or fees paid. Quarterly Activity Q3 - Quarterly Activity Note: The Company's Q3 2021 assets included $71.0 billion of total brokerage and advisory assets from Waddell & Reed, LLC ("Waddell & Reed"), of which $35.1 billion was brokerage assets and $35.8 billion was advisory assets. The Company's Q3 2021 assets also included $4.5 billion of brokerage assets from M&T Bank. The Company's Q2 2021 assets included $70.0 billion of total brokerage and advisory assets from Waddell & Reed, of which $35.7 billion was brokerage assets and $34.3 billion was advisory assets. The Company's Q2 2021 assets also included $15.6 billion of total brokerage and advisory assets from M&T Bank, of which $12.4 billion was brokerage assets and $3.1 billion was advisory assets. The Company's Q2 2021 assets also included $3.1 billion of brokerage assets from BMO Harris Financial Advisors ("BMO"). The Company's Q1 2021 assets included $11.8 billion of total brokerage and advisory assets from BMO, of which $6.8 billion was brokerage assets and $5.0 billion was advisory assets. (1) Consists of total advisory assets under custody at the Company's broker-dealer subsidiaries, LPL Financial LLC ("LPL Financial") and Waddell & Reed. Assets for Q4 2020 also included advisory assets related to the onboarding of E.K. Riley Investments, LLC ("E.K. Riley") and Lucia Securities, LLC ("Lucia"). (2) Consists of brokerage assets serviced by advisors licensed with LPL Financial and Waddell & Reed. Assets for Q4 2020 also included brokerage assets related to the onboarding of E.K. Riley and Lucia. (3) Represents those advisory assets in LPL Financial's Model Wealth Portfolios, Optimum Market Portfolios, Personal Wealth Portfolios and Guided Wealth Portfolios platforms. (4) Consists of Advisory Asset Inflows minus Outflows, plus Advisory Dividends, plus Interest, minus Advisory Fees. (5) Consists of Brokerage Asset Inflows minus Outflows, plus Brokerage Dividends, plus Interest. (6) Consists of net new assets excluding assets acquired from of Waddell & Reed, Lucia and E.K. Riley. Acquired assets include $2.3 billion and $68.9 billion of net new assets from Waddell & Reed in Q3 2021 and Q2 2021 respectively, $2.5 billion of net new assets from E.K. Riley in Q4 2020, $1.5 billion of net new assets from Lucia in Q4 2020, and $2.9 billion of net new assets from Allen & Company of Florida, LLC in Q3 2019. (7) Consists of existing custodied accounts that converted from brokerage to advisory, less existing custodied assets that converted from advisory to brokerage. (8) Consists of total client deposits into Centrally Managed Assets accounts less total client withdrawals from Centrally Managed Assets accounts plus dividends, plus interest, minus advisory fees. (9) Represents the amount of securities purchased less the amount of securities sold in client accounts custodied with LPL Financial. Reported activity does not include any other cash activity, such as deposits, withdrawals, dividends received or fees paid. Q4 - Quarterly Activity - Redline Note: The Company's Q3 2021 assets included $71.0 billion of total brokerage and advisory assets from Waddell & Reed, LLC ("Waddell & Reed"), of which $35.1 billion was brokerage assets and $35.8 billion was advisory assets. The Company's Q3 2021 assets also included $4.5 billion of brokerage assets from M&T Bank. The Company's Q2 2021 assets included $70.0 billion of total brokerage and advisory assets from Waddell & Reed, of which $35.7 billion was brokerage assets and $34.3 billion was advisory assets. The Company's Q2 2021 assets also included $15.6 billion of total brokerage and advisory assets from M&T Bank, of which $12.4 billion was brokerage assets and $3.1 billion was advisory assets. The Company's Q2 2021 assets also included $3.1 billion of brokerage assets from BMO Harris Financial Advisors ("BMO"). The Company's Q1 2021 assets included $11.8 billion of total brokerage and advisory assets from BMO, of which $6.8 billion was brokerage assets and $5.0 billion was advisory assets. (1) Consists of total advisory assets under custody at the Company's broker-dealer subsidiaries, LPL Financial LLC ("LPL Financial") and Waddell & Reed. Assets for Q4 2020 also included advisory assets related to the onboarding of E.K. Riley Investments, LLC ("E.K. Riley") and Lucia Securities, LLC ("Lucia"). (2) Consists of brokerage assets serviced by advisors licensed with LPL Financial and Waddell & Reed. Assets for Q4 2020 also included brokerage assets related to the onboarding of E.K. Riley and Lucia. (3) Represents those advisory assets in LPL Financial's Model Wealth Portfolios, Optimum Market Portfolios, Personal Wealth Portfolios and Guided Wealth Portfolios platforms. (4) Consists of Advisory Asset Inflows minus Outflows, plus Advisory Dividends, plus Interest, minus Advisory Fees. (5) Consists of Brokerage Asset Inflows minus Outflows, plus Brokerage Dividends, plus Interest. (6) Consists of net new assets excluding assets acquired from of Waddell & Reed, Lucia and E.K. Riley. Acquired assets include $2.3 billion and $68.9 billion of net new assets from Waddell & Reed in Q3 2021 and Q2 2021 respectively, $2.5 billion of net new assets from E.K. Riley in Q4 2020, $1.5 billion of net new assets from Lucia in Q4 2020, and $2.9 billion of net new assets from Allen & Company of Florida, LLC in Q3 2019. (7) Consists of existing custodied accounts that converted from brokerage to advisory, less existing custodied assets that converted from advisory to brokerage. (8) Consists of total client deposits into Centrally Managed Assets accounts less total client withdrawals from Centrally Managed Assets accounts plus dividends, plus interest, minus advisory fees. (9) Represents the amount of securities purchased less the amount of securities sold in client accounts custodied with LPL Financial. Reported activity does not include any other cash activity, such as deposits, withdrawals, dividends received or fees paid. Q4 - Quarterly Activity - Edited Note: The Company's Q3 2021 assets included $71.0 billion of total brokerage and advisory assets from Waddell & Reed, LLC ("Waddell & Reed"), of which $35.1 billion was brokerage assets and $35.8 billion was advisory assets. The Company's Q3 2021 assets also included $4.5 billion of brokerage assets from M&T Bank. The Company's Q2 2021 assets included $70.0 billion of total brokerage and advisory assets from Waddell & Reed, of which $35.7 billion was brokerage assets and $34.3 billion was advisory assets. The Company's Q2 2021 assets also included $15.6 billion of total brokerage and advisory assets from M&T Bank, of which $12.4 billion was brokerage assets and $3.1 billion was advisory assets. The Company's Q2 2021 assets also included $3.1 billion of brokerage assets from BMO Harris Financial Advisors ("BMO"). The Company's Q1 2021 assets included $11.8 billion of total brokerage and advisory assets from BMO, of which $6.8 billion was brokerage assets and $5.0 billion was advisory assets. (1) Consists of total advisory assets under custody at the Company's broker-dealer subsidiaries, LPL Financial LLC ("LPL Financial") and Waddell & Reed. Assets for Q4 2020 also included advisory assets related to the onboarding of E.K. Riley Investments, LLC ("E.K. Riley") and Lucia Securities, LLC ("Lucia"). (2) Consists of brokerage assets serviced by advisors licensed with LPL Financial and Waddell & Reed. Assets for Q4 2020 also included brokerage assets related to the onboarding of E.K. Riley and Lucia. (3) Represents those advisory assets in LPL Financial's Model Wealth Portfolios, Optimum Market Portfolios, Personal Wealth Portfolios and Guided Wealth Portfolios platforms. (4) Consists of Advisory Asset Inflows minus Outflows, plus Advisory Dividends, plus Interest, minus Advisory Fees. (5) Consists of Brokerage Asset Inflows minus Outflows, plus Brokerage Dividends, plus Interest. (6) Consists of net new assets excluding assets acquired from of Waddell & Reed, Lucia and E.K. Riley. Acquired assets include $2.3 billion and $68.9 billion of net new assets from Waddell & Reed in Q3 2021 and Q2 2021 respectively, $2.5 billion of net new assets from E.K. Riley in Q4 2020, and $1.5 billion of net new assets from Lucia in Q4 2020. (7) Consists of existing custodied accounts that converted from brokerage to advisory, less existing custodied assets that converted from advisory to brokerage. (8) Consists of total client deposits into Centrally Managed Assets accounts less total client withdrawals from Centrally Managed Assets accounts plus dividends, plus interest, minus advisory fees. (9) Represents the amount of securities purchased less the amount of securities sold in client accounts custodied with LPL Financial. Reported activity does not include any other cash activity, such as deposits, withdrawals, dividends received or fees paid. Attachments

Lucia Securities Frequently Asked Questions (FAQ)

  • When was Lucia Securities founded?

    Lucia Securities was founded in 2001.

  • Where is Lucia Securities's headquarters?

    Lucia Securities's headquarters is located at 13520 Evening Creek Drive, San Diego.

  • What is Lucia Securities's latest funding round?

    Lucia Securities's latest funding round is Asset Sale.

  • Who are the investors of Lucia Securities?

    Investors of Lucia Securities include LPL Financial.

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