LPL Financial Holdings Inc. (LPLA): Billionaire Brian Higgins Is Buying This Stock

We just covered Billionaire Brian Higgins’ 10 Stock Picks With Huge Upside Potential and LPL Financial Holdings Inc. (NASDAQ:LPLA) ranks 9th on this list.

LPL Financial Holdings Inc. (NASDAQ:LPLA) is a new addition to the 13F portfolio of King Street Capital. Filings for the fourth quarter of 2025 show that the fund owned 104,000 shares in the company. The firm provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at institutions in the United States. The brokerage offerings include variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and education savings plans, and insurance.

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Elite investors view LPL Financial Holdings Inc. (NASDAQ:LPLA) as an acquisition engine. The company recently integrated Atria Wealth Solutions and is on track to complete the massive Commonwealth Financial Network conversion in late 2026. These acquisitions are expected to add approximately $425 million in run-rate EBITDA. Top hedge funds see the company as the ultimate consolidator in the fragmented independent advisor space, allowing it to scale costs while growing assets. Another driver for institutional interest has been the rebound in client cash balances. LPL reported that client cash balances increased to $61 billion in Q4 2025. The firm achieved a record $2.4 trillion in total client assets at the start of 2026. It also recruited over $104 billion in assets during 2025 alone.

While we acknowledge the risk and potential of LPLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LPLA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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