LPL Financial Holdings Inc. (LPLA) Extends Prudential Financial Strategic Partnership

LPL Financial Holdings Inc. (NASDAQ:LPLA) is one of the best growth stocks to buy and hold forever. On September 22, the company announced the extension of its strategic partnership with Prudential Financial Inc.

LPL Financial Holdings Inc. (LPLA) Extends Prudential Financial Strategic Partnership

The two joined forces to bring to market insurance overlay retirement lifetime income strategy for LPL Financials managed accounts platform. The solution is designed to reach financial advisors who don’t rely on protected lifetime income and other insurance-led retirement solutions in wealth management.

The solution is designed to offer multiple prudential individual insurance-based retirement products for consideration by the LPL network of 29,000 financial advisors.

“Retirement strategies are at the heart of our mission, and we’re making them a central focus of our ongoing innovation. By investing deeply in retirement solutions like the Insurance Overlay, LPL is dedicated to helping advisors deliver lasting income security to clients — today and for years to come,” said Cheri Belski, executive vice president and head of LPL Investment Management Solutions.

LPL Financial Holdings Inc. (NASDAQ:LPLA) is the nation’s largest independent broker-dealer, providing financial advisors and their clients with integrated technology, brokerage services, investment advisory services, wealth management, and financial planning. They offer a comprehensive platform of non-proprietary products, compliance support, practice management tools, and customized clearing solutions.

While we acknowledge the potential of LPLA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LPLA and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.