Finance
Fired LPL Chief Championed Firm Culture He Later Violated
- Dan Arnold was fired Tuesday for running afoul of conduct code
- With a ‘vanilla vision,’ the CEO oversaw significant growth
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Dan Arnold seemed so perfectly ordinary at the helm of LPL Financial Holdings Inc. that one industry publication complimented him for his “vanilla vision.”
So the abrupt firing this week of the 59-year-old Arnold, who took over as chief executive officer in 2017 and once told the firm’s financial advisers that his mission was about “taking care of you, so you can take care of your clients,” is proving a shock.