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New LPL CEO Dan Arnold thrills Wall Street in debut by laying out vanilla vision

Deflecting talk of RIA strategies and alliances with giants aside, Mark Casady's successor says LPL Financial's recruiting machine is poised to crank in DOL turmoil cast-offs

Author Janice Kirkel February 10, 2017 at 7:55 PM
Admin:
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Dan Arnold: Let me expand on our first priority: growing our core business.

Stephen Winks

Stephen Winks

February 12, 2017 — 2:28 PM
Scale is important but technical competency is essential. Fiduciary duty is all about how one does business. Can b/ds treat trade execution as a cost center to be minimized? Can they advance a prudent process that holds brokers accountable for every recommendation they have ever made? Can they advance a more modern approach to portfolio construction that makes continuous, comprehensive counsel possible as required for fiduciary duty and professional standing? If Arnold directly addresses these issues scale is indeed important. Yet market share is determined by the advisors value proposition. SCW

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Mentioned in this article:

Fidelity
Asset Custodian
Top Executive: Sanjiv Mirchandani

LPL Financial
RIA-Friendly Broker-Dealer, RIA Welcoming Breakaways, Advisory Firm
Top Executive: Dan Arnold

Nexus Strategy
Consulting Firm
Top Executive: Timothy D. Welsh

Advisor Growth Strategies, LLC
Consulting Firm
Top Executive: John Furey

Diamond Consultants
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Top Executive: Mindy Diamond



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