Another senior management move at LPL

As part of its ongoing management realignment, LPL Financial LLC on Tuesday said Dan Arnold will become its new chief financial officer. Mr. Arnold replaces Robert Moore, who was promoted to president and chief operating officer at the start of May. Mr. Arnold is currently head of strategy and managing director at LPL Financial. His move to CFO becomes affective on June 15. Mr. Arnold was formerly the president and chief operating officer of specialty broker-dealer Uvest Financial Services Group Inc., which worked with reps in financial institutions such as banks and credit unions. LPL acquired Uvest in 2007. When asked if there were any more changes to come among LPL's senior management, Mr. Moore said: “This is largely it. We vetted external candidates very thoroughly, and Mr. Arnold is an excellent choice and very well deserving of the role.” Joan Khoury, a former Bank of America Corp. executive, was named chief marketing officer of LPL Financial in February. Mr. Arnold, who will be based in San Diego, said that in his new role the “overarching theme is to support the continued solid performance of business.”