The move leaves big shoes to fill for Dan Arnold
, who will replace Mr. Moore.
, 50, has a long history with LPL Financial
, but he
may not be as well known to advisers.
He has served as chief financial officer since June 2012, although he had served in a number of other roles, including head of strategy.
He joined the firm in 2007 following LPL's acquisition of UVEST Financial Services Group Inc., where he had been president and chief operating officer.
"I don't know him," Mr. Armstrong said when asked about Mr. Arnold
"To be fair, LPL's financial execution has been mixed under both Mr. Moore and Mr. Arnold
," Mr. Katz noted.