Leaders of LPL Financial's largest affiliated firms say the departure of CEO Mark Casady provides a smooth transition to a successor, Dan Arnold.

"I see good things going on," says John Hyland, managing director of LPL's largest office of supervisory jurisdiction, Private Advisor Group, with 620 advisers in Morristown, New Jersey. "Dan's got a great strategic mind and is great at execution. That's not to say that Mark isn't. It's just that sometimes you've got to hit the refresh button."

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