There was a slight disruption in The Force on Monday when LPL announced that Burt White, its chief investment officer, managing director of Investor and Investment Solutions and leader Jedi Knight, would be retiring in March 2022.
LPL will, in the meantime, seek its possible replacement.
In a prepared statement, LPL President and CEO Dan Arnold said White will remain with the company until March to ensure a smooth transition, adding that the company was “grateful for the continued leadership of Burt for the past 14 years and wishes him the best in his future endeavors.
Since 2017, White has been a leading figure in a kind of renaissance in rebuilding the LPL technology stack and has been closely associated with numerous deployments of his ClientWorks platform over the past few years.
A white in a blazer posed in a memorable way in front of a fake Star wars X-wing fighter at LPL’s annual Focus virtual conference in 2020.
“LPL was more than a place to work. It has been the inspiration for my professional journey, a big part of who I have become and a place where I have been privileged to work with some of the most talented people in the industry, ”White said in the release. .
In a video posted to Twitter, White explained the reasoning behind his decision. “After a blessed career that spanned three decades, now is the time for me to refocus my passion, my energy and my heart,” he said.
Prior to joining LPL, White spent a decade at Wachovia Securities as Managing Director and Director of Research.