A lot of people argue that a cloud provider has more expertise in a given domain than a customer for whom IT isn't a core competency. I reject this argument. What we have here is the classic principal-agent problem in economics. Your data is (or should be) sacred to you. LastPass's regard for your data is only proportional to the profit they think they can extract from you. Beyond that, they only answer to Citrix's shareholders. (Citrix, or Shitrix as I call them, is ultimately the parent company.)
I swim against the prevailing current in believing that the cloud should only serve as a backup, never as the primary solution.