Dan Arnold doesn’t share much about his wife; he is more open to discussions about financial topics.
LPL Financial, the largest independent broker-dealer in the U.S., has terminated its President and CEO, Dan H. Arnold, due to workplace behavior issues.
Highlights
- Dan Arnold mentions being a father of three but doesn’t share details about his marriage.
- He doesn’t shy away from the camera and has been seen in photos where he was captured alongside John Brooks and his wife, Cheryle.
- Last year, LPL increased Dan Arnold’s salary by 23%, bringing it to $16.9 million.
The Board of Directors decided after finding that Arnold had made inappropriate comments to employees that went against the company’s code of conduct.
Further, the Board chair emphasized that the company’s Code of Conduct requires all employees to create a respectful and professional workplace and treat everyone with dignity.
Arnold began his career with LPL’s predecessor, Uvest Financial, in 1997.
He became CFO in 2012, president in 2015, and CEO in 2017, succeeding Mark Casady.
Dan Arnold Has Three Kids With His Wife
In his Twitter bio, Dan Arnold,59, mentions being a father of three but doesn’t share any details about his marriage.
He tends to focus on financial topics in interviews and deflects personal questions by sharing his passion for Auburn and his love for baseball.
He is primarily active on Twitter and LinkedIn, where he maintains a professional presence but doesn’t disclose much about his wife or children.
Check out our very own John Brooks who attended the Masters last week! Along with his wife, Cheryle, he was captured with Dan Arnold, President & CEO of LPL Financial. #TheMasters pic.twitter.com/0KOf2osU3Q
— ResourceOneAdvisors (@RS1A_LLC) April 28, 2023
Dan Arnold doesn’t shy away from the camera and has been seen in photos at events like the Masters, where he was captured alongside John Brooks and his wife, Cheryle.
Another instance is when he took a selfie with Slater Wealth Management employees, who described him as a strong leader and a genuinely lovely person.
In 2023, LPL Increased Dan Arnold’s Salary By 23 Percent
With over 25 years of experience in the industry, Dan was the LPL’s president since March 2015.
He oversaw key client-facing operations and led the Advisor and Institution Solutions business during the service.
Before this, he was the company’s chief financial officer, managing financial policies and capital efforts.
@ BLP graduation- fantastic development program for our LPL talent pic.twitter.com/iEKsHIpYYa
— Dan Arnold (@DanHArnold) June 28, 2014
He joined LPL Financial in 2007 as managing director of Institution Services, focusing on growing and supporting bank and credit union clients.
Last year, LPL increased Dan Arnold’s salary by 23%, bringing it to $16.9 million.
However, according to a filing with the Securities and Exchange Commission, he will not receive a severance package and will have to give up some of his equity awards.
As of 2024, Dan Arnold had accumulated a massive net worth of $193 million from LPL earnings.
Additional Information
- Dan Arnold earned his Master of Business Administration (M.B.A.) in Finance from Georgia State University from 1989 to 1991.
- Before that, he completed his Bachelor of Science in Electrical Engineering at Auburn University, where he studied from 1983 to 1988.
