Highlights
- In 2023, Dan Arnold earned a peak compensation of $16.9 million as LPL Financial’s CEO, with his salary showing consistent growth over the years (23% increase from 2022).
- His estimated net worth is between $50-70 million, accumulated through his extensive career in financial services, including leadership roles at LPL Financial and UVEST Financial Services.
- Arnold’s recent termination in 2024 for workplace conduct violations resulted in the forfeiture of his severance benefits and equity awards, impacting his financial standing at LPL Financial, where he had served since 2007 and led the company to manage approximately $1.5 trillion in assets.
Dan Arnold, the recently terminated CEO of LPL Financial Holdings Inc., has accumulated substantial wealth throughout his extensive career in the financial services industry.
While his exact net worth isn’t publicly disclosed, an analysis of his earnings and compensation patterns reveals significant financial success over the years.
Arnold’s wealth saw remarkable growth during his tenure at LPL Financial.
In his final full year as CEO, 2023, he earned an impressive total compensation package of $16.9 million, marking a substantial 23% increase from the previous year.
This package included a base salary of approximately $946,000 and significant stock awards totaling $11.9 million.
His compensation had shown consistent growth, with earnings of $13.75 million in 2022 and $12.9 million in 2021, demonstrating a strong upward trajectory in his financial success.
His journey at LPL Financial began in 2007 as Managing Director, and he steadily climbed the corporate ladder.
Arnold’s progression through various high-ranking positions, including Chief Financial Officer from 2012 to 2015 and President in 2015, culminated in his appointment as CEO in January 2017.
Before joining LPL, he served as President and COO of UVEST Financial Services for nearly eleven years, building his expertise and financial foundation.
Under Arnold’s leadership, LPL Financial flourished to become the nation’s largest independent broker-dealer based on total revenues.
The firm expanded its reach to serve more than 23,000 financial advisers and managed approximately $1.5 trillion in assets, contributing significantly to Arnold’s personal wealth accumulation through performance-based compensation and stock awards.
However, Arnold’s financial landscape faced a significant shift in 2024 when he was terminated for violating workplace conduct policies.
This development led to the forfeiture of his severance benefits and outstanding equity awards, both vested and unvested, as stipulated in company filings.
Despite this setback, his accumulated wealth from years of high compensation and strategic financial positions remains substantial.
Taking into account his historical earnings, accumulated stock compensations, and various leadership positions, along with potential investments and assets, Dan Arnold’s estimated net worth is believed to be in the range of $50-70 million.
This estimate considers both his impressive earning history and the recent financial implications of his termination.
While his departure from LPL Financial may have impacted his immediate financial outlook, Arnold’s career achievements and financial acumen have secured him a place among the wealthy executives in the financial services industry.
