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Chief Executive Officer
HQ Phone:  (617) 897-4574
Direct Phone: (980) ***-****
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75 State Street 24Th Floor
LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), is a leader in the financial advice market and serves $485 billion in retail assets. The Company provides proprietary technology, comprehensive clearing and compliance servi... more.
BIOLASE â€“ CFO Moves
LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA) announced that it has named current chief financial officer Dan Arnold to the role of president.
Prior to becoming CFO for LPL, Arnold served as managing director, head of strategy for the firm. Previously, Arnold served as divisional president of LPL's Institution Services business, a distinction he earned after 12 years of leading UVEST, a broker dealer that was acquired by LPL in 2007.
Management - LPL Financial Holdings
Image of Dan H. Arnold
Dan H. Arnold President
Dan H. Arnold, Managing Director, Divisional President, Financial Institution Services
Dan H. Arnold, Managing Director, Divisional President, Financial Institution Services In January 2007, our subsidiary, UVEST Financial Services Group Inc. ("UVEST") entered into an employment agreement with Mr. Arnold. This employment agreement was executed in connection with our acquisition of UVEST. This agreement has a three-year term with automatic annual renewal unless UVEST provides notice of non-renewal within 90 days prior to the completion of the then-current term. This agreement, together with the NEO Employment Agreements, are referred to below as the "Employment Agreements." Base Salaries Mr. Casady, Ms. Stearns, Mr. Moore, Mr. Dwyer, and Mr. Arnold receive an annual base salary for the 2011 fiscal year of no less than $800,000, $625,000, $625,000, $512,500, and $400,000, respectively. Under his Employment Agreement, Mr. Arnold may not engage in prohibited competitive conduct for a period of twenty-four months in the event of termination. Dan H. Arnold(17) Mr. Arnold was not a named executive officer in 2009 or 2008. His compensation is therefore only disclosed for the year ended December 31, 2010. (18) Includes $5,377 relating to automobile lease payments and $455,822 relating to the forgiveness of loan in connection with Mr. Arnold becoming an executive officer of the Company, and related tax gross-up payment of $395,386 Dan H. Arnold Dan H. Arnold Dan H. Arnold Dan H. Arnold Dan H. Arnold Under the terms of his Employment Agreement, if Mr. Arnold is terminated without cause or for good reason, then we must pay (i) base salary payable through the month in which his termination of employment occurs, (ii) reimbursement for reasonable business expenses incurred; (iii) such employee benefits, if any, as to which Mr. Arnold may be entitled notwithstanding the termination of employment under the employee benefit plans of the Company (together with (i) and (ii), the "Accrued Rights"), (iv), base salary for 24 months, and (v) a pro rata portion of his bonus, if any, for the year in which the death occurs. Under the terms of his Employment Agreement, upon termination of his employment other than for good reason, Mr. Arnold would be entitled to receive his Accrued Rights. Upon termination due to death, Mr. Arnold's estate will be entitled to (i) the Accrued Rights and (ii) a pro rata portion of his bonus, if any, for the year in which the death occurs. Upon termination due to disability, Mr. Arnold shall be entitled to receive (i) the Accrued Rights, (ii) base salary for twelve months, and (iii) a pro rata portion of his bonus, if any, for the year in which the termination occurs. Dan H. Arnold(6)
LPL Financial Holdings Inc.- Management
Dan H. Arnold
"On behalf of LPL, I congratulate Sheridan Road Financial on this recognition," said Dan Arnold, LPL Financial President.