Wealth Creation

Alan Arnold was educated at Jesuit High School and Loyola University New Orleans. He served two years of active duty as a Lt. in the Army Field Artillery before starting his career at Howard Weil, Labouisse, Friedrichs & Co. In 1976, he was named executive vice president and assumed broader management responsibilities, leading to his selection as firm president in 1985. In 1987, Howard Weil merged with Legg Mason, headquartered in Baltimore. Mr. Arnold served on its board until 1990 when he resigned to form Arnold & Co. Inc. The firm assisted non-profits in acquiring apartment properties from the burgeoning inventory of the RTC. He created a small investment group in the advisory process and acted as its principal investor and managing partner. He created Midsouth Realty Management Inc. to act as GP and eventually assumed the property management responsibility for each property. With the success of the property acquisition strategy and other investments, his consulting activities have gradually reverted to pro bono services for non-profits, principally the Archdiocese of New Orleans. In 2009, Mr Arnold was appointed to the Board of Liquidation of the City of New Orleans.