Assets Up at J. Arnold Wealth Management

CANFIELD – The J. Arnold Wealth Management Co. increased assets more than 30% in 2020, ending the year at $266 million, says its president of investment services, Jon Arnold.

This year, the firm is looking to expand its office into a new space of between 15,000 and 20,000 square feet as a number of investment advisers and CPAs look to join the company, Arnold says.

“The facility will have an investment lounge and library for our clients to sit and educate themselves with free beverages and snacks,” Arnold says. “It will also have a training theater so that we can fly in investment professionals to deliver a workshop and help them grow as an investor.”

The firm, which employs eight, also launched an updated website Jan. 15.

Last year, Arnold assumed three leadership positions outside of the firm, including being appointed to the board of directors for the Youngstown/Warren Regional Chamber, taking a position with for the Youngstown State University Penguins football team and being a key part of The Business Journal’s CEO Roundtables series.

“This as a whole has reconditioned me to being a better leader,” he says. “My focus on every action whether it’s social media or being in the public environment is more about representing those entities in the most honorable way versus what used to be just my own company image.”

As a result of the pandemic, the firm took proactive measures and rotated its staff, with half working from home and half in the office. This ensured staff remained at full employment and clients did not receive less than expected excellent service, Arnold says.

“Our safety measurements and savings for a rainy day created a business-as-usual environment for our firm,” Arnold says. “It was a clear reminder that anything is possible at any time, and that as a leader, proactive leadership is mandatory.”