James Richard Arnold

James R. Arnold died of a heart attack at the age of 57 on 2 November 1989 in his home in New Berlin, WI.  He was born in Brooklyn, NY on 25 May 1932.  He received an appointment to the Naval Academy from the Secretary of the Navy.  He was a member of the 11th Company during his four years and contributed to the selection of “Club 11” as the Color Company of the Brigade in 1956. 


Jim was commissioned as a Second Lieutenant USAF upon graduation.  He served as a pilot in the Air Force until he resigned in June of 1961, continuing in the 440th Air Force Reserves based in Milwaukee.  His civilian life included several years at AC Delco Electronics in Oak Creek, WI, in support of the Space Program.  He left them in 1964, and devoted the next 14 years to the investment brokerage business.  He then started his own money management firm, Arnold Investment Counsel, in 1978, and created the Primary Trend Family of Mutual Funds in 1986.  His youngest son, Barry, still owns and operates the firm along with Jim’s original partner.


His wife of 33 years, Carolyn, passed away in 1996.   His son Greg predeceased him in 1970.  He is survived by his sons, James of Brookfield, WI, and Barry of Hartland, WI, as well as a daughter, Carolyn Gross, of New Berlin, WI, and 9 grandchildren.  He is also survived by 4 siblings from Long Island, NY.