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Investing in Impact: Carnegie Investment Counsel Adds Nonprofit Development Specialist to Empower Fundraising Growth

6/14/2023

 
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CLEVELAND, May 9, 2023 -- Carnegie Investment Counsel, a well-respected Registered Investment Adviser (RIA), has recently added a team member dedicated to helping nonprofit clients maximize their development efforts. The company is proud to welcome Megan Lencoski as its new Nonprofit Development Specialist. With Lencoski on board, nonprofit clients of Carnegie Investment Counsel now have access to expert consulting on revenue growth and fundraising strategies to increase their impact.

Megan Lencoski, Nonprofit Development Specialist at Carnegie Investment Counsel Lencoski's new role at Carnegie Investment Counsel is focused on providing innovative fundraising strategies, specialized tools, resources, and tips to help nonprofits grow and achieve their goals. With nine years of experience as the Development Director and COO of WomenSafe, a nonprofit domestic violence shelter and resource center based in Northeast Ohio, Lencoski has extensive experience and access to resources. Now, she brings that knowledge to Carnegie to help nonprofits build strong relationships with their donors, increase their visibility and impact, and grow their revenue streams.

Even after leaving her position at WomenSafe, Lencoski continues to be involved with the agency as a volunteer, helping with special events, grant writing, and ongoing digital marketing. Her passion for the nonprofit sector and her commitment to helping organizations grow make her an invaluable asset to the Carnegie Investment Counsel team.

Lencoski's addition to the team demonstrates Carnegie Investment Counsel's commitment to providing valuable resources to nonprofit organizations. By partnering with Carnegie Investment Counsel, nonprofit clients can now get access to Lencoski's expertise and resources to help them grow their revenue streams and maximize their impact on communities.

Carnegie Investment Counsel has always been dedicated to the investing success of its clients. As a fiduciary, the company places the client's investing success ahead of their returns. The company tailors an investment portfolio and financial plan aimed at clients' goals with an appropriate level of risk, actively monitoring and adjusting the portfolio as needed to optimize their performance and returns. Carnegie Investment Counsel is 100% fee-only, meaning their only compensation is a percentage of assets managed. This transparent model promotes trust and helps to remove conflicts of interest.

With Lencoski's wealth of experience and expertise in the nonprofit sector, Carnegie Investment Counsel's nonprofit clients can expect even more guidance and resources to help them achieve their goals. The addition of Lencoski to the team demonstrates the company's dedication to providing its nonprofit clients with the best possible service and support.

Learn more about Investment Services for Nonprofits and Foundations

Wes Creese, CPA of RiverStone Wealth Management has merged with Carnegie Investment Counsel

1/17/2023

 
Cleveland, OH (January 2023) –​ Carnegie adds second Pittsburgh office, adding approximately $300 million to AUM. 
We are pleased to announce that on December 7, 2022, Wes Creese, CPA of Wexford, PA, signed an agreement to combine his practice with Carnegie Investment Counsel and is now a Principal of the firm. This agreement expands Carnegie's Pittsburgh presence, adding to its current office in Canonsburg, PA. Wes will maintain his office in Wexford, PA but operate under Carnegie.

Before joining Carnegie in November of 2022, Wes was the founder and President of RiverStone Wealth Management. Wes shares our philosophy for serving clients by the fiduciary standard, along with personalized service and a customized investment portfolio approach. Wes started RiverStone in 2017 and built a successful company amounting to approximately $300 million assets under management. He thrives on bringing peace of mind to his clients through advanced financial, tax and estate planning services. His primary focus is helping high-net-worth individuals and small businesses. Wes brings over 25 years of experience as a financial advisor and 40 years as a Certified Public Accountant.

"We are thrilled to join forces with Wes; he is a natural fit. Our clients and team will benefit from his knowledge and expertise," says Kim Gannis, AIF®, Principal of Carnegie.

The combination brings Carnegie Investment Counsel approximately $3.5 Billion in Assets Under Management as of 12/31/2022. Firm headquarters are in Cleveland, Ohio, with offices in Cincinnati, Fort Myers, Los Angeles, New York, Philadelphia, Pittsburgh South (Canonsburg), Pittsburgh North (Wexford) and Toledo.
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Learn more about how Carnegie Investment Counsel creates custom investment portfolios for individuals, families, nonprofit organizations and business owners. Visit www.carnegieinvest.com, call 1-800-321-2322, or email info@carnegieinvest.com. 

Crane Asset Management Merges With Carnegie Investment Counsel

7/15/2021

 
​$120 Million RIA firm merges firm with Carnegie Investment Counsel
Cleveland, OH (May 13, 2021) -- We are excited to announce that on Friday, April 30, 2021, Crane Asset Management LLC of Beverly Hills, CA, signed an agreement to merge with Carnegie Investment Counsel. This relationship is the second Los Angeles agreement for Carnegie in the past two years. In 2019, Laurel Grove Capital joined Carnegie, which established an initial presence on the west coast. Crane Asset Management brings more depth to Carnegie through valued client relationships and senior portfolio management talent.
 
John R. Frye, CFA, and Sharon E. Blunk, the co-partners of Crane Asset Management, share Carnegie's investment philosophy that includes fiduciary responsibility, portfolio customization and long-term outlook on the market. Richard Alt, Principal and Chief Investment Officer at Carnegie, believes Crane Asset Management is a great fit that serves a similar clientele.
 
Mr. Frye will join Isabel Pedrosa, Portfolio Manager, in the Carnegie office located in Century City, CA. Isabel stepped in as successor to Leora Garner, founder of Laurel Grove Capital, who sadly passed last year.
 
Mr. Frye, co-founder of Crane Asset Management, oversees all aspects of the investment and portfolio management process for clients. John has 42 years of experience in the investment field. Before co-founding Crane Asset Management, John served as Executive Vice President and Portfolio Manager at Renberg & Associates in Beverly Hills. He began his career with E. F. Hutton & Company in New York and subsequently worked with Alex. Brown & Sons in Baltimore.
 
"We are excited to welcome John," says Richard Alt. “He brings a level of experience and gravitas to the Carnegie team that will be a benefit to all of us.”
 
“Our firm is built to embrace the different strengths of advisors. Our advisors provide custom portfolio management centered around what is best for the client. I believe this approach enhances the client experience and keeps our team sharp." says Gary Wagner. "Crane Asset Management has had the same fiduciary approach with their clients at the center."
 
Carnegie Investment Counsel is an experienced partner firm built to embrace RIA advisors. Carnegie has grown to over $3 Billion AUM (as of 3/31/21) and has successfully combined a number of firms that value the extra effort to provide a personal and custom approach to serving clients.
 
Carnegie Investment Counsel (“Carnegie”) has been serving investors since 1974, founded by Prescott, Ball & Turben. Carnegie is a federally registered investment adviser under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply a certain level of skill or training.  Carnegie’s strategies and the investment risks and advisory fees associated with each strategy can be found within Part 2A of the firm's Form ADV, which is available at https://adviserinfo.sec.gov/.Carnegie is a fee-only Investment Adviser that is independently owned, with no obligations to deliver profits to outside shareholders. As a fiduciary, Carnegie seeks to place the client's best interest first. For more information, call 800.321.2322 or visit www.carnegieinvest.com.

Carnegie Hires Isabel "Bel" Pedrosa

2/12/2020

 
Los Angeles, CA (February 11, 2020) -- We are pleased to announce that Isabel “Bel” Pedrosa has joined our team as Portfolio Manager in our Los Angeles office.

Bel holds a B.S. in Computer Science from the Catholic University of Campinas, Brazil and an MBA from the University of San Francisco. After graduating, she worked for ING and Deutsche Bank on securities research before she became a Portfolio Manager for BBA Capital Asset Management, a joint venture of the Capital Group in Brazil. Bel then served as a Director and Portfolio Manager for BankBoston Asset Management before moving to California.  She has managed portfolios for institutional clients and family-office clients through her company Gesar Capital Management.  Bel serves a worldwide clientele and communicates proficiently in five languages. 

“It is quite rare to find someone who is both technically oriented in the equity markets and can carry on a conversation with literally anyone in the world and we have that combination in Bel” says Richard Alt, Principal and Chief Investment Officer.
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Bel has been working closely with Leora Garner, who built the Los Angeles office over the last 25 years and is transitioning her relationships.  She is a supportive contributor in the Carnegie Investment Committee and is already meeting with Carnegie clients.

If you wish to schedule a phone call or meeting with her, please contact our office at 310-789-0000 or visit www.carnegieinvest.com.

Carnegie Investment Counsel Mergers with Matheson Financial Services

8/22/2019

 
Ian Matheson, owner of Matheson Financial, will add depth and lead expansion efforts in Southwest Florida for Carnegie.
​
Fort Myers, FL (August 15, 2019) — Carnegie Investment Counsel is pleased to announce the merger of Matheson Financial and the hiring of Ian Matheson. Ian will be its newest wealth advisor working out of our Fort Myers location. As owner and CEO of Matheson Financial Services in Bonita Springs, Florida for the last 20 years, Ian led the planning process and advised clients on comprehensive tax, estate, wealth transfer and philanthropic considerations and solutions. He began his career in Minneapolis working for Matheson Financial before the founder, his father, Robert Matheson decided to relocate its headquarters to Bonita Springs. 
 
Ian has held several positions volunteering for his church on many of the boards and also as a church elder.  He is the founder of the Naples Germanfest which is on its 13th year and has raised over $100,000 for local charities. Ian and wife Laura live in Estero and are very active in their four sons’ sports and activities.
 
To contact Ian, email imatheson@carnegieinvest.com or call 239-939-3235.

Carnegie Investment Counsel Announces West Coast Expansion

8/8/2019

 
Los Angeles, California (February 22, 2019) —  Carnegie Investment Counsel is excited to announce the expansion into California with the merger of Laurel Grove Capital. Founded by Leora Garner in 1995, the entire team from Laurel Grove Capital will be joining Carnegie. According to Garner, “it was important to find a partner firm who shared our fiduciary mindset, values the relationships that we have established with clients, and that provides a planning-based experience. We believe the merger with Carnegie is in the best interests of our clients and the talented and dedicated professionals from Laurel Grove Capital.”

“Our philosophy at Carnegie has always been to minimize the changes felt by clients following a merger” explains Gary Wagner, Principal and Chief Operating Officer at Carnegie Investment Counsel. “The most valuable asset in our business is the relationship with the client. Our goal is to empower advisory teams to spend less time on the mundane administrative tasks of running the business to allow them to focus on helping their clients achieve their desired outcomes.”

To support the transition, Josh Mudse, CFP® will be joining the office in Century City as the Managing Director. “I am excited to join the experienced professionals in Los Angeles. Working closely with Leora to serve clients and engage in deeper planning conversations will not only add value to our existing client relationships, it will be a strong foundation to grow our presence in California.”
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For advisors who value a customized approach to serving clients that have yet to create a succession plan for their business, for their clients and their valued employees, Carnegie Investment Counsel is an experienced partner firm, built to embrace the unique ways advisors serve their clients. Carnegie has grown to over $2 Billion AUM and has successfully merged almost a dozen firms that value the extra effort to provide a personal and custom approach to serving clients.

Carnegie Investment Counsel has been serving investors since 1974, founded by Prescott, Ball & Turben. Carnegie is a fee-only SEC Registered Investment Adviser. Independently-owned, with no obligations to deliver profits to outside shareholders. As a fiduciary, Carnegie seeks to place the client’s best interest first. For more information call 800.321.2322 or visit www.carnegieinvest.com.
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Carnegie Investment Counsel is a federally registered investment adviser under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply a certain level of skill or training. The oral and written communications of an adviser provide you with information about which you determine to hire or retain an adviser. Neither the information nor any opinion expressed is to be construed as a solicitation to buy or sell a security or the provision of personalized investment, tax or legal advice. ​For more information please visit our full disclosures page. ​

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