Henry A. Spain, CLU®, ChFC®

Henry A. Spain
Senior Portfolio Manager & Wealth Advisor
Cleveland, OH

EMAIL HANK SPAIN

Or call 216-367-4114

“I believe that the investments we have entrusted to us represent the tangible results of not only our clients’ working lives but, in many cases, legacy family assets as well. It has always been my mission to treat one’s wealth with great care, skill and thoughtfulness.” 

Henry A. Spain (Hank) serves as Senior Portfolio Manager and Wealth Advisor working with a select group of individuals, families, and businesses. He listens to them and develops plans to help them build, manage, protect, and benefit from their wealth and investments. 

Prior to joining Carnegie, Hank’s career began as part of the growing financial planning movement in the 80’s. Since then, he developed progressive portfolio management skills—starting at Prudential Securities and was asked to open the current branch of Wells Fargo Advisors in Pepper Pike.  This combination of experience has allowed him to hone management skills for wealth and portfolio advice.

In addition to serving his client base, Hank believes it’s important to serve his community as well. He has served as a founding board member and Secretary of the Gathering Place. He served as Treasurer of Sam’s Scholars (Inner Circle). He is active with LifeAct, which addresses issues for suicide prevention in our community.

Hank earned his Bachelor’s degree from Ohio State University. He has undergone additional business training through the University of Miami Graduate School Administrative Studies as well as The American College of Financial Services. He is a chartered ChFC and a CLU.

Hank and his wife Michele have two children, and their son Nick has also joined Carnegie Investment Counsel. Hank enjoys fitness, skiing, “recreational” golf and all Cleveland sports.

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About Hank Spain's Professional Designations

ChFC® – Chartered Financial Consultant™
ChFC® is a professional designation granted by The American College, Bryn Mawr, Pennsylvania. The ChFC® certification is a voluntary certification; no federal or state law or regulation requires financial planners to hold ChFC® certification. To attain the right to use the ChFC® designation, an individual must satisfactorily fulfill the following requirements:

• Education – Complete a course of study addressing the financial planning subject areas that The American College has determined as necessary for the competent and professional delivery of financial planning services. The American College’s financial planning subject areas include insurance planning and risk management, employee benefits planning, investment planning, income tax planning, retirement planning, and estate planning;
• Examination – Pass an examination for each required course. These two hour examinations include case studies and client scenarios designed to test one’s ability to correctly diagnose financial planning issues and apply one’s knowledge of financial planning to real world circumstances;
• Experience – Requires at least three years of business experience (or the equivalent, measured as 2,000 hours per year); and
• Ethics – Agree to be bound by The American College’s Standards of Professional Conduct, a set of documents outlining the ethical and practice standards for ChFC® certificate holders. 

Individuals who become certified must complete the following ongoing education and ethics requirements in order to maintain the right to continue to use the ChFC® certification:

• Continuing Education – Complete 30 hours of continuing education hours every two years, including two hours on the Code of Ethics and other parts of the Standards of Professional Conduct, to maintain competence and keep up with developments in the financial planning field; and
• Ethics – Agree to be bound by the Standards of Professional Conduct. The Standards prominently require that ChFC® professionals provide financial planning services at a fiduciary standard of care. This means ChFC® professionals must provide financial planning services in the best interests of their clients. ChFC® professionals who fail to comply with the above standards and requirements may be subject to The American College’s enforcement process, which could result in suspension or permanent revocation of their ChFC® certification.

CLU® -Chartered Life Underwriter
A Chartered Life Underwriter® (CLU®) is a designation of life insurance expertise that a financial professional holds that provides for knowledge of the life insurance industry and the underwriting process granted by The American College of Financial Services. A CLU® certification gives advisors:

• In-depth knowledge of the life insurance industry underwriting process and life insurance law within the guidelines of overall risk assessment
• The necessary knowledge to help clients and investors address their estate planning needs
• An understanding of personal finance solutions addressing the life insurance underwriting needs of business owners and professionals

To attain the CLU® Certification an individual must have three years of full-time business experience within the five years preceding the awarding of the designation, take five core and three electives courses, equivalent to 24 semester credit hours, take a final closed-book, proctored exam for each course, and must complete a continuing education requirements of 30 hours every two years after the designation is awarded.