Richard Alt serves as Chief Investment Officer, Principal and Portfolio Manager at Carnegie Investment Counsel. He is responsible for overseeing the investment process of the firm and managing custom portfolios for select clients. Named as the Portfolio Manager for Heathcliff Trust of London, he currently manages accounts for The Cleveland Foundation, The Troy Foundation, Turnstone Financial and The Private Trust Company.
Richard has over thirty years of experience in investment management since interning at E.F. Hutton & Company. He worked at Roulston & Company and Greenleaf Capital Management before joining Carnegie. Since becoming Principal of the firm in 2009, Carnegie has grown from under $200 million to over $2.7 billion in assets under management. A primary tenant of the firm instilled by Richard has been the personalization of all portfolios and primarily the overlay of Environmental, Social and Governance (ESG) criteria for the assets managed, ensuring that both stock and bond securities are invested in a manner that reflect the beliefs of every client.
He is a member of the CFA Society of Cleveland Vistage, The Bond Club of Philadelphia and the Athletic Club of Columbus. He has served on various nonprofit boards such as St. Paul’s Episcopal Church, Ashtabula County Medical Center, St. Ann's Athletic Association and the Cleveland Skating Club. Richard earned his B.S. in Finance from the University of Dayton.
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.
The Financial Times 300 Top Registered Investment Advisers is an independent listing produced annually by the Financial Times. The FT 300 is based on data gathered from RIA firms, regulatory disclosures, and the FT’s research. The listing reflected each practice’s performance in six primary areas: assets under management, asset growth, compliance record, years in existence, credentials and online accessibility. This award does not evaluate the quality of services provided to clients and is not indicative of the practice’s future performance. Neither the RIA firms nor their employees pay a fee to The Financial Times in exchange for inclusion in the FT 300.