Richard Alt

Richard Alt
Principal, Chief Investment Officer
Cleveland, OH

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.  

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