Carnegie Investment Counsel Promotes Veteran Investment Manager Ben Connard to Chief Investment Officer

Appointment reinforces firm’s disciplined investment approach and enhances collaboration across its growing national platform

CLEVELAND--(BUSINESS WIRE)--Carnegie Investment Counsel (“Carnegie”), a leading Registered Investment Adviser (RIA) with $7B in assets under management, has promoted Ben Connard, CFA, to Chief Investment Officer (CIO). Connard will lead the firm’s investment strategies and oversee portfolio construction across equity and fixed income asset classes.

Connard’s elevation to Chief Investment Officer follows a period of continued growth and integration across Carnegie’s platform. Since joining the firm in connection with its expansion into Stamford, Connecticut in February of last year, Connard has served as a member of Carnegie’s Investment Committee, working closely with colleagues across offices to support the firm’s disciplined, research-driven investment approach.

“The primary benefit of our mergers has been the acquisition of talented people. Last year when we added a team in Stamford, Connecticut, we identified Ben Connard as a potential successor to the Chief Investment Officer role here at Carnegie,” said Richard Alt, CEO of Carnegie. “Now that he has spent a year on our investment committee, my confidence is even greater that he has the discipline to lead the investment team.”

In his role as Chief Investment Officer, Connard will work to enhance collaboration across 10 offices across the US, bringing together the firm’s collective expertise to support a consistent and thoughtful investment process. He will build on Carnegie’s long-standing philosophy, focused on bottom-up fundamental analysis, long-term investing, and disciplined portfolio construction.

Connard has been instrumental in helping integrate investment perspectives across the firm, sharing best ideas and strengthening the firm’s overall investment platform. His appointment formalizes a leadership role that supports Carnegie’s continued evolution while maintaining continuity for clients.

“Carnegie has always been grounded in a disciplined, long-term approach to investing,” said Connard. “Our focus is on understanding the underlying businesses we invest in and building portfolios that can perform through a full market cycle. As Chief Investment Officer, my goal is to ensure that every portfolio manager and advisor across the firm is positioned to deliver consistent, long-term outcomes for our clients.”

Connard will continue to work directly with clients, maintaining Carnegie’s emphasis on personalized service and customized portfolio management. Connard’s promotion strengthens Carnegie’s core investment philosophy, and his new role will not disrupt existing client relationships with advisors and portfolio managers.

Prior to joining Carnegie, Connard spent nine years as a Partner and Portfolio Manager at Eagle Ridge Investment Management LLC and 11 years as an Analyst at Laidlaw Group, LLC. He earned a Bachelor of Arts in Mathematics & Statistics and Economics from Williams College and is a member of the CFA Society of New York.

About Carnegie Investment Counsel

Carnegie Investment Counsel (“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 www.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.