Carnegie Investment Counsel, a prominent RIA with over $4.5 billion in assets under management, is sharpening its focus on the retirement planning space with its latest veteran hire.
The Cleveland, Ohio-based firm announced on Tuesday that it has added Wendy Eldridge as a retirement plan advisor.
Eldridge, who brings nearly 25 years of experience in the retirement plan and financial services industry, will join Carnegie to strengthen its existing retirement plan team.
"We are thrilled to add a talent like Wendy Eldridge to our retirement planning team," Richard Alt, CEO of Carnegie Investment Counsel, said in a statement.
"Few people have the depth of knowledge necessary to properly structure a retirement plan for employees,” Alt emphasized. “As a fiduciary advisor, we are extending our client-first priority into the retirement plan business with the addition of Wendy."
Eldridge expressed her enthusiasm for joining the team, stating, "I am so excited to join the Carnegie team because of their unwavering commitment to client success and their reputation for personalized financial planning.”
In the 10 years prior to joining Carnegie Investment Counsel, Eldridge had a long tenure as managing director and partner at Marcum Wealth. Before that, she had a short stint as director of the 401(k) division at Capital Planners.
“I look forward to bringing my 401(k) and retirement planning expertise to a firm that values integrity, transparency, and most importantly, the client's best interests above all," she said.
Carnegie Investment Counsel has been serving investors since 1974, when it was originally founded by Prescott, Ball & Turben.
"This shouldn’t be hard to ban, but neither party will do it. So offensive to the people they serve," RIA titan Peter Mallouk said in a post that referenced Nancy Pelosi's reported stock gains.
Elsewhere, Sanctuary Wealth recently attracted a $225 million team from Edward Jones in Colorado.
The giant hybrid RIA is elevating its appeal to advisors with a curated suite of alternative investment models, offering exposure to private equity, private credit, and real estate.
The $40 billion RIA firm's latest West Coast deal brings a veteran with over 25 years of experience to its legacy division for succession-focused advisors.
Invictus fund managers allegedly kept $10 million in plan assets after removal, setting off a legal fight that raises red flags for wealth firms.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
