Carnegie Acquires AHL Investment Management

Carnegie Investment Counsel, an independently owned registered investment advisor (RIA) with $7 billion in assets under management (AUM), is acquiring AHL Investment Management.

The Florida-based wealth management firm has approximately $220 million in AUM and is led by Founder and Owner Ric Ahl. The acquisition, effective as of October 1, is said to broaden Carnegie’s national presence.

“Welcoming AHL Investment Management to the Carnegie family is an exciting step forward in our 50-year journey of growth and mission driven wealth management”, said Richard Alt, CEO and principal of Carnegie. “Rick and his team join our firm not only with valuable expertise and trusted client relationships, but also a culture and financial planning philosophy that mirrors our own. This alignment in values strengthens the foundations of our firm for long term success.”

“Joining Carnegie gives us the tools and support to elevate the way we serve our clients,” said Ahl. “Since founding 26 years ago, AHL has been built from the ground up, and I’m incredibly proud of the relationships we’ve fostered and the trust our clients have placed in us. This next chapter with Carnegie will allow us to develop our service capabilities, while also maintaining the high-touch, values-driven approach that has defined our firm.”

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