Carnegie Expands into Florida with Acquisition of $220M AHL Investment Management 

Carnegie Investment Counsel, a registered investment advisor with $7 billion in assets under management, has acquired AHL Investment Management, a Florida-based wealth manager with approximately $220 million in assets under management. The acquisition, effective as of October 1, broadens the Ohio-based firm’s national presence and deepens its footprint in the high-growth Florida market. 

Led by founder and owner Rick Ahl, AHL’s two-person team will fully integrate with Carnegie, equipping them with its robust technology stack, operational infrastructure, and deep resources. 

“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,” said Richard Alt, CEO and principal of Carnegie. “This alignment in values strengthens the foundations of our firm for long term success.”   

Earlier this year, Carnegie also acquired Eagle Ridge Investment Management, a Stamford, CT-based RIA with $1.3 billion in assets under management.