Carl J. Hartman
Carl J. Hartman
Wealth Advisor, Senior Vice President, Principal, Senior Investment Officer, Business Development Manager
Toll Free: 877.728.6564
Carl J. Hartman is the Senior Vice President, Principal, Senior Investment Officer, and Business Development Manager of DiNuzzo Index Advisors, Inc. which has operated as an SEC Registered Investment Advisor since 1989 and currently manages over $685 million. Carl joined the firm in 2007, with the objective of joining a “Fee Only” Wealth Management Firm that was focused on offering their clients sound objective investment and financial planning under a fiduciary standard. Carl was a key component in DiNuzzo Index Advisors, Inc., being awarded the “#1 Best Places to Work” in Western Pennsylvania / Pittsburgh in 2008, 2013 and 2016 by the Pittsburgh Business Times. Additionally, Carl was awarded the prestigious designation as a Multi-Year FIVE STAR Wealth Manager. The award is given to wealth managers in Pittsburgh and across the U.S. who satisfy key client criteria and score the highest in overall client satisfaction.
He has been a licensed representative in the investment field for the past 20 years. Most recently he was employed by Charles Schwab & Co. Inc., where he was assigned to handle many service and investment related issues with a diverse client base of over 400 clients. He also worked side by side with the Schwab Private Client and Advised Investing Team in helping his clients with asset management and financial planning issues.
Carl has devoted expertise at DiNuzzo Index Advisors, Inc. to Institutional Style Index Investment Management, Financial Planning and Business Development; he has perfected his communication skills to convey our business philosophy to prospective clients. His vast experience in the financial planning segment allows prospective clients an additional benefit when researching individual investment firms. Carl’s clear, concise approach to business development and our mission has added value to our firm and clients. His sincere belief in the primary objective at DIA of addressing the clients’ planning needs, objectives and goals is a perfect fit for the firm.
Carl earned a BS (Bachelor of Science Degree) in Business Administration from Duquesne University and a Private Pilot Certificate from Kent State University. Carl is a member of the Financial Planning Association (FPA). Carl has also completed the comprehensive and in-depth Professional Advancement program and classes at Duquesne University and achieved their Executive Certificate in Financial Planning designation. He has also, achieved his ChFC® (Chartered Financial Consultant®) designation through The American College. In 2014 Carl became a member of The Pittsburgh Society of Investment Professionals (PSIP).
In 2014 Carl was awarded the Accredited Investment Fiduciary® (AIF®) Designation from the Center for Fiduciary Studies™, the standards-setting body for fi360. The AIF® Designation signifies specialized knowledge, fiduciary responsibility and the ability to implement policies and procedures that meet a defined standard of care. The Designation includes an agreement to abide by the Code of Ethics. On an ongoing basis, Designees are required to complete continuing education to maintain the AIF® Designation.
He is a lifelong resident of the Mon Valley Area of Pittsburgh where he and his wife are currently raising their four children. In his time away from work he and his wife enjoy quality time together and managing the many activities of their children. Carl is an avid exercise/workout enthusiast and also enjoys golfing.
In order to consider a broad population of high-quality wealth managers and investment professionals, award candidates are identifieded by one of three sources: firm nomination, peer nomination or prequalification based on industry standing. Self-nominations are not accepted. Pittsburgh award candidates were identifieded using internal and external research data. Candidates do not pay a fee to be considered or placed on the final lists of Five Star Wealth Managers or Five Star Investment Professionals. Although this list is a useful tool for anyone looking for help in managing their financial world or implementing aspects of their financial strategies, it should not be considered exhaustive. Undoubtedly, there are many excellent professionals who, for one reason or another, are not on this year’s lists.
• The Five Star award is not indicative of a professional’s future performance. • Wealth managers may or may not use discretion in their practice and therefore may not manage their clients’ assets. • The inclusion of a professional on the Five Star Wealth Manager list or the Five Star Investment Professional list should not be construed as an endorsement of the professional by Five Star Professional or Pittsburgh Magazine.
• Working with a Five Star Wealth Manager, Five Star Investment Professional or any professional is no guarantee as to future investment success, nor is there any guarantee that the selected professionals will be awarded this accomplishment by Five Star Professional in the future. • Five Star Professional is not an advisory firm, and the content of this article should not be considered financial advice. For more information on the Five Star Wealth Manager or Five Star Investment Professional award programs, research and selection criteria, go to www.fivestarprofessional.com/research.
Five Star Investment Professional Criteria
Five Star Professional’s Investment Professional award goes to outstanding accountants, estate planning attorneys, insurance agents and select others in the financial industry. Award candidates must satisfy the following criteria to be named a 2017 Five Star Investment Professional:
Eligibility Criteria – Required
1. Credentialed with appropriate state or industry licensures.
2. Actively employed as a credentialed professional in the financial services industry for a minimum of five years.
3. Favorable regulatory and complaint history review.
4. Accepting new clients Evaluation Criteria - Considered 5. One-year client retention rate
6. Five-year client retention rate
7. Number of client households served 8. Recent personal production and performance (industry specific criteria)
This year, we honored seven Pittsburgh-area investment professionals with the Five Star Investment Professional award. Learn more at: FiveStarProfessional.com
Pittsburgh Magazine’s “Five Star Wealth Managers” award recognizes individuals who help manage and implement aspects of the financial world. The magazine formed a partnership with Crescendo Business Services to discover which wealth managers scored highest in overall satisfaction. Crescendo administered a survey, by mail and phone, to approximately 1 in 5 high-net-worth households, within the Pittsburgh area. Additional surveys were sent to financial services industry professionals. On the surveys, recipients were asked to evaluate only wealth managers whom they know through personal experience and to evaluate them based upon nine criteria including: customer service, integrity, knowledge/expertise, communication, value for fee charged, meeting of financial objectives, post-sale service, quality of recommendations, and overall satisfaction. Both positive and negative evaluations were included in the scoring. Only wealth managers with five years of experience in the financial services industry were considered. Next, each wealth manager was reviewed for regulatory actions, civil judicial actions and customer complaints as reported by FINRA (the Financial Industry Regulatory Authority) and other regulatory agencies. Then, before finalizing the list, wealth managers were reviewed by a blue ribbon panel. The panel was comprised of individuals from within the financial services industry. Although panelist comments were incorporated into the final score, safeguards were built into the review process to reduce the ability of panel members to influence the composition of the final list on the basis of company affiliation. The resulting list of Wealth Managers represents less than 5 percent of the wealth managers in the Pittsburgh area. The Five Star Wealth Manager rating may not be representative of any one client’s experience because the rating reflects only a sample of the experiences of the adviser’s clients. The rating is not indicative of the adviser’s future performance. The adviser did not pay a fee to participate in the survey.