Charles Richard “Rick” Beard, co-founder and managing director of Cardinal Investment Advisors, who was killed in a bicycle accident June 20, was remembered by his colleagues at the investment consulting firm for his infectious energy that swept up in it those around him professionally and personally.
Mr. Beard, 54, “died riding his bicycle in a hit-and-run accident,” said a Cardinal letter sent to clients Monday.
“Anyone who knew Rick recognized he had a true zest for life,” said a statement posted on Cardinal's website. “Rick did everything at one speed — whether it was traveling, playing golf, delivering 'feedback' to his beloved St. Louis Cardinals, or servicing a client. And that speed was full blast.”
Mr. Beard's primary responsibility at Cardinal was client service and secondary responsibility business development, a profile on the Cardinal website said.
Cynthia J. Potter, a co-founder and managing director of the firm, referred to the letter regarding the impact on Cardinal and a succession plan.
“Most of our clients will not be affected directly” by Mr. Beard's death, the letter said. “For Rick's director clients, we will communicate individually regarding succession plans.”
Cardinal, which grew to 31 employees, has 54 clients with a total of $85 billion in assets, including 17 pension fund-related clients and a total of four endowments and foundations.
Before the founding of Cardinal in 2001, Mr. Beard was managing director-consulting at Summit Strategies.
Mr. Beard graduated from the U.S. Military Academy at West Point and served as a captain in the Army, Blackhorse Regiment. Following his military service, he graduated from Harvard Business School with an MBA
Survivors include his wife, Sonia Beard; son, Charlie; and daughter, Carly.
A memorial service will be held at 3 p.m. CDT June 30 at Central Presbyterian Church, 7700 Davis Street, Clayton, Mo.
In lieu of flowers, the family asks for donations to Central Presbyterian Church Good Neighbor Fund, 7700 Davis Drive, Clayton, MO 63105, or Clayton Alumni Association and Education Foundation-Rick Beard Memorial Fund, #2 Mark Twain Circle, Clayton, MO, or a charity of choice.