Mitzi Carletti

Mitzi W. Carletti is a Seattle-based investment professional best documented as a longtime wealth manager, research analyst, portfolio manager, and partner at Badgley Phelps. Public sources do not verify the stub characterization of her as an angel investor or seed-stage startup investor; the available record points instead to a career in investment advisory, public-market portfolio management, and wealth management.

Carletti graduated with honors from the University of Puget Sound in 1978. Her LinkedIn profile lists University of Puget Sound attendance from 1975 to 1978. University of Puget Sound later reported that she worked at Merrill Lynch as a trader and investment advisor, then at Frank Russell Company as an analyst, before becoming a partner and portfolio manager at Badgley Phelps Investment Managers in Seattle. A 1992 Stocks & Commodities article synopsis similarly described her as a senior research analyst at Frank Russell who joined the firm in 1988 from Merrill Lynch and researched, monitored, and evaluated international money managers.

At Badgley Phelps, Carletti was described in firm materials as a Wealth Manager and Research Analyst. Her published Badgley Phelps writing focused on practical wealth and investment issues, including securities-backed lines of credit, margin loans, retirement planning, and investment policy statements for nonprofits. Julie Parisio Roy, who later became Badgley Phelps CEO, credited Carletti as an early mentor and described learning from her approach to listening to clients, building long-term relationships, and developing personalized investment strategies.

Carletti has also had a long affiliation with University of Puget Sound governance and alumni service. The university announced her as a trustee in 2011 and described prior service on the alumni board, including chairing annual fund and student activities committees. She later returned to the board, was re-elected to the class of 2026 in May 2023, and the current University of Puget Sound board listing describes her as a retired Wealth Manager/Research Analyst in Seattle.

• No public source found verifies angel-investing activity, seed-stage investing, venture portfolio companies, or a stated startup investment thesis for Carletti.
• Her documented investment work centers on public-market wealth management, client-specific asset allocation, investment policy, and risk management rather than venture capital.
• Badgley Phelps says its investment approach starts with risk management, uses an in-house research team, and primarily uses individual securities because active management can provide flexibility, transparency, and customization.
• Badgley Phelps lists its investment style as including growth stocks, value stocks, international stocks, small/midcap stocks, taxable bonds, municipal bonds, short-term bonds, and multi-strategy portfolios.
• For nonprofits, Carletti emphasized that an investment policy statement should record the organization’s investment purpose and goals, establish guidelines for evaluating investment decisions, protect fiduciaries and assets, and reduce emotion in asset management.
• In a University of Puget Sound divestment statement, Carletti framed endowment investing around fiduciary responsibility, donor intent, investment returns, and ongoing monitoring of hydrocarbon exposure.