Irving Ornest; Private Investment Counselor

Irving Ornest, 66, a private investment counselor for more than 30 years. A native of Edmonton, Canada, Ornest moved to Los Angeles in 1946 and began his business career as a banker. He later became a full-time adviser, managing a multimillion-dollar portfolio for about 20 wealthy clients. Although he was a political liberal active in local Democratic circles, Ornest followed a conservative investment philosophy, buying mainly blue-chip securities he selected through painstaking research. On Saturday in Los Angeles of prostate cancer.