Carnegie Wealth Management, LLC

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Client assets under management

$343,362,950

Clients

226

41% high-net worth

Advisors

of 6 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

113

Very High

Average account size

$1,519,305

About

Carnegie Wealth Management is a registered investment adviser that serves individuals, high‑net‑worth individuals, trusts, estates, businesses and retirement plans. The firm’s team of four advisors provides discretionary and non‑discretionary portfolio management, financial planning and consulting for custodied accounts as well as for held‑away retirement and insurance‑related accounts.

The firm generally pursues a primarily long‑term, strategic asset allocation approach while employing tactical adjustments as market conditions warrant, using fundamental and technical analysis. Portfolios are customized and may include mutual funds, ETFs, individual equities and fixed income, REITs, structured investments and alternative assets; Carnegie Wealth monitors accounts regularly and conducts formal reviews at least annually, with more frequent oversight for held‑away plan accounts via a third‑party portfolio and order management system.

Compared with many peers, Carnegie Wealth routinely manages held‑away defined contribution and insurance‑related assets through a third‑party platform that enables oversight and rebalancing without taking custody of those assets. The firm discloses that a supervised person is licensed to sell insurance and that it receives certain third‑party benefits (including an institutional relationship with a major custodian) and referral fees for loan introductions, each of which it identifies as potential conflicts and addresses in its disclosures.

Client services

Financial planning Portfolio management Selection of other advisers

Expertise

Wealth management Real estate investing Private / alternative investments

Fee options

Fixed

Fixed fee engagements for financial planning based on total estimated hours.

Percentage

$0 - $1,500,000: 1.25% annually $1,500,001 - $2,500,000: 1.10% annually $2,500,001 - $5,000,000: 1.00% annually $5,000,001 - $7,500,000: 0.90% annually $7,500,001 - $10,000,000: 0.80% annually $10,000,001+: Negotiable

Project-based

Up to $500 per hour for financial planning services.

Other

Fee-only: Investment advisory fees based on tiered AUM schedule; Financial planning fees hourly up to $500/hour or fixed fee based on estimated hours; Fees negotiable.

Main office location

Carnegie Wealth Management, LLC

850 Cassatt Road, Suite 225

Berwyn PA 19312, United States

Number of offices

Most active in

California · Connecticut · Florida · Louisiana · Massachusetts · Michigan · New Hampshire · New Jersey · New York · Pennsylvania · Texas

Disclosures

Business activities & affiliations

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

LinkedIn Website (610) 640-4300

Advisors at this firm

Scott S

Series 63, Series 65

Berwyn, PA

Carnegie Wealth Management, LLC

Scott Sheffer is a financial advisor at Carnegie Wealth Management, LLC with 25 years of industry experience. He holds Series 63 and Series 65 licenses and has worked with Carnegie Wealth Management and affiliated firms since 2017. Outside of his advisory role, he is the owner of So Farr Holdings, LLC, a holding company with ownership interests in Carnegie Wealth Management. Carnegie Wealth Management serves individuals, high-net-worth clients, trusts, estates, businesses, and retirement plans. The firm employs a primarily long-term, strategic asset allocation approach with tactical adjustments based on market conditions, offering customized portfolios that include a range of investment vehicles and providing both discretionary and non-discretionary portfolio management.

Wealth management Real estate investing Private / alternative investments

Amy A

CFP®, Series 63, Series 66

Berwyn, PA

Carnegie Wealth Management, LLC

Amy Abromaitis is a CFP® with 28 years of industry experience, currently serving at Carnegie Wealth Management, LLC since 2010. She has previously worked at The Strategic Financial Alliance and VSR Advisory Services, Inc. Outside of her advisory role, she manages a real estate-related business, Radar Enterprises, LLC. Carnegie Wealth Management is a registered investment adviser serving individuals, high-net-worth clients, trusts, estates, businesses, and retirement plans. The firm offers customized portfolio management and financial planning with a long-term strategic asset allocation approach, incorporating tactical adjustments based on market conditions.

Wealth management Real estate investing Private / alternative investments

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