Carnegie Wealth
- Company typePrivate
- Founded2017
- HeadquartersBerwyn, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Carnegie Wealth does
Carnegie Wealth Management, LLC is an independent, employee-owned Registered Investment Advisor headquartered in Berwyn, Pennsylvania, with a second office in Yardley (Bucks County), PA. The firm provides investment management, comprehensive financial and wealth planning, portfolio construction, ongoing monitoring and rebalancing, and investment performance reporting for high-net-worth individuals and families, business owners, public company insiders, foundations, and endowments. Its operating footprint covers clients across more than 20 states, with a stated base of 250+ client households and a relationship-based, boutique advisory model underpinned by a five-step investment process and a multi-generational client book dating to the predecessor firm founded in 1985.
The firm generates revenue through recurring advisory fees on assets under management, the standard model for SEC-registered RIAs; pricing is not publicly disclosed and engagements are quote-based. Underlying technology consists of an Envestnet-hosted client investor portal, an integrated performance reporting platform, and a third-party lending platform, while trading execution and asset custody are delivered through a partnership with Charles Schwab. The firm does not disclose AUM, revenue, or headcount growth metrics.
Go-to-market is relationship-driven: client referrals, hosted investor events (e.g., the long-running Mewbourne investor conference), an in-house content program ('Carnegie News & Notes' blog), active social media presence, and industry conference participation (including Schwab IMPACT). The 2022 acquisition of Covered Bridge Advisors, LLC, was the principal inorganic move, adding staff and opening the Yardley office, which was subsequently relocated in July 2024.
Carnegie Wealth firmographics
Firmographics- Name
- Carnegie Wealth
- Legal name
- Carnegie Wealth Management, LLC
- Website
- https://carnegiewealth.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Carnegie Wealth industry classification
Industry- Product category
- Wealth Management
- NAICS
- Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Comprehensive/Full-Service RIAs & Independent Wealth Managers (FSAAACAA)
- akta.pro secondary industries
- Financial Planning–Led RIAs (FSAAACAB), Portfolio Management–Led RIAs (Discretionary/Model-Based) (FSAAACAC)
Keywords
Where Carnegie Wealth is headquartered
LocationHeadquarters
- HQ city
- Berwyn
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Carnegie Wealth business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Investment Advisory Services: Carnegie Wealth Management provides investment advisory services through Carnegie Wealth Management, LLC (CWM). The firm advises over 250 families, business owners, public company insiders, foundations and endowments. Revenue is generated through advisory fees based on assets under management (AUM), typical for registered investment advisors.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Custom investment advisory services |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
Carnegie Wealth product offering
Product offeringCore offering
Carnegie Wealth Management is an independent, employee-owned Registered Investment Advisor (RIA) that delivers investment advisory, financial planning, and wealth management services to high net worth individuals, families, business owners, public company insiders, foundations, and endowments across more than 20 states. The firm executes a structured five-step investment process covering financial planning, manager research and portfolio construction, ongoing portfolio monitoring and rebalancing, and performance reporting, supported by an Envestnet-powered client portal and a third-party lending platform.
Product overview
Carnegie Wealth Management is an independent, employee-owned investment management firm offering a comprehensive suite of wealth management services. The core offering includes a 5-step investment process encompassing financial and wealth planning, investment portfolio construction, portfolio monitoring and rebalancing, and investment performance reporting. The firm services high net worth individuals, families, business owners, foundations, and endowments. Recent enhancements include a client investor portal, integrated performance reporting platform, and third-party lending platform. The company operates as a Registered Investment Advisor (RIA) with offices in Berwyn and Yardley, Pennsylvania.
Differentiator
Problem solved
Functional benefit
Products and services
- Financial and Wealth Planning Comprehensive financial and wealth planning services that serve as the foundation for every investment portfolio, designed for the long-term benefit of high net worth individuals, families, business owners, foundations, and endowments.
- Investment Portfolio Construction Research and selection of investment managers to construct tailored investment portfolios based on optimized financial plans and each client's risk tolerance, leveraging the firm's manager research capabilities.
- Portfolio Monitoring and Rebalancing Ongoing oversight of client portfolios with recommendations for adjustments as client needs evolve and assets grow, including trading and rebalancing support.
- Investment Performance Reporting Customized reports detailing investment progression for client review, incorporating client feedback to adjust and improve portfolios.
Companies that use Carnegie Wealth
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Carnegie Wealth technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Carnegie Wealth partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- SchwabcoreSchwab serves as Carnegie's custodial partner and safekeeper of client investments. The firm adopted new portfolio construction and management technology with Schwab's support. Carnegie attended Schwab IMPACT 2019 Conference in San Diego where Scott Sheffer's insights were shared with approximately 5,000 attendees. Schwab introduced the Covered Bridge Advisors team to Carnegie for the 2022 acquisition.
Scale indicators3 records
Recent moves8 records
Expansion highlights5 records
Carnegie Wealth competitors and assessment
Company assessmentMarket position
Strengths4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Carnegie Wealth compliance and trust
Trust signalCompliance1 record
Carnegie Wealth financial estimates
Financial estimateRevenue estimate
Valuation estimate
Carnegie Wealth leadership team
Management profileNumber of profiles
Profiles7 records
Carnegie Wealth funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Carnegie Wealth M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Carnegie Wealth
What does Carnegie Wealth do?
Carnegie Wealth Management is an independent, employee-owned Registered Investment Advisor (RIA) that delivers investment advisory, financial planning, and wealth management services to high net worth individuals, families, business owners, public company insiders, foundations, and endowments across more than 20 states. The firm executes a structured five-step investment process covering financial planning, manager research and portfolio construction, ongoing portfolio monitoring and rebalancing, and performance reporting, supported by an Envestnet-powered client portal and a third-party lending platform.
Is Carnegie Wealth a public or private company?
Carnegie Wealth is a private company. It is classified as management employee owned and is currently operating.
When was Carnegie Wealth founded?
Carnegie Wealth was founded in 2017. It employs 1 to 10 people.
Where is Carnegie Wealth based?
Carnegie Wealth is headquartered in Berwyn, United States, in the North America region.
How does Carnegie Wealth make money?
One revenue line is on record: investment Advisory Services.
Does Carnegie Wealth have an API?
No public API is recorded for Carnegie Wealth.
What industry is Carnegie Wealth in?
Carnegie Wealth's product category is Wealth Management. Its primary akta.pro industry code is FSAAACAA, Comprehensive/Full-Service RIAs & Independent Wealth Managers, with a secondary code of FSAAACAB, Financial Planning–Led RIAs. Its NAICS code is 523940 and its SIC code is 6282.