Carnegie Wealth

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.

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

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

• Investment advisory services
• Wealth management
• Financial planning
• Portfolio management
• Asset management

Headquarters

HQ city

Berwyn

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. 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

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core 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.

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• SchwabcoreTechnology or Integration · 6 November 2019Schwab 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

Market position

Strengths4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Carnegie Wealth