{"url":"https://nivawealth.com/firms/carnegie-wealth-management-290430","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/290430","regulatoryAum":357101202,"crd":"290430","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1796733","suffix":null,"lastName":"ABROMAITIS","firstName":"AMY","middleName":"GRACE"},{"crd":"3109236","suffix":null,"lastName":"SHEFFER","firstName":"SCOTT","middleName":"TAYLOR"}],"total":2,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-02-08","regulatoryAum":145212003,"clients":303,"employees":4,"offices":1},{"filedOn":"2022-05-12","regulatoryAum":154585415,"clients":117,"employees":8,"offices":1},{"filedOn":"2023-06-26","regulatoryAum":214008000,"clients":268,"employees":6,"offices":2},{"filedOn":"2024-07-15","regulatoryAum":303636393,"clients":259,"employees":6,"offices":2},{"filedOn":"2025-01-13","regulatoryAum":333639773,"clients":255,"employees":6,"offices":2},{"filedOn":"2026-01-20","regulatoryAum":357101202,"clients":229,"employees":6,"offices":2}],"acquisitions":[{"date":"2022-06-22","datePrecision":"day","name":"Covered Bridge Advisors","crd":"291598","source":"adv_w","dealType":"acquisition","sellerAum":123853315,"sellerAumDate":"2021-03-16","sourceUrl":"https://adviserinfo.sec.gov/firm/summary/291598"}],"secFileNumber":"801-114906","legalName":"Carnegie Wealth Management, LLC","displayName":"Carnegie Wealth Management","slug":"carnegie-wealth-management-290430","website":"https://carnegiewealth.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/290430/3140bb5eb571f607-r1.webp","tone":"light","width":706,"height":200,"sourceUrl":"https://carnegiewealth.com/who-we-are/we-are-carnegie","sourceLabel":"Carnegie Wealth Management, LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/8431836/admin/","founded":"2017","organization":"Pennsylvania limited liability company","fiscalYearEnd":"December","headquarters":{"street":"850 Cassatt Road, Suite 225","city":"Berwyn","state":"PA","stateName":"Pennsylvania","country":"United States","postalCode":"19312"},"tradeNames":[],"registration":{"secApproved":"26 March 2019","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1519305.0884955751,"staff":{"employees":6,"advisory":4,"brokerDealerReps":0,"insuranceAgents":1,"promoters":0},"aum":{"regulatory":357101202,"discretionary":309247252,"discretionaryAccounts":784,"nonDiscretionary":47853950,"nonDiscretionaryAccounts":135,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":133,"regulatoryAum":76276816},{"label":"High-net-worth individuals","clients":93,"regulatoryAum":267086134},{"label":"Pension and profit-sharing plans","clients":3,"fewerThan5":true,"regulatoryAum":13738252}],"feePrograms":[{"role":"main","program":"Investment Management Services","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1002619","versionId":1002619,"ratePeriod":"annual","fee_billing":"both","submittedOn":"2026-01-20","documentName":"CARNEGIE WEALTH MANAGEMENT DISCLOSURE BROCHURE, BROCHURE SUPPLEMENT AND PRIVACY POLICY","fee_rate_low":0.8,"fee_rate_high":1.25,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning Services","summary":"Hourly engagements range up to $500 per hour, or a fixed fee based on the hours expected; fees may be negotiable.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1002619","versionId":1002619,"submittedOn":"2026-01-20","documentName":"CARNEGIE WEALTH MANAGEMENT DISCLOSURE BROCHURE, BROCHURE SUPPLEMENT AND PRIVACY POLICY"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T10:24:01.614268+00:00","documents":[{"name":"CARNEGIE WEALTH MANAGEMENT DISCLOSURE BROCHURE, BROCHURE SUPPLEMENT AND PRIVACY POLICY","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1002619","versionId":1002619,"submittedOn":"2026-01-20"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":333811202}],"custodyNote":"Carnegie Wealth Management does not have custody of client assets.","leadership":[{"name":"Scott Sheffer","title":"Chief Executive Officer and Chief Compliance Officer","crd":"3109236"}],"ownership":[{"label":"So Farr Holdings, LLC","detail":"Holding company in the 75% or more ownership band and a control person, since October 2017."},{"label":"Scott Sheffer","detail":"Indirect owner: a ceo of So Farr Holdings, LLC in the 75% or more band and a control person, since October 2017.","parent":"So Farr Holdings, LLC"}],"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"Pennsylvania","offices":2,"addresses":[{"street":"850 Cassatt Road, Suite 225","city":"Berwyn","headquarters":true},{"street":"1790 Yardley-Langhorne Road","city":"Yardley"}]}],"brochureServices":["education planning","retirement plan services"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"610-640-4300","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"11-25","assetMix":[{"label":"Exchange-traded equity securities","percent":52},{"label":"U.S. state and local bonds","percent":15},{"label":"Sovereign bonds","percent":1},{"label":"Investment grade corporate bonds","percent":11},{"label":"Securities issued by registered investment companies or business development companies","percent":17},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":3},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":0},"sources":{"adv1FilingDate":"20 January 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/290430/PDF/290430.pdf","brochureDate":"20 January 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1002619","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Carnegie Wealth Management have?","answer":"Carnegie Wealth Management has 229 clients and manages $357 million for them, as of January 2026. They include 133 individual clients, 93 high-net-worth individuals, and 3 pension and profit-sharing plans.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 20 January 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Carnegie Wealth Management offer?","answer":"Carnegie Wealth Management provides financial planning, portfolio management for individuals and small businesses, selecting other managers, education planning, and retirement plan services.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Carnegie Wealth Management charge?","answer":"Carnegie Wealth Management charges 0.80%–1.25% a year for its Investment Management Services. The fee is billed in advance or in arrears and is negotiable.","source":"CARNEGIE WEALTH MANAGEMENT DISCLOSURE BROCHURE, BROCHURE SUPPLEMENT AND PRIVACY POLICY, filed 20 January 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Carnegie Wealth Management use?","answer":"Carnegie Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $334M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 20 January 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Carnegie Wealth Management have?","answer":"Carnegie Wealth Management has 2 investment adviser representatives registered with state securities authorities, out of 6 employees, and 4 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Carnegie Wealth Management invest in?","answer":"At the end of its last fiscal year, Carnegie Wealth Management’s separately managed accounts held 52% exchange-traded equities, 17% registered funds (mutual funds, ETFs, BDCs), 15% state and local bonds, 11% investment grade corporate bonds, 3% pooled vehicles (private funds and similar), 1% sovereign bonds and 1% cash and equivalents.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Carnegie Wealth Management?","answer":"Carnegie Wealth Management is owned through a holding company by Scott Sheffer. Its direct owner is So Farr Holdings, LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 20 January 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Carnegie Wealth Management get paid?","answer":"Carnegie Wealth Management is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Carnegie Wealth Management registered with the SEC?","answer":"Yes, Carnegie Wealth Management has been registered with the SEC as an investment adviser since 26 March 2019. Its CRD number is 290430 and its SEC file number is 801-114906.","source":"Form ADV Part 1A, Item 1, filed 20 January 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Carnegie Wealth Management?","answer":"Carnegie Wealth Management’s main office is at 850 Cassatt Road, Suite 225, Berwyn, PA 19312. Its phone number is 610-640-4300. Its website is carnegiewealth.com.","source":"Form ADV Part 1A, Item 1.F, filed 20 January 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}