Carnegie Wealth Management offers tailored investment advisory and financial planning services to individuals, high-net-worth clients, trusts, estates, businesses, and retirement plans. The firm uses a strategic and tactical asset allocation approach, constructing portfolios with individual stocks, bonds, exchange-traded funds, mutual funds, and alternative investments. Clients can choose between discretionary and non-discretionary management. In addition to managing accounts held directly at qualified custodians, Carnegie Wealth Management can oversee held-away accounts such as 401(k) plans and insurance-related accounts using specialized third-party systems. Financial planning services cover retirement, investment, education savings, and personal savings, delivered through written plans or ongoing consultations. The firm generally does not impose a minimum asset size for establishing a relationship.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.5M | 1.25% |
| $1.5M - $2.5M | 1.10% |
| $2.5M - $5.0M | 1.00% |
| $5.0M - $7.5M | 0.90% |
| $7.5M - $10.0M | 0.80% |
| $10M+ | 0.80% |
Fees are negotiable at the sole discretion of the advisor. Held-away defined contribution accounts are charged 1.00%, and held-away alternative assets are charged 3.00%.