Carnegie Lake Advisors LLC logo

Carnegie Lake Advisors LLC

Updated today

Client assets under management

$386,230,344

Clients

209

35% high-net-worth

Advisors

7

of 7 employees

Firm type

Team

5-30 advisors or >$500M in AUM

Clients per advisor

30

Very Low

Average account size

$1,847,992

About

Carnegie Lake Advisors LLC provides individualized investment advisory and portfolio management services to a mix of individual and high‑net‑worth clients, as well as trusts, pension and business entities. The firm’s brochure reports $402,998,913 in regulatory assets under management and describes portfolios that may include individual stocks, bonds, ETFs, mutual funds, options and private securities.

The firm emphasizes tailored asset management with continuous monitoring and periodic rebalancing, generally using an asset‑allocation framework that can be strategic, dynamic, tactical or core‑satellite. Its stated methods of analysis include fundamental, qualitative and cyclical approaches, and the firm notes specific practices such as duration constraints for fixed income and use of both short‑ and long‑term holdings (including options strategies).

Distinctive disclosures in the brochure include that the firm is affiliated with other investment‑industry activities and related‑party roles, noting that representatives may also be licensed as insurance agents or brokers but will not offer insurance products to the firm’s clients. The brochure also discloses a 2017 consent order involving a firm compliance officer related to registration matters, and describes the firm’s custodial relationship with a major broker‑dealer that provides institutional support services.

Client services

Portfolio management

Expertise

Options & derivatives strategies

Want help finding the right advisor?

Answer a few questions to see advisors matched to you.

Fee options

Percentage

Maximum 1.50% annually, billed quarterly in arrears on a pro-rata basis

Other

Account minimum: $250,000

Main office location

Carnegie Lake Advisors LLC

100 Overlook Center, 2 Nd Floor

Princeton NJ 08540, United States

Number of offices

1

Most active in

California · Florida · New Hampshire · New Jersey · New York · Texas · Washington

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Cheryl H

Series 63

Princeton, NJ

Carnegie Lake Advisors LLC

Cheryl Harris is a financial advisor at Carnegie Lake Advisors LLC with 41 years of industry experience. She holds a Series 63 designation and has previously worked at Highlander Capital Management LLC and Highlander Capital Group, Inc. Carnegie Lake Advisors LLC provides individualized investment advisory and portfolio management services to individuals, high-net-worth clients, trusts, pension plans, and business entities. The firm employs a tailored asset management approach with continuous monitoring and a variety of analytical methods within a strategic asset-allocation framework.

Options & derivatives strategies
user avatar

Bruce A

Series 63

Princeton, NJ

Carnegie Lake Advisors LLC

Bruce Altschuler is a financial advisor at Carnegie Lake Advisors LLC with 41 years of industry experience. He holds the Series 63 designation and has previously worked at Highlander Capital Group, Inc. and Highlander Capital Management, LLC. Carnegie Lake Advisors LLC offers personalized investment advisory and portfolio management services to individual and high-net-worth clients, as well as trusts, pension plans, and business entities. The firm employs a tailored asset-allocation approach with continuous monitoring and uses a variety of investment strategies, including fundamental, qualitative, and cyclical analysis.

Options & derivatives strategies
user avatar

Ryan M

CFP®, Series 65

Princeton, NJ

Carnegie Lake Advisors LLC

Ryan Macwright is a CFP® with 18 years of industry experience, currently serving as an advisor at Carnegie Lake Advisors LLC since 2024. He has worked at Highlander Capital Management, LLC since 2007 and holds portfolio management and managing member roles in affiliated hedge fund and futures management entities. Carnegie Lake Advisors LLC provides individualized investment advisory and portfolio management services to individuals, high-net-worth clients, trusts, pension plans, and business entities. The firm uses a tailored asset-allocation approach that incorporates fundamental, qualitative, and cyclical analyses, emphasizing continuous monitoring and periodic rebalancing.

Options & derivatives strategies
user avatar

Richard M

Series 63

Princeton, NJ

Carnegie Lake Advisors LLC

Richard Martino is a financial advisor with Carnegie Lake Advisors LLC in Princeton, NJ, holding a Series 63 designation and 44 years of industry experience. His prior roles include long-term positions at Highlander Capital Management, LLC and Highlander Capital Group, Inc. He joined Carnegie Lake Advisors in 2024 as part of a seven-member team. Carnegie Lake Advisors LLC provides individualized investment advisory and portfolio management services to individuals, high-net-worth clients, trusts, pension plans, and business entities. The firm employs a tailored asset-allocation approach with continuous monitoring and periodic rebalancing, using fundamental, qualitative, and cyclical analysis methods.

Options & derivatives strategies
user avatar

Philip K

Series 63, Series 66

Princeton, NJ

Carnegie Lake Advisors LLC

Philip Kiernan Jr. is a financial advisor at Carnegie Lake Advisors LLC with 31 years of industry experience. He holds Series 63 and Series 66 licenses and has worked previously at Highlander Capital Management LLC. Outside of advisory work, he is involved with RLM Agency, where he acts as a general agent for term and life insurance products. Carnegie Lake Advisors LLC offers personalized investment advisory and portfolio management services to individuals, high-net-worth clients, trusts, pension, and business entities. The firm manages a diverse range of portfolios using strategic, dynamic, tactical, or core-satellite asset-allocation frameworks and employs fundamental, qualitative, and cyclical analysis methods.

Options & derivatives strategies
user avatar

Ellen S

Series 63

Princeton, NJ

Carnegie Lake Advisors LLC

Ellen Sandler is a financial advisor at Carnegie Lake Advisors LLC with 45 years of industry experience. She holds a Series 63 designation and has worked at Highlander Capital Management, LLC since 1997. Outside of her advisory roles, she serves as senior portfolio manager and managing member of a hedge fund and related entities. Carnegie Lake Advisors LLC provides investment advisory and portfolio management services to individuals, high-net-worth clients, trusts, pension plans, and business entities. The firm employs a tailored asset allocation approach with ongoing monitoring and rebalancing, utilizing fundamental, qualitative, and cyclical analysis methods.

Options & derivatives strategies
user avatar

Eckart W

Series 63

Princeton, NJ

Carnegie Lake Advisors LLC

Eckart Weeck is a financial advisor at Carnegie Lake Advisors LLC with 43 years of industry experience. He holds a Series 63 designation and has previously worked at Highlander Capital Management LLC and Highlander Capital Group, Inc. He is also a senior portfolio manager and managing member of a hedge fund, Highlander Bank Holdings, LLC. Carnegie Lake Advisors LLC provides individualized investment advisory and portfolio management services to individual and high-net-worth clients, as well as trusts, pension, and business entities. The firm employs a tailored asset management approach using strategic, dynamic, tactical, or core-satellite asset allocation frameworks and incorporates fundamental, qualitative, and cyclical analysis methods.

Options & derivatives strategies
Warmer team member

Not sure where to start?

We'll help you think it through — whether you ultimately need an advisor or not.

Warmer helps you compare advisors clearly — so you can choose with confidence.

Find your advisor
Discover

Compare top advisor firms by metric, firm size, and location.

Warmer provides personalized recommendations and introductions to independent fiduciary advisors. We do not supervise advisors, manage or hold assets, guarantee performance, or provide advice about specific investments.

Each advisor listed on our site is an independent fiduciary responsible for their own advice. Warmer may receive fees from advisors for participation or referrals; these fees are paid by advisors and do not affect the fees clients pay for advisory services.

For advisor listings, we rely on sources including public filings and data provided by advisors, and we cannot guarantee that all information is current or accurate. Please review an advisor's Form ADV and do your own diligence before entering into an advisory relationship.

By using our service, you agree to Warmer's Terms of Service and Advisory Agreement and Privacy Policy. Logos provided by Logo.dev

© 2026 Warmer Holdings Inc. ("Warmer")