Carnegie Wealth Management LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Carnegie Wealth Management is a small, state-registered advisory firm that serves individual and high-net-worth clients with tailored asset management and portfolio management services. The firm reports about 150 clients and delivers individualized portfolios composed of stocks, bonds, ETFs, options and other instruments.
The firm manages client accounts on a primarily non-discretionary basis—reporting $0 in discretionary assets and $65,000,000 in non-discretionary assets as of December 31, 2025—so clients retain final trading authority while the adviser provides recommendations and ongoing monitoring. Its investment work draws on a mix of fundamental, technical, quantitative and sector analyses and applies asset-allocation approaches (including strategic, dynamic, tactical and core-satellite) across equity and fixed-income strategies.
Noteworthy distinctions include recent regulatory disclosures: a principal was involved in a regulatory action that resulted in suspension and fines, and a prior customer dispute settled for $2.8 million with a significant personal contribution; the firm discloses that a principal is subject to heightened supervision under state order. The firm also recently removed its Financial Planning and Consulting advisory service and does not accept discretionary trading authority, which is less common among peers of this size.
Client services
Expertise
Fee options
up to 1.75% annually
Main office
La Canada CA
Advisors at this office
2
Most active in
California · Texas
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Advisors at this firm
Richard V
Series 63, Series 66
La Canada, CA
Carnegie Wealth Management LLC
Richard Villosis is a financial advisor at Carnegie Wealth Management LLC with 13 years of industry experience. He holds the Series 63 and Series 66 designations. Prior to joining Carnegie Wealth Management, Villosis worked for Western International Securities, Inc. for seven years and has been employed at Marathon Petroleum Corporation since 2005 as a process specialist. Carnegie Wealth Management is a state-registered advisory firm serving individual and high-net-worth clients with tailored asset and portfolio management services. The firm manages primarily non-discretionary accounts, employing a combination of fundamental, technical, quantitative, and sector analyses across various asset-allocation strategies.
Doron K
Series 63
La Canada, CA
Carnegie Wealth Management LLC
Doron Kochavi is a financial advisor at Carnegie Wealth Management LLC with 44 years of industry experience. He holds a Series 63 designation and previously worked at Western International Securities, Inc. for nine years. Outside of advising, he is involved in non-investment activities including roles as a member and co-general partner in Individual Public Storage and ownership interests in rental property entities. Carnegie Wealth Management is a state-registered advisory firm serving individual and high-net-worth clients with customized asset and portfolio management. The firm manages client accounts primarily on a non-discretionary basis, using a combination of fundamental, technical, quantitative, and sector analyses across equity and fixed-income strategies.
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