Carnegie Wealth Management, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$343,362,950
Clients
226
Advisors
2
of 6 employees
About
Carnegie Wealth Management is a registered investment adviser that serves individuals, high‑net‑worth individuals, trusts, estates, businesses and retirement plans. The firm’s team of four advisors provides discretionary and non‑discretionary portfolio management, financial planning and consulting for custodied accounts as well as for held‑away retirement and insurance‑related accounts.
The firm generally pursues a primarily long‑term, strategic asset allocation approach while employing tactical adjustments as market conditions warrant, using fundamental and technical analysis. Portfolios are customized and may include mutual funds, ETFs, individual equities and fixed income, REITs, structured investments and alternative assets; Carnegie Wealth monitors accounts regularly and conducts formal reviews at least annually, with more frequent oversight for held‑away plan accounts via a third‑party portfolio and order management system.
Compared with many peers, Carnegie Wealth routinely manages held‑away defined contribution and insurance‑related assets through a third‑party platform that enables oversight and rebalancing without taking custody of those assets. The firm discloses that a supervised person is licensed to sell insurance and that it receives certain third‑party benefits (including an institutional relationship with a major custodian) and referral fees for loan introductions, each of which it identifies as potential conflicts and addresses in its disclosures.
Client services
Expertise
Fee options
Fixed fee engagements for financial planning based on total estimated hours.
$0 - $1,500,000: 1.25% annually $1,500,001 - $2,500,000: 1.10% annually $2,500,001 - $5,000,000: 1.00% annually $5,000,001 - $7,500,000: 0.90% annually $7,500,001 - $10,000,000: 0.80% annually $10,000,001+: Negotiable
Up to $500 per hour for financial planning services.
Fee-only: Investment advisory fees based on tiered AUM schedule; Financial planning fees hourly up to $500/hour or fixed fee based on estimated hours; Fees negotiable.
Main office
850 Cassatt Road, Suite 225
Berwyn PA 19312
Advisors at this office
2
Most active in
California · Connecticut · Florida · Louisiana · Massachusetts · Michigan · New Hampshire · New Jersey · New York · Pennsylvania · 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.
Quick links
Advisors at this firm
Scott S
Series 63, Series 65
Berwyn, PA
Carnegie Wealth Management, LLC
Scott Sheffer is a financial advisor at Carnegie Wealth Management, LLC with 26 years of industry experience. He holds Series 63 and Series 65 credentials and has worked with Carnegie Wealth Management and affiliated firms since 2017. Outside of his advisory role, he is the owner of So Farr Holdings, LLC, a holding company related to his firm's ownership interests. Carnegie Wealth Management serves individuals, high-net-worth clients, trusts, estates, businesses, and retirement plans. The firm offers discretionary and non-discretionary portfolio management, financial planning, and consulting, emphasizing a long-term, strategic asset allocation approach with tactical adjustments based on market conditions.
Amy A
CFP®, Series 63, Series 66
Berwyn, PA
Carnegie Wealth Management, LLC
Amy Abromaitis is a CFP® with 28 years of industry experience, currently serving at Carnegie Wealth Management, LLC since 2010. She previously worked at The Strategic Financial Alliance from 2016 to 2022. Outside of advising, she manages a real estate business through Radar Enterprises, LLC. Carnegie Wealth Management serves individuals, high-net-worth clients, trusts, estates, businesses, and retirement plans, offering portfolio management and financial planning services. The firm employs a primarily long-term, strategic asset allocation approach with tactical adjustments, customizing portfolios using a range of investment types and monitoring accounts regularly.
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