The recognition comes less than two years after the firm launched in March 2023. Since then, Carnegie has grown to 26 team members collectively serving $2.2 billion in brokerage and advisory assets through LPL Financial.
What This Recognition Means
The Forbes | SHOOK ranking evaluates wealth management teams through quantitative data and qualitative interviews with nominated candidates. This year's list includes more than 6,100 teams overseeing a combined $8.3 trillion in client assets.
"This recognition reflects the work our entire team puts in every day," says Jordan Raniszeski, Senior Managing Partner at Carnegie Private Wealth. "From day one, our goal has been creating an environment where we can focus completely on client relationships, with the resources and support to actually deliver comprehensive wealth management."
The current market has shifted priorities for advisors and clients alike. After three consecutive years of strong S&P 500 returns, elevated valuations and geopolitical uncertainty have moved the conversation from chasing performance to managing risk and building resilient portfolios. Client needs have grown more complex too, spanning business transitions, executive compensation, multigenerational planning, and tax efficiency.
Why This Matters to Clients
The Forbes | SHOOK recognition evaluates both quantitative and qualitative factors through direct interviews. For clients and prospects, it provides third-party recognition of Carnegie's best practices and approach in a crowded marketplace.
"Recognition like this reflects our team's commitment to professional excellence," says Angie Ostendarp, Senior Managing Partner. "We believe clients find comfort knowing they're working with a firm that brings deep experience, sophisticated resources, and a genuine focus on their specific needs."
Carnegie's team includes 13 Certified Financial Planners® with over 130 years of combined experience. Through LPL Financial's Strategic Wealth Services, clients access institutional-level resources typically available only at much larger firms, paired with the personalized attention of a locally owned practice.
Important Disclosures:
Securities and advisory services offered through LPL Financial, a Registered Investment Advisor, member FINRA/SIPC.
Forbes Best-in-State Wealth Management Teams ranking was developed by SHOOK Research and is based on in-person, virtual and telephone due diligence meetings and a ranking algorithm that includes: a measure of each team’s best practices, client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms. Investment performance is not a criterion because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. SHOOK’s research and rankings provide opinions intended to help investors choose the right financial advisor and team, and are not indicative of future performance or representative of any one client’s experience. Past performance is not an indication of future results. Neither Forbes nor SHOOK Research receive compensation in exchange for placement on the ranking. For more information, please see www.SHOOKresearch.com. SHOOK is a registered trademark of SHOOK Research, LLC.
LPL Tracking #852087