Our Approach

Our Mission

We Are Our Clients’ Chief Financial Officer

At Carnegie Private Wealth, we offer guidance on financial decisions so that clients can have a greater sense of clarity, confidence, and cohesion in their financial lives. We are here to help, guide, simplify the complex, and give back everyone’s most precious resource: time. Acting as a CFO to your CEO, we offer tailored insights and actionable advice to support informed, strategic decisions aligned with your vision for the future.

Our Financial Planning Process

We begin with what matters most to each client: defining their goals and objectives. Through our time-tested process, we craft a plan to pursue those goals efficiently while avoiding pitfalls, organizing every aspect of their financial life into our Planning Roadmap.

1Visions & Values

We begin by understanding each client’s vision for the future and core values, gaining a complete picture of their priorities, concerns, and ideal future.

2Plan Foundations

In a collaborative session, we use simulations and cash flow modeling to explore possibilities, balancing each client’s goals and aspirations with what’s achievable to create a sound plan.

3Investment Collaboration

We use advanced risk profiling and cash flow insights to assess a client’s risk tolerance, preferences, and investing behavior, creating the ideal portfolio through a collaborative conversation that considers all assets, whether with Carnegie or elsewhere.

4Estate Planning

This step begins with helping clients understand their estate plan, identify improvements, and learn key concepts. If updates are needed, we coordinate with their attorney to execute and oversee the process.

5360° Risk Assessment

No plan is complete without stress-testing life’s "what ifs." We assess insurance needs, evaluate coverage, and identify risks to help ensure a client’s plan remains stable through life’s uncertainties.

6The Planning Roadmap & Everything Sheet

At the end of the planning process, we provide two key documents: The Everything Sheet, detailing all financial accounts, policies, and documents, and The Planning Roadmap, outlining high level goals, action steps, and progress. Both are living documents, updated throughout our relationship with each client.

Our Investment Process

Many asset managers emphasize risk management but often fall short on clear strategies for addressing key risks. We address these through a comprehensive financial plan and data-driven investment process, using three levels of risk management to align investments with client goals.

LEVEL 1: Holdings Selection

Evaluation of investments to optimize risk and return equilibrium

We analyze stocks, bonds, mutual funds, and ETFs using a Confidence Rating based on performance, cost, and behavior in down markets. This ensures costs are justified, identifies consistent outcomes, and improves future performance predictions.

LEVEL 2: Model Creation

Construction utilizing mathematical elements and data points

A great portfolio is more than selecting strong individual holdings. We examine each holding's composition and how they interact to manage market risk. Our model creation process focuses on the collective dynamics of holdings to support a well-balanced portfolio and align with desired outcomes.

LEVEL 3: Tactical Adjustments

Adapting proactively to changing conditions

Historical data and common sense suggest holding more equities when markets and the economy are strong and reducing exposure when they weaken. Our data-driven process continuously evaluates trends to guide adjustments, relying on proven data rather than guesswork to help manage risk.

Client Relationship Model

We offer flexible access to our services with no account or relationship minimums. Whether clients prefer traditional wealth management or have unique needs, such as business owners, executives, or young families, we tailor our approach to serve everyone effectively.

1

Comprehensive Wealth Management

Financial Planning and Investment Management combined under a single asset management fee.

2

Project-Based Financial Planning

Provides a defined scope of service, with the option to transition to an ongoing retainer if needed.

3

Hybrid

Clients may begin with financial planning and later consolidate assets with Carnegie, reducing or eliminating their planning fee over time.

Our Technology

We invest in advanced financial technology to refine our planning and investment expertise, delivering greater value to our clients.

Tailored Financial Plans for Your Goals

Optimizing Tax Efficiency for Investors

Streamlined Portfolio Management

Financial Research and Proposal Platform

Investment Analytics & Portfolio Construction