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Carnegie Investment Counsel
Filed as CARNEGIE INVESTMENT COUNSEL · Legal name Carnegie Capital Asset Management, LLC
Carnegie Investment Counsel is an SEC-registered investment advisory firm in Pepper Pike, OH, registered since 2009, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 9, 2026.
Quick answers
From the filingHow is Carnegie Investment Counsel compensated?
On its Form ADV (Item 5.E, October 2026), Carnegie Investment Counsel reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).
Where is Carnegie Investment Counsel located?
Carnegie Investment Counsel's principal office is in Pepper Pike, OH, according to its Form ADV; the August 2026 filing also lists 10 other offices (Schedule D, Section 1.F).
Is Carnegie Investment Counsel registered with the SEC or a state?
Carnegie Investment Counsel is an SEC-registered investment advisory firm, registered since 2009. Status as filed: Approved. CRD 150488.
How much does Carnegie Investment Counsel manage?
Carnegie Investment Counsel reports $7,513,187,008 in regulatory assets under management in its Form ADV filing dated July 9, 2026 (90% discretionary).
How have Carnegie Investment Counsel's assets and staff changed since 2021?
In the Form ADV data for Carnegie Investment Counsel: Regulatory assets under management: $2,943,018,459 in the October 2021 data and $7,513,187,008 in the October 2026 data, up 155%. Total employees: 49 in October 2021 and 69 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Carnegie Investment Counsel serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,870); high net worth individuals (1,186); corporations or other businesses not listed above (129).
Which custodians does Carnegie Investment Counsel use?
Carnegie Investment Counsel's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets.
Does Carnegie Investment Counsel report any disciplinary disclosures?
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.H(1)(b) (court finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/150488
What changed in Carnegie Investment Counsel's recent Form ADV filings?
In the August 2026 filing data: Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AThe brochure lists different fees for different services or strategies. See the firm's brochure (dated April 17, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$7,513,187,008 as of October 2026, filing dated July 9, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Other
Registration and firm details
Items 1, 2, 5- Legal name
- Carnegie Capital Asset Management, LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2009 (17 years)
- Employees
- Total: 69. Performing investment advisory functions: 39.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- Other offices (Schedule D, Section 1.F)
-
10 other offices, as of the August 2026 filing
- States registered or notice-filed
-
37 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 111 Reports 1 disclosure item on Form ADV Item 11. View on IAPD.
Questions answered yes on this filing
Civil court matters Item 11.H
- 11.H(1)(b) Has a domestic or foreign court ever found that the firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations?
Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. What happened, and who was involved, is on the Disclosure Reporting Pages of the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $7,513,187,008 | 69 | July 9, 2026 |
| October 2025 | $6,520,130,588 | 70 | April 1, 2025 |
| October 2024 | $4,519,647,788 | 58 | March 22, 2024 |
| October 2023 | $3,470,336,580 | 54 | October 3, 2023 |
| October 2022 | $3,981,844,794 | 53 | May 23, 2022 |
| October 2021 | $2,943,018,459 | 49 | May 11, 2021 |
Regulatory assets under management: $2,943,018,459 in the October 2021 data and $7,513,187,008 in the October 2026 data, up 155%.
Total employees: 49 in October 2021 and 69 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- August 2026
- Updated its list of owners and control persons (Schedule A).
- May 2026
- Item 11 disclosure answers changed: 1 yes answer, previously 0 (now yes: 11.H(1)(b)).
- April 2026
- Employees performing advisory functions went from 40 to 39.
- Regulatory assets under management went from $6,520,130,588 to $7,513,187,008 (+15%).
- Added an office in Winter Park, FL.
- Registered or notice-filed in UT.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Carnegie Investment Counsel (CRD 150488): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/carnegie-investment-counsel-pepper-pike-oh-150488