{
  "crd_number": 150488,
  "slug": "carnegie-investment-counsel-pepper-pike-oh-150488",
  "primary_business_name": "CARNEGIE INVESTMENT COUNSEL",
  "legal_name": "CARNEGIE CAPITAL ASSET MANAGEMENT, LLC",
  "dbas": [],
  "city": "Pepper Pike",
  "state": "OH",
  "country": "United States",
  "cbsa_code": "17410",
  "metro": {
    "cbsa_code": "17410",
    "common_name": "Cleveland",
    "msa_name": "Cleveland, OH",
    "path": "/advisors/oh/cleveland"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2009-04-30",
  "years_registered": 17,
  "period": "2026-10-01",
  "filing_date": "2026-07-09",
  "carried_forward": false,
  "raum_total": 7513187008.0,
  "raum_discretionary": 6781231272.0,
  "raum_non_discretionary": 731955736.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 69,
  "advisory_employees": 39,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 404438419.0,
      "count": 77
    },
    "individuals": {
      "raum": 876011102.0,
      "count": 1870
    },
    "state_municipal": {
      "raum": 21027914.0,
      "count": null,
      "fewer_than_5": true
    },
    "insurance_companies": {
      "raum": 3088090.0,
      "count": null,
      "fewer_than_5": true
    },
    "pension_profit_sharing": {
      "raum": 76001554.0,
      "count": 13
    },
    "other_investment_advisers": {
      "raum": 188244561.0,
      "count": 6
    },
    "high_net_worth_individuals": {
      "raum": 5274055025.0,
      "count": 1186
    },
    "corporations_other_businesses": {
      "raum": 670320343.0,
      "count": 129
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "other",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 1,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "ID",
    "IL",
    "IN",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MT",
    "NC",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NY",
    "OH",
    "OR",
    "PA",
    "SC",
    "TN",
    "TX",
    "UT",
    "VA",
    "VT",
    "WA",
    "WV"
  ],
  "websites": [
    "https://carnegieinvest.com",
    "https://carroll-financial.com",
    "https://facebook.com/CARNEGIEINVEST",
    "https://instagram.com/CARNEGIEINVESTMENTCOUNSEL",
    "https://linkedin.com/SHOWCASE/THE-NONPROFIT-INVESTMENT-HUB",
    "https://linkedin.com/company/carnegieinvest",
    "https://x.com/CarnegieInvest",
    "https://youtube.com/@CARNEGIEINVESTMENTCOUNSEL",
    "https://youtube.com/@NONPROFITSTHATINVEST"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/150488",
  "disclosure_items": [
    {
      "item": "11.H(1)(b)",
      "question": "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?"
    }
  ],
  "city_as_filed": "PEPPER PIKE",
  "url": "https://advisorcensus.com/firm/carnegie-investment-counsel-pepper-pike-oh-150488",
  "display_name": "Carnegie Investment Counsel",
  "summary": "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.",
  "citation": "AdvisorCensus. Carnegie Investment Counsel (CRD 150488): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "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"
  ],
  "quick_answers": [
    {
      "q": "How is Carnegie Investment Counsel compensated?",
      "a": "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)."
    },
    {
      "q": "Where is Carnegie Investment Counsel located?",
      "a": "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)."
    },
    {
      "q": "Is Carnegie Investment Counsel registered with the SEC or a state?",
      "a": "Carnegie Investment Counsel is an SEC-registered investment advisory firm, registered since 2009. Status as filed: Approved. CRD 150488."
    },
    {
      "q": "How much does Carnegie Investment Counsel manage?",
      "a": "Carnegie Investment Counsel reports $7,513,187,008 in regulatory assets under management in its Form ADV filing dated July 9, 2026 (90% discretionary)."
    },
    {
      "q": "How have Carnegie Investment Counsel's assets and staff changed since 2021?",
      "a": "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."
    },
    {
      "q": "What types of clients does Carnegie Investment Counsel serve?",
      "a": "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)."
    },
    {
      "q": "Which custodians does Carnegie Investment Counsel use?",
      "a": "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."
    },
    {
      "q": "Does Carnegie Investment Counsel report any disciplinary disclosures?",
      "a": "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"
    },
    {
      "q": "What changed in Carnegie Investment Counsel's recent Form ADV filings?",
      "a": "In the August 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 2943018459.0,
      "total_employees": 49,
      "filing_date": "2021-05-11"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 3981844794.0,
      "total_employees": 53,
      "filing_date": "2022-05-23"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 3470336580.0,
      "total_employees": 54,
      "filing_date": "2023-10-03"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 4519647788.0,
      "total_employees": 58,
      "filing_date": "2024-03-22"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 6520130588.0,
      "total_employees": 70,
      "filing_date": "2025-04-01"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 7513187008.0,
      "total_employees": 69,
      "filing_date": "2026-07-09"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-08-01",
      "period_label": "August 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Item 11 disclosure answers changed: 1 yes answer, previously 0 (now yes: 11.H(1)(b))."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "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."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "National Financial Services LLC",
      "name_as_filed": "NATIONAL FINANCIAL SERVICES LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/carnegie-investment-counsel-pepper-pike-oh-150488.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 1870,
      "fewer_than_5": false,
      "raum": 876011102.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 1186,
      "fewer_than_5": false,
      "raum": 5274055025.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 13,
      "fewer_than_5": false,
      "raum": 76001554.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 77,
      "fewer_than_5": false,
      "raum": 404438419.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 21027914.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 6,
      "fewer_than_5": false,
      "raum": 188244561.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": null,
      "fewer_than_5": true,
      "raum": 3088090.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 129,
      "fewer_than_5": false,
      "raum": 670320343.0
    }
  ],
  "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/150488",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}