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Updated September 28, 2026. Quick answer: Carnegie Investment Counsel is registered with the SEC as an investment adviser (CRD #150488, confirmed ACTIVE this session via SEC IAPD). Per its own current fee brochure, a $500,000 account would run $8,750 a year under its published fee schedule. Already a client and thinking about leaving? Budget $50 if Schwab custodies your account. This review covers what its own fee brochure and current SEC registration confirm today; it does not assess fiduciary status or account minimums.
Carnegie Investment Counsel at a glance
| Fact | What Carnegie Investment Counsel’s own pages say |
|---|---|
| Legal entity | Carnegie Investment Counsel |
| Registration | Carnegie Investment Counsel is registered with the SEC as an investment adviser (CRD #150488, confirmed ACTIVE this session via SEC IAPD). |
| Fee on a $500,000 account | $8,750 a year, per its own current brochure |
| Minimum to open an account | Not assessed in this review; see Item 5 of its Form ADV Part 2A |
| Cost to leave (exit fee) | $50 if Schwab custodies your account |
What Carnegie Investment Counsel’s own fee schedule charges
IAPD lists the firm as Carnegie Investment Counsel, with Carnegie Capital Asset Management, LLC as another name on record. The firm reported $6,781,231,272 in discretionary and $731,955,736 in non-discretionary assets under management as of December 31, 2025. The priced schedule is the firm’s maximum investment supervisory fee schedule for ordinary individual clients; the brochure states fees are negotiable and some clients hold grandfathered schedules.
“Assets Managed Annual Fee Up to $500,000 1.75% or less Over $500,000 1.50% or less Most clients are charged a flat fee according to the size of the account at the end of the previous calendar quarter. Our maximum fee schedule is listed above.”
Both published rates are maximums. At $250,000 the entire balance sits in the first bracket at 1.75%. At $500,000 the entire balance is still in that first bracket at 1.75%. At $1,000,000 and $2,000,000 the first $500,000 is priced at 1.75% and the remainder at 1.50%, with the two pieces summed. The brochure discloses no minimum annual fee for asset-based management, so no floor applies.
The table below is the firm’s own advisory fee schedule. Fund expenses, custodian charges and any third-party manager or platform fees are generally separate from an advisory fee like this one; Item 5 of the brochure lists what applies to a given account.
| Account balance | Annual fee |
|---|---|
| $250,000 | $4,375 |
| $500,000 | $8,750 |
| $1,000,000 | $16,250 |
| $2,000,000 | $31,250 |
These figures come directly from Carnegie Investment Counsel’s own current fee brochure, cited in Sources below.
Registration
Carnegie Investment Counsel is registered with the SEC as an investment adviser (CRD #150488, confirmed ACTIVE this session via SEC IAPD).
This is a registration confirmation only, not a fiduciary-standard verdict (a registered investment adviser can still be a dual registrant with a broker-dealer, which changes which standard applies in each capacity).
What it costs to leave
Carnegie Investment Counsel’s Form ADV Part 2A states “Generally, fees are paid quarterly in advance and in some cases in arrears, and clients may terminate their Agreement with written notice.” Carnegie Investment Counsel names two possible custodians in its brochure, with no single default. Charles Schwab & Co., Inc.’s own published fee schedule states “Full transfer (out) of assets” Fidelity Brokerage Services LLC / National Financial Services LLC discloses no comparable line item (an honest gap).
The general mechanics of switching financial advisors and a dated termination letter apply regardless of firm.
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- Form ADV Part 2A (April 16, 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1041784
- SEC IAPD firm summary (CRD #150488, checked September 28, 2026): https://adviserinfo.sec.gov/firm/summary/150488
Methodology. This page was built September 28, 2026, drawing directly on Carnegie Investment Counsel’s own current fee brochure, cited in Sources below, and a fresh SEC IAPD registration check run the same day. Where exit-fee facts are cited, they trace to the named custodian’s own published schedule. Any fact we could not independently confirm is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice, and it is not a substitute for reading Carnegie Investment Counsel’s own Form ADV Part 2A and Form CRS. We have not used Carnegie Investment Counsel as a client. Carnegie Investment Counsel did not pay for, review, or influence this content. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
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