Carnegie Wealth Management and Carlyle Wealth Management have transitioned to Strategic Financial Alliance’s (SFA) broker-dealer and RIA platforms.
Together, the two independent financial advisory firms bring a total of USD350 million in client brokerage and fee-based advisory assets to SFA.
Clive Slovin, CEO of the Strategic Financial Alliance, says: “We are delighted to welcome both Carnegie Wealth Management and Carlyle Wealth Management to the SFA community, and look forward to providing them with the personalised services and innovative, open-architecture investments that will help them grow their businesses and fulfil their clients’ long-term financial goals.”
Located outside Philadelphia, Carnegie Wealth Management provides professional investment consulting services to retirement plan administrators, foundations, corporations and high net worth individuals and families nationwide. Founded in 1985 by its chairman Roy A. Johnston, Carnegie is run by Johnston and his business partner Matthew D. Kelly, CEO, who are assisted by three additional support staff members.
Johnston says: “We’re enthusiastic about our transition to SFA, with its boutique culture, careful due diligence of investment products, and unique, advisor-owned community. Many of our clients have already expressed to us their keen interest in some of the carefully targeted solutions that we will now be able to bring to their diversified investment portfolios.”
Carlyle Wealth Management, with offices in both Atlanta and Albany, Georgia, is an independent, full-service financial planning and advisory firm with a client base extending throughout the US. Carlyle’s services include retirement planning, investment planning and insurance solutions for high net worth investors, retirees, and their families. Founded in 1988 by co-chief executive Sharon Budnik, who now manages the firm with co-chief executive Alan Anderson, Carlyle has a total of four financial advisers and two professional support staff.
Budnik says: “I have known Clive Slovin for over 20 years and he has proven to be a man of the highest integrity, knowledge and vision for our industry. With an ‘open door’ philosophy, Clive and his group of top executives maintain a strong commitment to serving advisers and their clients with outstanding compliance and research, while remaining flexible and innovative in providing solutions for reaching clients’ goals. SFA’s team approach with its advisers, and its willingness to discuss complex situations in an effort to find well-conceived opportunities for their clients, has been instrumental in motivating us to transition to SFA.”