DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
SEC-registered adviser
A•••••••• F•••••••• G••••
Latest filing Aug 24, 2026
First filing on the tape Mar 29, 2012 · 31 filings
SEC status approved since Jan 17, 1977
RAUM
$5.6B
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
95%
$5.3B individuals and HNW
Advisors
30
registered through the firm on IAPD
RAUM per advisor
$186M
derived; firm RAUM over IAPD count
Employees
103
28 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
13
reported on Schedule D
History
31 filings and snapshots on the tape
RAUM$5.6B as of Aug 24, 2026
Mar 29, 2012$3.0B then
HNW client RAUM$4.5B as of Aug 24, 2026
Mar 29, 2018$1.8B then
State-registered IARs (5.B.3)28 as of Aug 24, 2026
Mar 29, 20120 then
Employees (5.A)103 as of Aug 24, 2026
Apr 1, 201374 then
Private funds13 as of Aug 24, 2026
Mar 29, 20126 then
RAUM +14% over the last fiscal year+14% a year over threeIARs 33 to 28
Practice profile
derived from the filing of Aug 24, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
- RIA with heavy alternatives · a wealth manager whose private fund gross assets are at least 25 percent of RAUM, or five or more private funds
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $186MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 131derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.4MderivedHNW RAUM over HNW clients
- Average account
- $398,688derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 98%derivedof RAUM
- Institutional
- 1.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 3.4derivedItem 5.A over advisors
- Advisors per office
- 30.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +14%derivedbetween the last two annual amendments
- Advisor growth, one year
- -15%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +0.5%derived
- Compensation
- percentage of assets, hourly, fixed fees, otherreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
- Financial planning clients
- 3,500reportedItem 5.H
- Wrap fee program
- $5.6BreportedItem 5.I
- Custody
- $81.4M, 37 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$4.5B80%
- Individuals$803M14%
- Pooled investment vehicles$156M2.8%
- Corporations and businesses$72.6M1.3%
- Charitable organizations$47.3M0.8%
- Pension and profit-sharing plans$16.1M0.3%
- Individual clients
- 2,583reported
- HNW clients
- 1,337reported
- Pension plan clients
- 5reported
- Charitable clients
- 20reported
- Accounts
- 14,030reported
- Financial planning clients
- 3,500reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- $81.4M for 37 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.95 fund_share=0.03 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
30 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| M•••••• A•••••• M••••••••• | Pittsburgh, Pa | Jun 17, 1994 | 34 y | 1 |
| R•• S••••• H••••Certified Financial Planner | Pittsburgh, Pa | Jan 20, 1998 | 32 y | 1 |
| J••••••• A• K•••Certified Financial Planner | Pittsburgh, Pa | Nov 16, 1998 | 32 y | 1 |
| B•••••• J•••• H•••••Certified Financial Planner | Pittsburgh, Pa | Apr 30, 1999 | 30 y | 1 |
| N•••• D•••• M••••Certified Financial Planner | Pittsburgh, Pa | May 3, 2007 | 38 y | 1 |
| D•••• M•••••• J••••Certified Financial Planner | Pittsburgh, Pa | Mar 30, 2012 | 34 y | 1 |
| D•••• B•••• H•••Certified Financial Planner | Pittsburgh, Pa | Mar 13, 2013 | 27 y | 1 |
| R•••• S••••• B•••Certified Financial Planner | Pittsburgh, Pa | Mar 13, 2013 | 28 y | 1 |
| J••• R••• W••••••Certified Financial Planner | Pittsburgh, Pa | Mar 13, 2013 | 18 y | 1 |
| M•••••• D••••• K••••Certified Financial Planner | Pittsburgh, Pa | Mar 13, 2013 | 18 y | 1 |
| C•••• P•••••• W•••••Certified Financial Planner | Pittsburgh, Pa | Apr 22, 2013 | 27 y | 1 |
| W•••• S••••• S•••Certified Financial Planner | Pittsburgh, Pa | Apr 9, 2014 | 14 y | 1 |
| I•• D••••• C••••••••Certified Financial Planner | Pittsburgh, Pa | Oct 21, 2014 | 13 y | 1 |
| K•••••• L••••• B••••Certified Financial Planner | Pittsburgh, Pa | Jul 11, 2017 | 10 y | 1 |
| E••• J• M•••••Certified Financial Planner | Pittsburgh, Pa | Oct 12, 2017 | 9 y | 1 |
| M••••••• B•••••Certified Financial Planner | Pittsburgh, Pa | Feb 4, 2022 | 10 y | 4 |
| C••••••• A•• C••••••Certified Financial Planner | Pittsburgh, Pa | Dec 11, 2023 | 10 y | 1 |
| C••••••••• T••••• S••••Certified Financial Planner | Pittsburgh, Pa | Jan 19, 2024 | 10 y | 1 |
| B••••••• R••••• G•••Certified Financial Planner | Pittsburgh, Pa | Jan 19, 2024 | 12 y | 1 |
| M•••• J•••••••• K•••••Certified Financial Planner | Pittsburgh, Pa | Aug 23, 2024 | 10 y | 0 |
| J••••• C•••••• C••••Chartered Financial Analyst | Mcmurray, Pa | Sep 3, 2024 | 11 y | 0 |
| C•••••• R•••••••••Certified Financial Planner | Pittsburgh, Pa | Dec 20, 2024 | 16 y | 0 |
| T•••• L•• K••••Certified Financial Planner | Pittsburgh, Pa | Jan 2, 2025 | 23 y | 1 |
| M•••••• D•••• H•••••Certified Financial Planner | Pittsburgh, Pa | Jan 2, 2025 | 10 y | 1 |
| M•••••• R••• J••••••Certified Financial Planner | Pittsburgh, Pa | Jan 2, 2025 | 12 y | 1 |
| J•••• E• G•••••Certified Financial Planner | Pittsburgh, Pa | Jan 2, 2025 | 20 y | 1 |
| J••••• A••• M••••••••• | Pittsburgh, Pa | Jan 2, 2025 | 20 y | 2 |
| M•••••• D••••Certified Financial Planner | Pittsburgh, Pa | Jan 3, 2025 | 11 y | 2 |
| A•••• I•••• E•••• W•••••Certified Financial Planner | Pittsburgh, Pa | Feb 25, 2026 | 11 y | 0 |
| C•••• R••••• D•••• B••Certified Financial Planner | Pittsburgh, Pa | May 28, 2026 | 13 y | 3 |
Advisor movement
2 left, 1 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 6.7% of current headcount5 left over 36 months
Left, latest
- J•••••• K••• to F••••Feb 20, 2026 · RIA to RIA
- J•••• D••••• D••••••• to N••••••• A•••••••• L••Oct 3, 2025 · RIA to RIA
- L••••• M• W•••••• to F••••••Feb 12, 2025 · Affiliated broker-dealer or bank to independent RIA
- N•••••••• R••• D••••••••• to S•••••••• F•••••••• C•••••••• L••Dec 20, 2024 · Affiliated broker-dealer or bank to independent RIA
- M••• A••••• M•••••• to A•••••••• I•••••••••Dec 16, 2024 · Other
- P••••• R••••• to S••••••• I••••••••• I•••Oct 12, 2017 · Other
- W•••••• B•••• M•••••• to R•••••• J•••• F•••••••• S••••••• A•••••••• I••Sep 26, 2017 · Other
- R••••• A•• R•••••• O••• to A•••••••• I•••••••••Mar 21, 2007 · Other
Joined, latest
- C•••• R••••• D•••• B•• from K•• I••••••••• S••••••• L••May 28, 2026 · Affiliated broker-dealer or bank to independent RIA
- P••••• R••••• from A•••••••• I•••••••••Jan 17, 2014 · Other
- W•••••• B•••• M•••••• from A•••••••• I•••••••••Jan 16, 2014 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for A•••••••• I•••••••••Dec 16, 2024 · Pittsburgh, Pa
- 24 joined from A•••••••• I•••••••••Dec 31, 2024 · Pittsburgh, Pa · Firm absorbed
Private funds
13 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| A•• I••••••••• P••••••• I• L• | Hedge Fund | $40.1M | 4 | Mar 28, 2012 |
| A•• I••••••••• P••••••• L• | Hedge Fund | $28.9M | 4 | Mar 28, 2012 |
| A•• I••••••••• P••••••• I• L• | Hedge Fund | $24.6M | 4 | Mar 28, 2012 |
| A•• G••••• P••••••• | Hedge Fund | $23.8M | 4 | Mar 28, 2012 |
| A•• I••••••••• P••••••• I•• L• | Hedge Fund | $19.2M | 4 | Mar 28, 2012 |
| A•• A••••••• P••••••• L• | Hedge Fund | $17.3M | 4 | Mar 27, 2015 |
| A•••••• | Private Equity Fund | $5.0M | 3 | Mar 30, 2024 |
| A•••••• | Private Equity Fund | $3.9M | 3 | Mar 29, 2021 |
| A••••••• I• | $3.9M | 3 | Aug 24, 2026 | |
| A•• • G••••••• | $3.1M | 2 | Aug 24, 2026 | |
| A•••••• I• | Private Equity Fund | $2.9M | 3 | Mar 31, 2022 |
| P••• I•• | $2.4M | 2 | Aug 24, 2026 | |
| A•• R••• E••••• O••••••••• F••• L• | Real Estate Fund | $1.7M | 4 | Mar 28, 2012 |
Owners and control persons
Schedule A and B, latest filing
- B•••• R••••• S••••• · Directorcontrolsince 11/2007 · owns 5% to 10%
- C••••• J•••••• C•••••• · Ciocontrolsince 05/2026 · owns less than 5%
- H•••••••• S••••••• T••••• · Ccocontrolsince 01/2015 · owns less than 5%
- H•••• D••••• B•••• · Directorcontrolsince 06/2011 · owns 5% to 10%
- H•••••• B••••••• J•••• · Director/Presidentcontrolsince 02/2007 · owns 25% to 50%
- H••••••• J••••• P••••••• · Presidentcontrolsince 04/2026 · owns less than 5%
- H••••• R••• S••••• · Directorcontrolsince 03/2004 · owns 5% to 10%
- J••••• D••••• M•••••• · Directorcontrolsince 07/2017 · owns 5% to 10%
- K•••• J•••••••• A• · Directorcontrolsince 02/2007 · owns 25% to 50%
- M••••••• M•••• A••••• · Directorcontrolsince 07/2015 · owns 5% to 10%
- M••••••••• M••••••• A•••••• · Directorcontrolsince 11/2007 · owns 5% to 10%
- S••••••••• J•••••••• S•••• · Directorcontrolsince 02/2007 · owns 5% to 10%
Related persons
Schedule D 7.A
- A•• A•••••••• L•pooled vehicle sponsorn
- A•• R••••• A•••••••• L•pooled vehicle sponsorn
- A•••••••• I•••••••••broker-dealerinvestment adviserreal estatenRAUM $742M
Advisers that list A•••••••• F•••••••• G•••• as a related person
- 7597 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Pittsburgh, Pa · principal | 30 | 2 | 2 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
11 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing Aug 24, 2026H••••••• J••••• P••••••• (PRESIDENT) appeared on Schedule A between the filings of 2018-03-29 and 2026-08-24peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Aug 24, 2026C••••• J•••••• C•••••• (CIO) appeared on Schedule A between the filings of 2018-03-29 and 2026-08-24peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Aug 24, 2026J••••• D••••• M•••••• (DIRECTOR) left Schedule A between the filings of 2018-03-29 and 2026-08-24peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Aug 24, 2026K•••• J•••••••• A• (DIRECTOR) left Schedule A between the filings of 2018-03-29 and 2026-08-24peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Aug 24, 2026H••••• R••• S••••• (DIRECTOR) left Schedule A between the filings of 2018-03-29 and 2026-08-24peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Aug 24, 2026S••••••••• J•••••••• S•••• (DIRECTOR) left Schedule A between the filings of 2018-03-29 and 2026-08-24peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Aug 24, 2026B•••• R••••• S••••• (DIRECTOR) left Schedule A between the filings of 2018-03-29 and 2026-08-24peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Aug 24, 2026H•••••• B••••••• J•••• (DIRECTOR/PRESIDENT) left Schedule A between the filings of 2018-03-29 and 2026-08-24peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Aug 24, 2026H•••• D••••• B•••• (DIRECTOR) left Schedule A between the filings of 2018-03-29 and 2026-08-24peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Aug 24, 2026M••••••• M•••• A••••• (DIRECTOR) left Schedule A between the filings of 2018-03-29 and 2026-08-24peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Aug 24, 2026M••••••••• M••••••• A•••••• (DIRECTOR) left Schedule A between the filings of 2018-03-29 and 2026-08-24peers: independent wealth managers, $5B to $20B (289)
What changed
consecutive filings, newest first
- Accounts · 12,950 to 14,030Aug 20, 2025 to Mar 31, 2026
- Advisory activities · 4 to 5Aug 20, 2025 to Mar 31, 2026
- Business name · A•••••••• F•••••••• G•••• L•• to A•••••••• F•••••••• G••••Aug 20, 2025 to Mar 31, 2026
- Charity clients · 21 to 20Aug 20, 2025 to Mar 31, 2026
- Corporate clients · 15 to 13Aug 20, 2025 to Mar 31, 2026
- HNW clients · 1,211 to 1,337Aug 20, 2025 to Mar 31, 2026
- Individual clients · 2,689 to 2,583Aug 20, 2025 to Mar 31, 2026
- Pension plan clients · 6 to 5Aug 20, 2025 to Mar 31, 2026
- Assets in custody · $77.8M to $81.4MAug 20, 2025 to Mar 31, 2026
- Employees · 105 to 103Aug 20, 2025 to Mar 31, 2026
- State-registered IARs · 33 to 28Aug 20, 2025 to Mar 31, 2026
- Discretionary RAUM · $4.8B to $5.5BAug 20, 2025 to Mar 31, 2026
- HNW RAUM · $3.8B to $4.5BAug 20, 2025 to Mar 31, 2026
- Individual RAUM · $850M to $803MAug 20, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $102M to $121MAug 20, 2025 to Mar 31, 2026
- Pension RAUM · $14.8M to $16.1MAug 20, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $178M to $156MAug 20, 2025 to Mar 31, 2026
- RAUM · $4.9B to $5.6BAug 20, 2025 to Mar 31, 2026
- Pooled vehicle clients · 10 to 13Apr 1, 2025 to Aug 20, 2025
- Private funds · 10 to 13Apr 1, 2025 to Aug 20, 2025
- Accounts · 12,226 to 12,950Oct 4, 2024 to Apr 1, 2025
- Advisory employees · 34 to 28Oct 4, 2024 to Apr 1, 2025
- BD registered reps · 59 to 0Oct 4, 2024 to Apr 1, 2025
- Charity clients · 19 to 21Oct 4, 2024 to Apr 1, 2025
- Corporate clients · 16 to 15Oct 4, 2024 to Apr 1, 2025
- HNW clients · 1,097 to 1,211Oct 4, 2024 to Apr 1, 2025
- Individual clients · 2,485 to 2,689Oct 4, 2024 to Apr 1, 2025
- Pension plan clients · unset to 6.0Oct 4, 2024 to Apr 1, 2025
- Assets in custody · $52.9M to $77.8MOct 4, 2024 to Apr 1, 2025
- Employees · 101 to 105Oct 4, 2024 to Apr 1, 2025
- Insurance-licensed employees · 38 to 0Oct 4, 2024 to Apr 1, 2025
- Financial planning clients · More than 500 to More than 500Oct 4, 2024 to Apr 1, 2025
- State-registered IARs · 27 to 33Oct 4, 2024 to Apr 1, 2025
- Legal name · A•••••••• F•••••••• G•••• L•• to A•••••••• F•••••••• G••••Oct 4, 2024 to Apr 1, 2025
- Organization form · Corporation to Limited Liability CompanyOct 4, 2024 to Apr 1, 2025
- Discretionary RAUM · $4.3B to $4.8BOct 4, 2024 to Apr 1, 2025
- HNW RAUM · $3.3B to $3.8BOct 4, 2024 to Apr 1, 2025
- Individual RAUM · $820M to $850MOct 4, 2024 to Apr 1, 2025
- Non-discretionary RAUM · $127M to $102MOct 4, 2024 to Apr 1, 2025
- Pension RAUM · $13.4M to $14.8MOct 4, 2024 to Apr 1, 2025
Signals
11 dated events
- J•••••• K••• left A•••••••• F•••••••• G•••• for Facet (registered 2026-03-03)Feb 20, 2026 · Advisor changed firm · fact
- J•••• D••••• D••••••• left A•••••••• F•••••••• G•••• for N••••••• A•••••••• L•• (registered 2025-08-14)Oct 3, 2025 · Advisor changed firm · fact
- L••••• M• W•••••• left A•••••••• F•••••••• G•••• for Farther (registered 2025-04-16)Feb 12, 2025 · Advisor changed firm · fact
- A•••••••• I•••••••••'s advisors moved to A•••••••• F•••••••• G•••• (Pittsburgh, PA): 24 of 42 registered, on the same dayDec 31, 2024 · Firm absorbed (people side) · derived
- N•••••••• R••• D••••••••• left A•••••••• F•••••••• G•••• for S•••••••• F•••••••• C•••••••• L•• (registered 2025-02-07)Dec 20, 2024 · Advisor changed firm · fact
- 2 advisors left A•••••••• F•••••••• G•••• (Pittsburgh, PA) for A•••••••• I••••••••• within 4 daysDec 16, 2024 · Team lift-out · derived
- M••• A••••• M•••••• left A•••••••• F•••••••• G•••• for A•••••••• I••••••••• (registered 2008-04-03)Dec 16, 2024 · Advisor changed firm · fact
- Francis Stephen Kutlenios (Director) no longer on Schedule A of A•••••••• F•••••••• G•••• (listed 2024-03-30, absent 2024-04-16)Apr 16, 2024 · Control person left · inference
- Joseph James B••••e (Director) no longer on Schedule A of A•••••••• F•••••••• G•••• (listed 2022-09-20, absent 2023-03-31)Mar 31, 2023 · Control person left · inference
- Louis Raymond Schutzman (Director) no longer on Schedule A of A•••••••• F•••••••• G•••• (listed 2022-09-20, absent 2023-03-31)Mar 31, 2023 · Control person left · inference
- A•••••••• F•••••••• G•••• reported RAUM $3.4B, up 44% from $2.4B (2019-03-27 to 2020-03-27)Mar 27, 2020 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- A•••••••• F•••••••• G•••• · Independent Sponsorsshared crd · capital_provider
- A•••••••• F•••••••• G•••• L•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Business email
- info@alleghenyfinancial.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 800-899-3880reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 412-367-3880reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/alllegheny-financial-groupreportedpublic record, Form ADV, Sep 18, 2026
- Website
- A••••••••FINANCIAL.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 412-367-3880reportedpublic record, Form ADV, Aug 24, 2026
- Contact form
- alleghenyfinancial.com/contact-usreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- alleghenyfinancial.com/meet-our-teamreportedpublished by the firm, firm site, Sep 15, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $186Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026
Across the graphs
A•••••••• F•••••••• G•••• is the same institution as 1 record in Real Estate Funds.
Real Estate Funds1
Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.
Checking your plan…