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.
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SEC-registered adviser
F••••••• F•••••••• A•••••••
Legal name F••••••• F•••••••• A••••••• I•••
Latest filing Jul 8, 2026
First filing on the tape Aug 24, 2012 · 44 filings
SEC status approved since Sep 12, 2012
RAUM
$2.8B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
96%
$2.7B individuals and HNW
Advisors
25
registered through the firm on IAPD
RAUM per advisor
$113M
derived; firm RAUM over IAPD count
Employees
35
28 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
44 filings and snapshots on the tape
RAUM$2.8B as of Jul 8, 2026
Mar 28, 2013$580M then
HNW client RAUM$2.3B as of Jul 8, 2026
Feb 28, 2018$624M then
State-registered IARs (5.B.3)18 as of Jul 8, 2026
Mar 28, 201323 then
Employees (5.A)35 as of Jul 8, 2026
Mar 28, 201338 then
Private funds: no history
RAUM +17% over the last fiscal year+17% a year over threeIARs 19 to 18offices 2 to 3
Practice profile
derived from the filing of Jul 8, 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
- p••••••• led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- RAUM per advisor
- $113MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 83derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.0MderivedHNW RAUM over HNW clients
- Average account
- $492,155derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 3.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.4derivedItem 5.A over advisors
- Advisors per office
- 6.3derived4 offices incl. principal (1.F.5)
- RAUM growth, one year
- +17%derivedbetween the last two annual amendments
- Advisor growth, one year
- -5.3%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +3.6%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consultingreportedItem 5.G
- Financial planning clients
- 2,000reportedItem 5.H
- 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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$2.3B80%
- Individuals$469M17%
- Charitable organizations$56.7M2.0%
- Pension and profit-sharing plans$43.0M1.5%
- Corporations and businesses$6.6M0.2%
- Individual clients
- 1,315reported
- HNW clients
- 758reported
- Pension plan clients
- 83reported
- Charitable clients
- 36reported
- Accounts
- 5,753reported
- Financial planning clients
- 2,000reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.96 fund_share=0.0 institutional_share=0.04 related_bd=false related_bank=false bd_reps=18.0derived
Advisors registered through the firm
25 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| R••••• I•••• F••••••• | Mcmurray, Pa | Jun 12, 1996 | 45 y | 1 |
| M•••••• E••••• F••••• | Mcmurray, Pa | Aug 22, 1997 | 31 y | 0 |
| K•••• L••• L••••• | P•••Sburgh, Pa | Dec 19, 2002 | 25 y | 1 |
| R•••••• J••••• A••••• | Mcmurray, Pa | Dec 20, 2002 | 25 y | 0 |
| B•••• A••• R••••••••Certified Financial Planner | Mcmurray, Pa | Feb 3, 2003 | 26 y | 1 |
| J•••• P••• D•••• | Mcmurray, Pa | Dec 13, 2006 | 29 y | 0 |
| L•••••• M•••• | Sewickley, Pa | Oct 13, 2008 | 22 y | 1 |
| B•••••• D•••••• K••• | Sewickley, Pa | Nov 4, 2010 | 21 y | 1 |
| W•••••• E••••• W•••• | Sewickley, Pa | Nov 4, 2010 | 23 y | 1 |
| D••••• J•••• D•••••Certified Financial Planner | Sewickley, Pa | Nov 15, 2010 | 20 y | 3 |
| B•••••• X••••• S••••• | Sewickley, Pa | May 31, 2013 | 15 y | 1 |
| R••••• J•••• Y••••••••• | Sewickley, Pa | Jan 29, 2015 | 16 y | 2 |
| D••••• S•••• T•••••• | Mcmurray, Pa | Aug 4, 2015 | 19 y | 0 |
| T•• W•••••• D••••Certified Financial Planner | Wexford, Pa | Sep 22, 2015 | 19 y | 3 |
| M•••••• H••• G••••• | Sewickley, Pa | Sep 30, 2015 | 11 y | 0 |
| M•••••• K••• L•••• | Sewickley, Pa | Oct 28, 2016 | 11 y | 1 |
| B•••• M•••••• R••• | Sewickley, Pa | Nov 4, 2016 | 11 y | 2 |
| R••••• W••••• | Sewickley, Pa | Nov 18, 2016 | 13 y | 1 |
| A••••• D•••• S••••• | Mcmurray, Pa | Jul 18, 2017 | 13 y | 1 |
| P••• M••••Chartered Financial Consultant | Sewickley, Pa | Nov 20, 2018 | 29 y | 1 |
| S••••• Z••••• | Sewickley, Pa | Jul 21, 2021 | 11 y | 2 |
| N••••••• R• R•••••• | Sewickley, Pa | Apr 12, 2022 | 13 y | 1 |
| B•••••• E••••• C•••••Certified Financial Planner, Chartered Financial Analyst | Sewickley, Pa | Jun 24, 2025 | 33 y | 2 |
| B•••• R•••• S•••••••••Certified Financial Planner | Sewickley, Pa | Jun 24, 2025 | 12 y | 3 |
| W•••••• G•••••• S••••••• | Sewickley, Pa | Feb 2, 2026 | 13 y | 0 |
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 4.0% of current headcount1 left over 36 months
Left, latest
- L•••• W••••••••• F•••••• to A••••••• I••••••••• A•••••••• L••Mar 17, 2026 · Other
- A••••• R• M••••• to A••••• A•• P••••••• S•••••••Mar 22, 2022 · RIA to affiliated broker-dealer or bank
- K•••• A• K•••• to S•••••• N••••••• • C••••••• I•••••••••Apr 22, 2020 · RIA to affiliated broker-dealer or bank
- G•••• W•••••• D•••• to S•••••••• D•••• W••••• M••••••••• A•••••••• L•Apr 22, 2020 · RIA to RIA
- M•••••• N••••• S•••••• to P•• W••••• M•••••••••Jan 9, 2018 · Other
- C•••••• A•••••• M•••••••• to F••• P••• C•••••• G••••• L••May 8, 2017 · Other
- B•••• D•••• H••••• to A•••••••• I•••••••••Mar 31, 2017 · Other
- B•••• R•••• S••••••••• to N•••••••••Jan 31, 2017 · Other
- A••••• V•••• to L•• F•••••••• L••Apr 29, 2015 · Other
- D•••••• F•••• G••••• to L•• F•••••••• L••Mar 4, 2015 · Other
- D••••• L•• H•••• to K••••• A••••••• S•••••••• L••Mar 4, 2015 · Other
- S••••• J••• M••••• to B•• P•••••••• I•••Sep 16, 2014 · Other
- C••• L•• B•••• to H••••••••• F•••••••• A•••••••Sep 19, 2013 · Other
- J••• J••••• W•••••• to W•••••• P•••••• W•••••Jan 7, 2013 · Other
- J•••••• G••••• W•••••• to S•••••• W••••• P•••••••• L••Sep 21, 2012 · Other
Joined, latest
- B•••••• E••••• C••••• from H••••••••• F••••••••Jun 24, 2025 · RIA to RIA
- B•••• R•••• S••••••••• from Q• A•••••••• L••Jun 24, 2025 · Other
- N••••••• R• R•••••• from H••••••••• I•••Apr 12, 2022 · RIA to RIA
- S••••• Z••••• from R•••••••• A•••••••Jul 21, 2021 · RIA to RIA
- P••• M•••• from E•••••••• A•••••••• L••Nov 20, 2018 · Affiliated broker-dealer or bank to independent RIA
- A••••• D•••• S••••• from P•• W••••• M•••••••••Jul 18, 2017 · Other
- K•••• A• K•••• from O•••• I••••••••• I•••Jun 1, 2017 · Other
- A••••• R• M••••• from P•• W••••• M•••••••••May 16, 2017 · Other
- R••••• W••••• from L•• F•••••••• L••Nov 18, 2016 · Other
- B•••• M•••••• R••• from P•• W••••• M•••••••••Nov 4, 2016 · Other
- M•••••• K••• L•••• from Y•••• • A••••••••• I••••••••• A•••••••• L••Oct 28, 2016 · Other
- T•• W•••••• D•••• from O•••• W•••••• I•••Sep 22, 2015 · Other
- R••••• J•••• Y••••••••• from W•••••• • R•••Jan 29, 2015 · Other
- C•••••• A•••••• M•••••••• from L•• F•••••••• L••Mar 26, 2014 · Other
- B•••••• X••••• S••••• from L•• F•••••••• L••May 31, 2013 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from L•• F•••••••• L••Jul 20, 2018 · Wexford, Pa
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- D••••• J••••• P••• · Chief Compliance Officercontrolsince 04/2015 · owns less than 5%
- D•••••• D•••••• J•••• · Presidentcontrolsince 12/2014 · owns less than 5%
- E••••••• C••••••••• L•••• · Chief Financial Officer And Chief Operating Officercontrolsince 11/2014 · owns less than 5%
- F•••••••• R•••••• I•••• · Chief Executive Officercontrolsince 02/2022 · owns less than 5%
- R••••••••• C••••••••• E•••••••• · Executive Vice Presidentcontrolsince 11/2018 · owns less than 5%
- D•••••• D•••••• J•••• · Trusteecontrolsince 06/2022 · owns F of F••••••• F•••••••• A•••••••• I••• E••••••• S•••• O•••••••• T••••
- E••••••• C••••••••• L•••• · Trusteecontrolsince 09/2020 · owns F of F••••••• F••••• I••••••••• T•••• F•• C•••••••• E• R••••••••
- E••••••• C••••••••• L•••• · Trusteecontrolsince 09/2020 · owns F of F••••••• F••••• I••••••••• T•••• F•• K••••••• E• F•••••
- E••••••• C••••••••• L•••• · Trusteecontrolsince 09/2020 · owns F of F••••••• F••••• I••••••••• T•••• F•• V•••• L• F•••••••
- E••••••• C••••••••• L•••• · Trusteecontrolsince 06/2022 · owns F of F••••••• F•••••••• A•••••••• I••• E••••••• S•••• O•••••••• T••••
- F•••••••• R•••••• I•••• · Trusteecontrolsince 04/2016 · owns F of F••••••• F•••••••• A•••••••• I••• E••••••• S•••• O•••••••• T••••
- R••••••••• C••••••••• E•••••••• · Trusteecontrolsince 09/2020 · owns F of F••••••• F••••• I••••••••• T•••• F•• C•••••••• E• R••••••••
- R••••••••• C••••••••• E•••••••• · Trusteecontrolsince 06/2022 · owns F of F••••••• F•••••••• A•••••••• I••• E••••••• S•••• O•••••••• T••••
- F•••••• K•••••••• E••••• · Trusteesince 09/2020 · owns F of F••••••• F••••• I••••••••• T•••• F•• K••••••• E• F•••••
- F•••••••• V••••• L• · Trusteesince 09/2020 · owns F of F••••••• F••••• I••••••••• T•••• F•• V•••• L• F•••••••
Entity owners
- F••••••• F•••••••• A•••••••• I••• E••••••• S•••• O•••••••• T•••• · E••••••• S•••• O•••••••• Plan Trustdirect · owns 50% to 75%
- F••••••• F••••• I••••••••• T•••• F•• C•••••••• E• R•••••••• · Ownerdirect · owns 10% to 25%
- F••••••• F••••• I••••••••• T•••• F•• K••••••• E• F••••• · Ownerdirect · owns 10% to 25%
- F••••••• F••••• I••••••••• T•••• F•• V•••• L• F••••••• · Ownerdirect · owns 10% to 25%
Related persons
Schedule D 7.A
- R•••••• A•••••insurancey
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Sewickley, Pa · principal | 16 | 1 | 1 | ||
| Mcmurray, Pa | 7 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Mcmurray, PA3 employees
- P•••Sburgh, PA2 employees
- P•••Sburgh, PA1 employees
What changed
consecutive filings, newest first
- Accounts · 5,442 to 5,753Sep 23, 2025 to Feb 18, 2026
- Advisory employees · 25 to 28Sep 23, 2025 to Feb 18, 2026
- BD registered reps · 19 to 18Sep 23, 2025 to Feb 18, 2026
- Charity clients · 30 to 36Sep 23, 2025 to Feb 18, 2026
- Corporate clients · 15 to 13Sep 23, 2025 to Feb 18, 2026
- HNW clients · 608 to 758Sep 23, 2025 to Feb 18, 2026
- Individual clients · 1,393 to 1,315Sep 23, 2025 to Feb 18, 2026
- Pension plan clients · 80 to 83Sep 23, 2025 to Feb 18, 2026
- State-registered IARs · 19 to 18Sep 23, 2025 to Feb 18, 2026
- Discretionary RAUM · $2.4B to $2.8BSep 23, 2025 to Feb 18, 2026
- HNW RAUM · $1.7B to $2.3BSep 23, 2025 to Feb 18, 2026
- Individual RAUM · $473M to $469MSep 23, 2025 to Feb 18, 2026
- Pension RAUM · $237M to $43.0MSep 23, 2025 to Feb 18, 2026
- RAUM · $2.4B to $2.8BSep 23, 2025 to Feb 18, 2026
- Other offices · 2 to 3Apr 16, 2025 to Sep 23, 2025
- Financial planning clients · More than 500 to More than 500Jan 27, 2025 to Apr 16, 2025
- Accounts · 5,278 to 5,442Jan 30, 2024 to Jan 27, 2025
- Advisory employees · 27 to 25Jan 30, 2024 to Jan 27, 2025
- BD registered reps · 21 to 19Jan 30, 2024 to Jan 27, 2025
- Charity clients · 37 to 30Jan 30, 2024 to Jan 27, 2025
- Corporate clients · 12 to 15Jan 30, 2024 to Jan 27, 2025
- HNW clients · 562 to 608Jan 30, 2024 to Jan 27, 2025
- Individual clients · 1,503 to 1,393Jan 30, 2024 to Jan 27, 2025
- Pension plan clients · 83 to 80Jan 30, 2024 to Jan 27, 2025
- Employees · 33 to 35Jan 30, 2024 to Jan 27, 2025
- State-registered IARs · 21 to 19Jan 30, 2024 to Jan 27, 2025
- Other offices · 3 to 2Jan 30, 2024 to Jan 27, 2025
- Discretionary RAUM · $2.1B to $2.4BJan 30, 2024 to Jan 27, 2025
- HNW RAUM · $1.5B to $1.7BJan 30, 2024 to Jan 27, 2025
- Individual RAUM · $509M to $473MJan 30, 2024 to Jan 27, 2025
- Pension RAUM · $40.2M to $237MJan 30, 2024 to Jan 27, 2025
- RAUM · $2.1B to $2.4BJan 30, 2024 to Jan 27, 2025
- Accounts · 5,076 to 5,278Nov 28, 2023 to Jan 30, 2024
- Advisory employees · 30 to 27Nov 28, 2023 to Jan 30, 2024
- Charity clients · 30 to 37Nov 28, 2023 to Jan 30, 2024
- Corporate clients · 9 to 12Nov 28, 2023 to Jan 30, 2024
- HNW clients · 415 to 562Nov 28, 2023 to Jan 30, 2024
- Individual clients · 1,542 to 1,503Nov 28, 2023 to Jan 30, 2024
- Pension plan clients · 94 to 83Nov 28, 2023 to Jan 30, 2024
- Employees · 36 to 33Nov 28, 2023 to Jan 30, 2024
Signals
5 dated events
- L•••• W••••••••• F•••••• left F••••••• F•••••••• A••••••• for A••••••• I••••••••• A•••••••• L•• (registered 2026-05-19)Mar 17, 2026 · Advisor changed firm · fact
- Elizabeth Christine Robinette (Executive Vice President) appeared on Schedule A of F••••••• F•••••••• A•••••••Nov 28, 2023 · Control person joined · fact
- A••••• R• M••••• left F••••••• F•••••••• A••••••• for A••••• A•• P••••••• S••••••• (registered 2025-06-18)Mar 22, 2022 · Advisor changed firm · fact
- F••••••• F•••••••• A••••••• reported RAUM $1.5B, up 35% from $1.1B (2019-10-02 to 2020-03-03)Mar 3, 2020 · RAUM change · derived
- F••••••• F•••••••• A••••••• filed its initial SEC registration (Form ADV)Aug 24, 2012 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/fragassoadvisorsreportedpublic record, Form ADV, Sep 18, 2026
- Website
- fragassopartners.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 412-227-3200reportedpublic record, Form ADV, Jul 8, 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
- $113Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026