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.

SEC-registered adviser

Hapanowicz Financial

Independent wealth managerPittsburgh, PennsylvaniaCRD 157523SEC 801-72352website IAPD

Legal name Hapanowicz & Associates Financial Services, Inc.

Latest filing Jun 24, 2026

First filing on the tape Feb 21, 2012 · 43 filings

SEC status approved since May 18, 2011

RAUM

$622M

reported, Item 5.F

Discretionary

83%

of RAUM

Private clients

83%

$518M individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$104M

derived; firm RAUM over IAPD count

Employees

7 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

43 filings and snapshots on the tape

RAUM$622M as of Jun 24, 2026

Feb 21, 2012$133M then

HNW client RAUM$378M as of Jun 24, 2026

Mar 22, 2018$140M then

State-registered IARs (5.B.3)10 as of Jun 24, 2026

Mar 11, 20133 then

Employees (5.A)13 as of Jun 24, 2026

Mar 11, 20137 then

Private funds: no history

RAUM +8.3% over the last fiscal year+11% a year over threeIARs 9 to 10

Practice profile

derived from the filing of Jun 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
Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control

RAUM per advisor: $104MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 107derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $2.1MderivedHNW RAUM over HNW clients
Average account: $612,517derivedRAUM over accounts (5.F.2.f)
Discretionary: 83%derivedof RAUM
Institutional: 0.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 2.2derivedItem 5.A over advisors
Advisors per office: 6.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year: +8.3%derivedbetween the last two annual amendments
Advisor growth, one year: +11%derivedItem 5.B.3 between annual amendments
Client growth, one year: +5.1%derived
Compensation: percentage of assets, otherreportedItem 5.E
Advisory activities: financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, educational seminarsreportedItem 5.G
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)
compensates persons for client referrals (8.G.1)
compensates non-employees for client referrals (8.G.2)

Where the RAUM sits

Form ADV Item 5.D, latest filing

High-net-worth individuals$378M73%
Individuals$140M27%
Pension and profit-sharing plans$1.2M0.2%

Individual clients: 462reported
HNW clients: 178reported
Pension plan clients: n/areported
Charitable clients: 0reported
Accounts: 1,016reported
Financial planning clients: 1-10reported
Wrap fee programs: noreported
Custody of client assets: noreported
Compensation: % of AUMreported
Class basis: private_client_share=0.83 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived

Advisors registered through the firm

6 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
Robert Edwin Hapanowicz	Pittsburgh, Pa	May 19, 2011	39 y	1
Christina Marie Simmonds	Pittsburgh, Pa	Mar 22, 2016	14 y	0
Robert Charles Hapanowicz	Pittsburgh, Pa	Mar 26, 2019	10 y	0
Dante Francis Sienko	Pittsburgh, Pa	Oct 15, 2024	10 y	4
Eric F Forsythe	Pittsburgh, Pa	Apr 9, 2025	14 y	0
Charles Lee Davis	Pittsburgh, Pa	Jul 28, 2025	10 y	6

Advisor movement

1 left, 0 joined in 12 months

net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 17% of current headcount3 left over 36 months

Left, latest

Nicholas Kerr to Corient
Apr 24, 2026 · RIA to RIA
Andrew Scott Barnes to Childfree Wealth
Apr 24, 2025 · RIA to RIA
Bernard Elwood Carter to Fragasso Financial Advisors
Jan 29, 2025 · RIA to RIA
Michael Arthur Divens to Schneider Downs Wealth Management Advisors, LP
Aug 3, 2022 · RIA to RIA
Carey A Droznek to Waddell & Reed
Oct 9, 2014 · Other

Joined, latest

Charles Lee Davis from Moralis Technologies, LLC
Jul 28, 2025 · RIA to RIA
Andrew Scott Barnes from Wells Fargo Advisors
Oct 15, 2024 · Wirehouse to independent RIA
Dante Francis Sienko from Mdt Advisers, A Division Of Federated Mdta LLC
Oct 15, 2024 · Other
Michael Arthur Divens from Pwa Wealth Management
May 14, 2021 · RIA to RIA
Bernard Elwood Carter from LPL Financial LLC
Oct 9, 2014 · Other
Robert Edwin Hapanowicz from Securities America Advisors, Inc.
May 19, 2011 · Other
Carey A Droznek from Securities America Advisors, Inc.
May 19, 2011 · Other

Every departure Every arrival

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

Edwin Robert Hapanowicz · President, Chief Compliance Officercontrol
since 01/1989 · owns 75% or more

Related persons

Schedule D 7.A

No related person reported.

Office movement

IAPD branch city; joins and departures in 12 months

Office	Advisors	Joined	Left	Teams out	Forming
Pittsburgh, Pa · principal	6	0	1
Youngsville, Nc	0	0	0

Offices

Schedule D 1.F, the 25 largest

No branch office listed.

What changed

consecutive filings, newest first

Wrap assets (manager) · 0.0 to unset
Jan 23, 2026 to Apr 30, 2026
Wrap assets (sponsor) · 0.0 to unset
Jan 23, 2026 to Apr 30, 2026
Accounts · 926 to 1,016
Feb 28, 2025 to Jan 23, 2026
Advisory employees · 6 to 7
Feb 28, 2025 to Jan 23, 2026
BD registered reps · 9 to 0
Feb 28, 2025 to Jan 23, 2026
HNW clients · 166 to 178
Feb 28, 2025 to Jan 23, 2026
Individual clients · 443 to 462
Feb 28, 2025 to Jan 23, 2026
Financial planning clients · 0 to 1-10
Feb 28, 2025 to Jan 23, 2026
State-registered IARs · 9 to 10
Feb 28, 2025 to Jan 23, 2026
Discretionary RAUM · $457M to $520M
Feb 28, 2025 to Jan 23, 2026
HNW RAUM · $314M to $378M
Feb 28, 2025 to Jan 23, 2026
Individual RAUM · $141M to $140M
Feb 28, 2025 to Jan 23, 2026
Non-discretionary RAUM · $118M to $103M
Feb 28, 2025 to Jan 23, 2026
Pension RAUM · $1.3M to $1.2M
Feb 28, 2025 to Jan 23, 2026
RAUM · $575M to $622M
Feb 28, 2025 to Jan 23, 2026
Accounts · 809 to 926
Nov 26, 2024 to Feb 28, 2025
Advisory employees · 5 to 6
Nov 26, 2024 to Feb 28, 2025
BD registered reps · 6 to 9
Nov 26, 2024 to Feb 28, 2025
Business name · HAPANOWICZ & ASSOCIATES WEALTH MANAGEMENT to HAPANOWICZ FINANCIAL
Nov 26, 2024 to Feb 28, 2025
HNW clients · 150 to 166
Nov 26, 2024 to Feb 28, 2025
Individual clients · 399 to 443
Nov 26, 2024 to Feb 28, 2025
Pension plan clients · 4.0 to unset
Nov 26, 2024 to Feb 28, 2025
Employees · 11 to 13
Nov 26, 2024 to Feb 28, 2025
Financial planning clients · 0 to 0
Nov 26, 2024 to Feb 28, 2025
State-registered IARs · 6 to 9
Nov 26, 2024 to Feb 28, 2025
Discretionary RAUM · $394M to $457M
Nov 26, 2024 to Feb 28, 2025
HNW RAUM · $268M to $314M
Nov 26, 2024 to Feb 28, 2025
Individual RAUM · $122M to $141M
Nov 26, 2024 to Feb 28, 2025
Non-discretionary RAUM · $103M to $118M
Nov 26, 2024 to Feb 28, 2025
Pension RAUM · $3.8M to $1.3M
Nov 26, 2024 to Feb 28, 2025
RAUM · $497M to $575M
Nov 26, 2024 to Feb 28, 2025
Accounts · 776 to 809
Oct 23, 2023 to Mar 16, 2024
BD registered reps · 5 to 6
Oct 23, 2023 to Mar 16, 2024
HNW clients · 152 to 150
Oct 23, 2023 to Mar 16, 2024
Individual clients · 362 to 399
Oct 23, 2023 to Mar 16, 2024
Pension plan clients · 5 to 4
Oct 23, 2023 to Mar 16, 2024
Employees · 10 to 11
Oct 23, 2023 to Mar 16, 2024
State-registered IARs · 5 to 6
Oct 23, 2023 to Mar 16, 2024
Discretionary RAUM · $357M to $394M
Oct 23, 2023 to Mar 16, 2024
HNW RAUM · $238M to $268M
Oct 23, 2023 to Mar 16, 2024

Signals

5 dated events

Nicholas Kerr left Hapanowicz Financial for Corient (registered 2026-04-21)
Apr 24, 2026 · Advisor changed firm · fact
Andrew Scott Barnes left Hapanowicz Financial for Childfree Wealth (registered 2025-05-06)
Apr 24, 2025 · Advisor changed firm · fact
Bernard Elwood Carter left Hapanowicz Financial for Fragasso Financial Advisors (registered 2025-06-24)
Jan 29, 2025 · Advisor changed firm · fact
Michael Arthur Divens left Hapanowicz Financial for Schneider Downs Wealth Management Advisors, Lp (registered 2022-09-20)
Aug 3, 2022 · Advisor changed firm · fact
Hapanowicz Financial reported RAUM $420.0M, up 51% from $278.1M (2020-09-14 to 2021-03-26)
Mar 26, 2021 · RAUM change · derived

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/40747958/adminreportedpublic record, Form ADV, Sep 17, 2026
Website: HAPFINANCIAL.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone: 412-261-5966reportedpublic record, Form ADV, Jun 24, 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: $104Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026