Hapanowicz & Associates Financial Services, Inc. (Pittsburgh)

Name: Hapanowicz & Associates Financial Services, Inc.
Address: 301 Grant Street, Pittsburgh, PA, 15219
Telephone: 412-261-5966

Hapanowicz & Associates Financial Services, Inc. is a large advisory firm based in Pittsburgh. It manages $242.58 million of regulatory assets for 534 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Florida, Maryland, Ohio, and Pennsylvania.

Hapanowicz & Associates Financial Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hapanowicz & Associates Financial Services: assets under management

The assets under management (AUM) of Hapanowicz & Associates Financial Services, Inc. is $242.58 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 31% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $242.58 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $454.27 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 94% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Hapanowicz & Associates Financial Services, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Hapanowicz & Associates Financial Services serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Hapanowicz & Associates Financial Services is high net worth individuals with 121 clients and $152.53 million of assets under management. Among the 8 most similar advisory firms, Hapanowicz & Associates Financial Services has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $242.58 million for 385 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Hapanowicz & Associates Financial Services doesn't advise any private funds.

Careers at Hapanowicz & Associates Financial Services, Inc.

The company employs 9 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Edwin Hapanowicz	President, chief compliance officer	1 Jan 1989	75% - 100%	1635067

Based in Pittsburgh

The principal office where Hapanowicz & Associates Financial Services, Inc. performs its advisory services is located at 301 Grant Street, Pittsburgh, PA 15219, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 412-261-5966 or by fax 412-261-3353. The normal business hours are 9:00 to 5:00 on Monday - Friday. You can find more information about the New York firm at hapanowicz-associates.com.