# Allegheny Investments

> Allegheny Investments is an SEC-registered investment advisory firm in Pittsburgh, PA, registered since 2000, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated May 15, 2026.

- CRD: 7597
- Filed as: ALLEGHENY INVESTMENTS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Pittsburgh, PA
- Filing period: October 2026
- Form ADV filing dated: May 15, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/7597
- AdvisorCensus page: https://advisorcensus.com/firm/allegheny-investments-pittsburgh-pa-7597

## Quick answers

**How is Allegheny Investments compensated?**
On its Form ADV (Item 5.E, October 2026), Allegheny Investments reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**Where is Allegheny Investments located?**
Allegheny Investments' principal office is in Pittsburgh, PA, according to its Form ADV; the June 2026 filing also lists 3 other offices (Schedule D, Section 1.F).

**Is Allegheny Investments registered with the SEC or a state?**
Allegheny Investments is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 7597.

**How much does Allegheny Investments manage?**
Allegheny Investments reports $742,120,123 in regulatory assets under management in its Form ADV filing dated May 15, 2026 (100% discretionary).

**How have Allegheny Investments' assets and staff changed since 2021?**
In the Form ADV data for Allegheny Investments: Regulatory assets under management: $542,511,063 in the October 2021 data and $742,120,123 in the October 2026 data, up 37%. Total employees: 107 in October 2021 and 21 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Allegheny Investments serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,185); high net worth individuals (175); charitable organizations (55).

**Which custodians does Allegheny Investments use?**
Allegheny Investments' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Allegheny Investments report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/7597

**Does Allegheny Investments state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "We do not have a minimum account size for opening or maintaining an account."

**What changed in Allegheny Investments' recent Form ADV filings?**
In the June 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Account minimum: None

> We do not have a minimum account size for opening or maintaining an account.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Brokerage Services LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $742,120,123
- Discretionary: $739,380,873
- Non-discretionary: $2,739,250

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1,185 | $276,234,509 |
| High net worth individuals | 175 | $367,167,958 |
| Banking or thrift institutions | Not reported | $0 |
| Investment companies | Not reported | $0 |
| Business development companies | Not reported | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | Not reported | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 12 | $21,319,721 |
| Charitable organizations | 55 | $71,416,430 |
| State or municipal government entities (including government pension plans) | Not reported | $0 |
| Other investment advisers | Not reported | $0 |
| Insurance companies | Not reported | $0 |
| Sovereign wealth funds and foreign official institutions | Not reported | $0 |
| Corporations or other businesses not listed above | Fewer than 5 | $5,981,505 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2000 (26 years)
- Employees: 21 total, 14 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AZ, CA, FL, GA, LA, MA, MD, NC, NH, NJ, OH, PA, SC, TX, VA, WV
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the June 2026 filing
- Coraopolis, PA
- Kittanning, PA
- Morgantown, WV

### Websites listed on Form ADV (Item 1.I)
- alleghenyfinancial.com
- alleghenyinvestments.com
- Facebook @alleghenyfinancialgroup.com
- Instagram @alleghenyfinancialgroup
- LinkedIn @allegheny-financial-group

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $542,511,063 | 107 | May 12, 2021 |
| October 2022 | $711,932,594 | 99 | August 10, 2022 |
| October 2023 | $675,219,021 | 99 | March 31, 2023 |
| October 2024 | $530,304,606 | 81 | March 30, 2024 |
| October 2025 | $633,814,776 | 20 | April 1, 2025 |
| October 2026 | $742,120,123 | 21 | May 15, 2026 |

Regulatory assets under management: $542,511,063 in the October 2021 data and $742,120,123 in the October 2026 data, up 37%.
Total employees: 107 in October 2021 and 21 in October 2026.

## Changes in the filing (last 12 months)

### June 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Item 11 disclosure answers changed: 0 yes answers, previously 2 (now no: 11.D(2), 11.H(1)(c)).
- Employees performing advisory functions went from 13 to 14.
- Regulatory assets under management went from $633,814,776 to $742,120,123 (+17%).
- Updated its list of owners and control persons (Schedule A).

### January 2026
- No longer registered or notice-filed in AK, AL, CO, CT, DC, HI, ID, IL, IN, KS, KY, ME, MI, MO, MT, NM, NY, OK, OR, RI, SD, TN, UT, WA, WI.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Allegheny Investments (CRD 7597): Form ADV filing data as of October 2026.