# Fragasso Financial Advisors

> Fragasso Financial Advisors is an SEC-registered investment advisory firm in Sewickley, PA, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated July 8, 2026.

- CRD: 123255
- Filed as: FRAGASSO FINANCIAL ADVISORS
- Legal name: Fragasso Financial Advisors Inc.
- Also doing business as: CARTER CAPITAL STRATEGIES, DANKO FINANCIAL LLC, FRAGASSO FINANCIAL ADVISORS, FRAGASSO INVESTMENT ADVISORS, FRAGASSO NONPROFIT INVESTMENT ADVISORS, FRAGASSO RETIREMENT PLAN ADVISORS, SUTHERLAND WEALTH MANAGEMENT, THE INVESTMENT ADVISORY GROUP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Sewickley, PA
- Filing period: October 2026
- Form ADV filing dated: July 8, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/123255
- AdvisorCensus page: https://advisorcensus.com/firm/fragasso-financial-advisors-sewickley-pa-123255

## Quick answers

**How is Fragasso Financial Advisors compensated?**
On its Form ADV (Item 5.E, October 2026), Fragasso Financial Advisors reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Fragasso Financial Advisors located?**
Fragasso Financial Advisors' principal office is in Sewickley, PA, according to its Form ADV; the August 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Fragasso Financial Advisors registered with the SEC or a state?**
Fragasso Financial Advisors is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 123255.

**How much does Fragasso Financial Advisors manage?**
Fragasso Financial Advisors reports $2,831,366,332 in regulatory assets under management in its Form ADV filing dated July 8, 2026 (100% discretionary).

**How have Fragasso Financial Advisors' assets and staff changed since 2021?**
In the Form ADV data for Fragasso Financial Advisors: Regulatory assets under management: $1,677,147,745 in the October 2021 data and $2,831,366,332 in the October 2026 data, up 69%. Total employees: 31 in October 2021 and 35 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Fragasso Financial Advisors serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,315); high net worth individuals (758); pension and profit sharing plans (but not the plan participants or government pension plans) (83).

**Which custodians does Fragasso Financial Advisors use?**
Fragasso Financial Advisors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab as a custodian holding 10% or more of its separately managed account assets.

**Does Fragasso Financial Advisors 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/123255

**What changed in Fragasso Financial Advisors' recent Form ADV filings?**
In the March 2026 filing data: Employees performing advisory functions went from 25 to 28. Regulatory assets under management went from $2,422,371,738 to $2,831,366,332 (+17%).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab

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: $2,831,366,332
- Discretionary: $2,831,366,332
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1,315 | $469,276,944 |
| High net worth individuals | 758 | $2,255,770,408 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 83 | $42,981,559 |
| Charitable organizations | 36 | $56,704,624 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 13 | $6,632,797 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services

### Firm details
- Registered since: 2012 (14 years)
- Employees: 35 total, 28 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, CT, DC, DE, FL, GA, IL, KS, LA, MA, MD, MI, NC, NE, NH, NJ, NY, OH, PA, SC, TN, 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 August 2026 filing
- McMurray, PA
- Pittsburgh, PA

### Websites listed on Form ADV (Item 1.I)
- canyouaffordtoretire.com
- carterwealthstrategy.com
- fragassoadvisors.com
- fragassopartners.com
- sutherlandwealth.com
- Facebook @FRAGASSOADVISORS
- LinkedIn @fragassoadvisors
- X @FragassoAdvisor
- YouTube @FragassoGroup

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,677,147,745 | 31 | September 16, 2021 |
| October 2022 | $1,949,636,264 | 29 | February 25, 2022 |
| October 2023 | $1,787,815,842 | 36 | February 28, 2023 |
| October 2024 | $2,143,563,108 | 33 | January 30, 2024 |
| October 2025 | $2,422,371,738 | 35 | April 16, 2025 |
| October 2026 | $2,831,366,332 | 35 | July 8, 2026 |

Regulatory assets under management: $1,677,147,745 in the October 2021 data and $2,831,366,332 in the October 2026 data, up 69%.
Total employees: 31 in October 2021 and 35 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Employees performing advisory functions went from 25 to 28.
- Regulatory assets under management went from $2,422,371,738 to $2,831,366,332 (+17%).

### December 2025
- Registered or notice-filed in CO, DE, IL, KS, LA, NE, NH, TN.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Fragasso Financial Advisors (CRD 123255): Form ADV filing data as of October 2026.