# Hapanowicz Financial

> Hapanowicz Financial is an SEC-registered investment advisory firm in Pittsburgh, PA, registered since 2011, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated June 24, 2026.

- CRD: 157523
- Filed as: HAPANOWICZ FINANCIAL
- Legal name: Hapanowicz & Associates Financial Services, Inc.
- Also doing business as: HAPANOWICZ, HAPANOWICZ FINANCIAL
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Pittsburgh, PA
- Filing period: October 2026
- Form ADV filing dated: June 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/157523
- AdvisorCensus page: https://advisorcensus.com/firm/hapanowicz-financial-pittsburgh-pa-157523

## Quick answers

**How is Hapanowicz Financial compensated?**
On its Form ADV (Item 5.E, October 2026), Hapanowicz Financial reports these compensation arrangements: a percentage of assets under its management; other.

**Where is Hapanowicz Financial located?**
Hapanowicz Financial's principal office is in Pittsburgh, PA, according to its Form ADV.

**Is Hapanowicz Financial registered with the SEC or a state?**
Hapanowicz Financial is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 157523.

**How much does Hapanowicz Financial manage?**
Hapanowicz Financial reports $622,317,239 in regulatory assets under management in its Form ADV filing dated June 24, 2026 (83% discretionary).

**How have Hapanowicz Financial's assets and staff changed since 2021?**
In the Form ADV data for Hapanowicz Financial: Regulatory assets under management: $420,044,149 in the October 2021 data and $622,317,239 in the October 2026 data, up 48%. Total employees: 10 in October 2021 and 13 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Hapanowicz Financial serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (462); high net worth individuals (178); other (12).

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

**Does Hapanowicz Financial 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/157523

**What changed in Hapanowicz Financial's recent Form ADV filings?**
In the February 2026 filing data: Employees performing advisory functions went from 6 to 7.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Other

### Custodians (Schedule D, Section 5.K(3))
- LPL Financial 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: $622,317,239
- Discretionary: $519,537,574
- Non-discretionary: $102,779,665

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 462 | $140,349,182 |
| High net worth individuals | 178 | $377,954,480 |
| 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) | Fewer than 5 | $1,233,912 |
| Charitable organizations | 0 | $0 |
| 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 | 0 | $0 |
| Other | 12 | $102,779,665 |

### 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
- Pension consulting services
- Educational seminars/workshops

### Firm details
- Registered since: 2011 (15 years)
- Employees: 13 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, MD, OH, PA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- hapfinancial.com
- Facebook @H.A.WealthManagement
- LinkedIn @40747958

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $420,044,149 | 10 | May 20, 2021 |
| October 2022 | $510,452,688 | 11 | March 17, 2022 |
| October 2023 | $454,071,735 | 10 | March 3, 2023 |
| October 2024 | $497,447,283 | 11 | June 20, 2024 |
| October 2025 | $574,669,714 | 13 | February 28, 2025 |
| October 2026 | $622,317,239 | 13 | June 24, 2026 |

Regulatory assets under management: $420,044,149 in the October 2021 data and $622,317,239 in the October 2026 data, up 48%.
Total employees: 10 in October 2021 and 13 in October 2026.

## Changes in the filing (last 12 months)

### February 2026
- Employees performing advisory functions went from 6 to 7.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Hapanowicz Financial (CRD 157523): Form ADV filing data as of October 2026.