# Kapusta Financial Group

> Kapusta Financial Group is an SEC-registered investment advisory firm in Pittsburgh, PA, registered since 2018, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated July 13, 2026.

- CRD: 123349
- Filed as: KAPUSTA FINANCIAL GROUP
- Legal name: Kapusta Financial Group, Inc.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Pittsburgh, PA
- Filing period: October 2026
- Form ADV filing dated: July 13, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/123349
- AdvisorCensus page: https://advisorcensus.com/firm/kapusta-financial-group-pittsburgh-pa-123349

## Quick answers

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

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

**Is Kapusta Financial Group registered with the SEC or a state?**
Kapusta Financial Group is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 123349.

**How much does Kapusta Financial Group manage?**
Kapusta Financial Group reports $199,605,506 in regulatory assets under management in its Form ADV filing dated July 13, 2026 (0% discretionary).

**How have Kapusta Financial Group's assets and staff changed since 2021?**
In the Form ADV data for Kapusta Financial Group: Regulatory assets under management: $133,711,750 in the October 2021 data and $199,605,506 in the October 2026 data, up 49%. Total employees: 4 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Kapusta Financial Group serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (140); high net worth individuals (65); charitable organizations (2).

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

**Does Kapusta Financial Group 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/123349

**What changed in Kapusta Financial Group's recent Form ADV filings?**
In the August 2026 filing data: Registered or notice-filed in TX.

## From the Form ADV filing

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

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

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: $199,605,506
- Discretionary: $0
- Non-discretionary: $199,605,506

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 140 | $58,574,670 |
| High net worth individuals | 65 | $140,961,427 |
| Charitable organizations | 2 | $69,409 |

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

### Firm details
- Registered since: 2018 (8 years)
- Employees: 4 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, PA, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- kapustafinancial.com
- Facebook @KAPUSTA-FINANCIAL-GROUP
- LinkedIn @KAPUSTA-FINANCIAL-GROUP
- X @KAPUSTAGROUP

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $133,711,750 | 4 | February 26, 2021 |
| October 2022 | $144,794,956 | 4 | May 10, 2022 |
| October 2023 | $142,049,085 | 4 | February 22, 2023 |
| October 2024 | $150,698,559 | 4 | March 7, 2024 |
| October 2025 | $168,612,610 | 4 | March 6, 2025 |
| October 2026 | $199,605,506 | 4 | July 13, 2026 |

Regulatory assets under management: $133,711,750 in the October 2021 data and $199,605,506 in the October 2026 data, up 49%.
Total employees: 4 in October 2021 and 4 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Registered or notice-filed in TX.

### February 2026
- Regulatory assets under management went from $168,612,610 to $199,605,506 (+18%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Kapusta Financial Group (CRD 123349): Form ADV filing data as of October 2026.