Karen L. Lapina

FRAGASSO FINANCIAL ADVISORS

Pittsburgh, PA 15222

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CRD#: 1919347

Professional summary

Karen Lynn Lapina, CFP®, who also goes by Karen L Launikonis, Karen Lynn Launikonis, is a registered financial advisor currently at FRAGASSO FINANCIAL ADVISORS located in Pittsburgh, Pennsylvania and PRIVATE CLIENT SERVICES, LLC located in Sewickley, Pennsylvania.

Karen is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 1991. Karen has worked at 6 firms and has passed the Series 65, Series 63, SIE, Series 7, Series 6 and Series 24 exams.

Question & Answer

What are your service offerings?

Investment Planning

Comprehensive Financial Planni...

Estate Planning

Insurance Planning

Retirement Planning

Employee and Employer Plan Ben...

Tax Planning

Are you a "fiduciary"?

Yes

Aliases

Karen L Launikonis | Karen Lynn Launikonis

Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.

The advisor shows no other business activity.

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Karen Lynn Lapina's CRS (Customer Relationship Summary).

CRS (Customer Relationship Summary)

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®

CFP^®

Certified Financial Planner

Start date: 2013

Experience

Current

December 19, 2002 - Present

FRAGASSO FINANCIAL ADVISORS

Office #1: 2200 Georgetown Drive # 302, Pittsburgh, PA 15222

RIA

CRD#: 123255

Pittsburgh, PA

Current

August 2, 2018 - Present

PRIVATE CLIENT SERVICES, LLC

Office #1: 2200 Georgetown Drive Suite 302, Sewickley, PA 15143

RIA

CRD#: 120222

Sewickley, PA

Past

May 24, 2004 - August 3, 2018

LPL FINANCIAL LLC

CRD#: 6413

PITTSBURGH, PA

Past

July 29, 2003 - April 13, 2004

BPU INVESTMENT MANAGEMENT INC.

RIA

CRD#: 17058

PITTSBURGH, PA

Past

July 29, 2003 - April 13, 2004

BPU INVESTMENT MANAGEMENT INC.

CRD#: 17058

PITTSBURGH, PA

Past

August 15, 2000 - August 7, 2003

LPL FINANCIAL LLC

CRD#: 6413

FORT MILL, SC

Past

April 27, 1992 - October 7, 1994

LINCOLN FINANCIAL DISTRIBUTORS, INC.

CRD#: 145

Past

February 14, 1991 - November 20, 1991

VANGUARD MARKETING CORPORATION

CRD#: 7452

Primary Firm SEC Registration

This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".

FRAGASSO FINANCIAL ADVISORS

CRD#: 123255 / SEC#: 801-77097

RIA

Registered Investment Advisory firm - (9/12/2012 Approved)

Pennsylvania

Registered Investment Advisory firm - (9/19/2012 Terminated)

Why is a state registration marked "Terminated"? When a firm registers with the SEC (usually after managing $100M+ AUM), it often withdraws separate state firm registrations unless required by that state. The firm can still serve clients there through its individually registered Investment Advisor Representatives (IARs).

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

IAR

means the advisor is registered as an Investment Advisor Representative in this state and is authorized to provide investment advice to clients there.

indicates the advisor is registered as a Registered Representative in this state, allowing them to offer securities such as stocks, bonds, and mutual funds through a broker-dealer.

Visual representation of state registrations

California
(8/2/2018)

Delaware
(8/16/2018)

Florida
(8/2/2018)

New Jersey
(8/2/2018)

IAR

Pennsylvania
(12/19/2002)

Pennsylvania
(8/2/2018)

Don't see your state listed? The advisor may still be able to work with you under the federal De Minimis Rule, which allows up to five investment advisory clients in a state without registration. Some states, like TX, LA, NE, and NH, may still require registration or notice filing. Contact the advisor or their firm to confirm their investment advisory availability in your state. Note: This rule does not apply to broker-dealer activity.

Exams

State Security Law Exam

IAR

Series 65

Date: 7/24/2002

Uniform Investment Adviser Law Examination

State Security Law Exam

Series 63

Date: 10/24/2000

Uniform Securities Agent State Law Examination

General Industry/Product Exam

SIE

Date: 10/1/2018

Securities Industry Essentials Examination

General Industry/Product Exam

Series 7

Date: 8/14/2000

General Securities Representative Examination

General Industry/Product Exam

Series 6

Date: 2/12/1991

Investment Company Products/Variable Contracts Representative Examination

Principal/Supervisory Exam

Series 24

Date: 5/10/2018

General Securities Principal Examination

SRO Registrations

FINRA

Current Firm

FRAGASSO FINANCIAL ADVISORS

CRD#: 123255 / SEC#: 801-77097

RIA

Registered Investment Advisory firm - (9/12/2012 Approved)

Pennsylvania

Registered Investment Advisory firm - (9/19/2012 Terminated)

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Contact information

Main Address

2200 Georgetown Drive Suite 302, Sewickley, PA 15143

Mailing Address

Phone number

(412) 227-3200

Established

Firm type

Fiscal year end

# of Employees

SEC notice filing (26 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Latest Form ADV

Part 2 Brochures

FORM ADV PART 2A FIRM BROCHURE (2/18/2026)

Regulatory assets under management

Total Number of Accounts	5,753
AUM (Assets Under Management)	$ 2,831,366,332

Red Flags

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

Check for any disclosures as part of your thorough research when choosing an advisor.

Contact information

xxxxx@xxxx.xxx

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We're Here To Help

Advisor Monitoring

Firm Stability Insights

Karen L. Lapina

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Karen Lynn Lapina's CRS (Customer Relationship Summary).

Certified licenses

Experience

PRIVATE CLIENT SERVICES, LLC

LPL FINANCIAL LLC

BPU INVESTMENT MANAGEMENT INC.

BPU INVESTMENT MANAGEMENT INC.

LPL FINANCIAL LLC

LINCOLN FINANCIAL DISTRIBUTORS, INC.

VANGUARD MARKETING CORPORATION

Primary Firm SEC Registration

FRAGASSO FINANCIAL ADVISORS

State Registrations and Notice Filings

Exams

Series 65

Date: 7/24/2002

Series 63

Date: 10/24/2000

SIE

Date: 10/1/2018

Series 7

Date: 8/14/2000

Series 6

Date: 2/12/1991

Series 24

Date: 5/10/2018

FINRA

Current Firm

FRAGASSO FINANCIAL ADVISORS

Contact information

SEC notice filing (26 States and Territories)

Documents

Part 2 Brochures

Regulatory assets under management

Red Flags

Company Information

FRAGASSO FINANCIAL ADVISORS

TRUST BUT VERIFY

Contact information

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