Karen A. Leppla

HEARTLAND ADVISORS

Milwaukee, WI 53202

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CRD#: 2876954

Professional summary

Karen Ann Leppla, who also goes by Karen Ann Hoey, Karen Hoey, is a registered financial advisor currently at HEARTLAND ADVISORS, INC. located in Milwaukee, Wisconsin and ALPS DISTRIBUTORS, INC. located in Milwaukee, Wisconsin.

Karen is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 1998. Karen has worked at 3 firms and has passed the Series 65, Series 63, Series 57TO, SIE, Series 55, Series 7 and Series 24 exams.

Question & Answer

Are you a "fiduciary"?

Yes

Aliases

Karen Ann Hoey | Karen Hoey

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.

1. HEARTLAND ADVISORS INC, INVESTMENT RELATED, 790 N WATER STREET SUITE 1200 MILWAUKEE WI 53202, ASSET MANAGEMENT, VICE PRESIDENT DIRECTOR OF TRADING, 09/2022, 160 HRS/MON, 130 HRS/MON DURING TRADING, TRADING. 2. ALPS DISTRIBUTORS, INC, INVESTMENT RELATED, 1290 BROADWAY SUITE 1000 DENVER CO 80203, BD, REGISTERED REPRESENTATIVE, 09/2022, 160 HRS/MON, 130 HRS/MON DURING TRADING HOURS.

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Karen Ann Leppla'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®

None

Experience

Current

November 1, 2022 - Present

HEARTLAND ADVISORS, INC.

Office #1: 790 N Water Street Suite 1200, Milwaukee, WI 53202

RIA

CRD#: 29433

Milwaukee, WI

Current

September 8, 2022 - Present

ALPS DISTRIBUTORS, INC.

Office #1: 790 Water Street Suite 1200, Milwaukee, WI 53202

CRD#: 16853

Milwaukee, WI

Past

November 11, 1998 - January 13, 2022

ROBERT W. BAIRD & CO. INCORPORATED

RIA

CRD#: 8158

MILWAUKEE, WI

Past

September 28, 1998 - January 13, 2022

ROBERT W. BAIRD & CO. INCORPORATED

CRD#: 8158

MILWAUKEE, WI

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".

HEARTLAND ADVISORS, INC.

CRD#: 29433 / SEC#: 801-19074, 8-44310

RIA

Registered Investment Advisory firm - SEC (6/23/1983 Approved)

Terminated by SEC on 12/09/2003

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

Wisconsin
(9/8/2022)

IAR

Wisconsin
(11/1/2022)

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: 10/31/2022

Uniform Investment Adviser Law Examination

State Security Law Exam

Series 63

Date: 10/7/1998

Uniform Securities Agent State Law Examination

General Industry/Product Exam

Series 57TO

Date: 1/2/2023

Securities Trader Exam

General Industry/Product Exam

SIE

Date: 10/1/2018

Securities Industry Essentials Examination

General Industry/Product Exam

Series 55

Date: 8/26/1999

Limited Representative-Equity Trader Exam

General Industry/Product Exam

Series 7

Date: 9/26/1998

General Securities Representative Examination

Principal/Supervisory Exam

Series 24

Date: 2/13/2023

General Securities Principal Examination

SRO Registrations

FINRA

Current Firm

HEARTLAND ADVISORS, INC.

CRD#: 29433 / SEC#: 801-19074, 8-44310

RIA

Registered Investment Advisory firm - SEC (6/23/1983 Approved)

Terminated by SEC on 12/09/2003

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Contact information

Main Address

790 N Water Street Suite 1200, Milwaukee, WI 53202

Mailing Address

Phone number

(414) 347-7777

Established

Wisconsin since 03/03/1953

Firm type

Corporation

Fiscal year end

December

# of Employees

SEC notice filing (17 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Latest Form ADV

Part 2 Brochures

HEARTLAND ADVISORS, INC. BROCHURE (ADV PART 2A) (8/14/2025)

Direct owners and executive officers

Name	Position	CRD#
HEARTLAND HOLDINGS, INC.	SHAREHOLDER
BEST, NICOLE JEANNINE	SENIOR VICE PRESIDENT & TREASURER	3053329
BESTE, PAUL TIMOTHY	CHIEF OPERATING OFFICER	2262587
MILLER, ERIC JAMES	SENIOR VICE PRESIDENT & DIRECTOR	2437730
NASGOVITZ, WILLIAM JOHN	PRESIDENT, CHIEF EXECUTIVE OFFICER	344990

Regulatory assets under management

Total Number of Accounts	92
AUM (Assets Under Management)	$ 1,885,901,565

Disclosures

Regulatory Event

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.

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Firm Stability Insights

Karen A. Leppla

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Karen Ann Leppla's CRS (Customer Relationship Summary).

Certified licenses

Experience

ALPS DISTRIBUTORS, INC.

ROBERT W. BAIRD & CO. INCORPORATED

ROBERT W. BAIRD & CO. INCORPORATED

Primary Firm SEC Registration

HEARTLAND ADVISORS, INC.

State Registrations and Notice Filings

Exams

Series 65

Date: 10/31/2022

Series 63

Date: 10/7/1998

Series 57TO

Date: 1/2/2023

SIE

Date: 10/1/2018

Series 55

Date: 8/26/1999

Series 7

Date: 9/26/1998

Series 24

Date: 2/13/2023

FINRA

Current Firm

HEARTLAND ADVISORS, INC.

Contact information

SEC notice filing (17 States and Territories)

Documents

Part 2 Brochures

Direct owners and executive officers

Regulatory assets under management

Disclosures

Red Flags

Company Information

HEARTLAND ADVISORS, INC.

TRUST BUT VERIFY

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