# EDGAR Filing Document

**Accession Number:** 0001102062
**File Stem:** 0001172661-25-004730
**Filing Date:** 2025-11
**Character Count:** 14111
**Document Hash:** 6e5c16c4fca477b9510d5892c58e70f6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-004730.hdr.sgml**: 20251112

**ACCESSION NUMBER**: 0001172661-25-004730

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251112

**DATE AS OF CHANGE**: 20251112

**EFFECTIVENESS DATE**: 20251112

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AmeriServ Wealth Advisors
- **CENTRAL INDEX KEY:** 0001102062

**ORGANIZATION NAME:**
- **EIN:** 232784994
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-05257
- **FILM NUMBER:** 251472289

**BUSINESS ADDRESS:**
- **STREET 1:** 216 FRANKLIN STREET
- **CITY:** JOHNSTOWN
- **STATE:** PA
- **ZIP:** 15901
- **BUSINESS PHONE:** 8145335338

**MAIL ADDRESS:**
- **STREET 1:** 216 FRANKLIN STREET
- **CITY:** JOHNSTOWN
- **STATE:** PA
- **ZIP:** 15901

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WEST CHESTER CAPITAL ADVISORS, INC
- **DATE OF NAME CHANGE:** 20050719

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WESTCHESTER CAPITAL ADVISORS /PA
- **DATE OF NAME CHANGE:** 19991229

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** AmeriServ Wealth Advisors<br>**Address:** 216 Franklin Street<br>Johnstown, PA 15901

**Form 13F File Number:** 028-05257

**CRD Number (if applicable):** 000105846

**SEC File Number (if applicable):** 801-47835

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Frank J. Lapinsky<br>**Title:** PRESIDENT  CEO<br>**Phone:** 814-533-5392

**Signature, Place, and Date of Signing:**

/s/ Frank J. Lapinsky  Johnstown, PA  11-12-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 1

**Form 13F Information Table Entry Total:** 105

**Form 13F Information Table Value Total:** $197929868

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                         | Form 13F File Number   |
|:---|:---|:---|
|  | AMERISERV FINANCIAL INC /PA/ |  |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| BOEING CO | COM | 097023105 |  | 99929 | 463 | SH |  | OTR | 1 | 43 | 0 | 420 |
| ISHARES TR | CORE S ETF | 464287200 |  | 468510 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| PROSHARES TR | PSHS ULTRA QQQ | 74347R206 |  | 898934 | 6552 | SH |  | SOLE |  | 6552 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 49551 | 842 | SH |  | OTR | 1 | 842 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 244773 | 776 | SH |  | SOLE |  | 768 | 0 | 8 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 4498 | 38 | SH |  | OTR | 1 | 38 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 164376 | 881 | SH |  | OTR | 1 | 881 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 291879 | 855 | SH |  | SOLE |  | 855 | 0 | 0 |
| PROSHARES TR | PSHS ULT S 500 | 74347R107 |  | 127155 | 1134 | SH |  | OTR | 1 | 1134 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 3037 | 34 | SH |  | OTR | 1 | 34 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 98857 | 492 | SH |  | OTR | 1 | 492 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 472161 | 5285 | SH |  | SOLE |  | 5285 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 1439740 | 5108 | SH |  | SOLE |  | 5108 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 9158354 | 155622 | SH |  | SOLE |  | 155622 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 667057 | 8216 | SH |  | SOLE |  | 8216 | 0 | 0 |
| LITMAN GREGORY FDS TR | IMGP DBI MANAGED | 53700T827 |  | 2158309 | 79030 | SH |  | SOLE |  | 79030 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 432869 | 1268 | SH |  | OTR | 1 | 1241 | 0 | 27 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 11878 | 224 | SH |  | OTR | 1 | 224 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 208336 | 857 | SH |  | OTR | 1 | 857 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | LONG TERM TREAS | 92206C847 |  | 55665 | 979 | SH |  | OTR | 1 | 979 | 0 | 0 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 783020 | 8110 | SH |  | SOLE |  | 8110 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 18998 | 234 | SH |  | OTR | 1 | 234 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 145355 | 662 | SH |  | OTR | 1 | 622 | 0 | 40 |
| ELI LILLY  CO | COM | 532457108 |  | 2179891 | 2857 | SH |  | SOLE |  | 2699 | 0 | 158 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 1156173 | 1888 | SH |  | OTR | 1 | 1888 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 92552 | 691 | SH |  | SOLE |  | 691 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 68477 | 169 | SH |  | OTR | 1 | 169 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 248278 | 817 | SH |  | SOLE |  | 667 | 0 | 150 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 66426 | 688 | SH |  | OTR | 1 | 688 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 305070 | 9093 | SH |  | SOLE |  | 9093 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 54936 | 72 | SH |  | OTR | 1 | 72 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 2644 | 19 | SH |  | OTR | 1 | 19 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 143204 | 195 | SH |  | OTR | 1 | 195 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 1792439 | 7408 | SH |  | SOLE |  | 7408 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 225782 | 1392 | SH |  | SOLE |  | 400 | 0 | 992 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 |  | 1256651 | 14022 | SH |  | SOLE |  | 14022 | 0 | 0 |
| PROSHARES TR | PSHS ULTRA QQQ | 74347R206 |  | 138023 | 1006 | SH |  | OTR | 1 | 1006 | 0 | 0 |
| LITMAN GREGORY FDS TR | IMGP DBI MANAGED | 53700T827 |  | 12289 | 450 | SH |  | OTR | 1 | 450 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | LONG TERM TREAS | 92206C847 |  | 9715554 | 170868 | SH |  | SOLE |  | 170868 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 7685107 | 144920 | SH |  | SOLE |  | 144920 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 67092 | 651 | SH |  | OTR | 1 | 651 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 332751 | 2457 | SH |  | SOLE |  | 2457 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1092243 | 1180 | SH |  | SOLE |  | 1180 | 0 | 0 |
| VANGUARD ADMIRAL FDS INC | 500 GRTH IDX F | 921932505 |  | 75334 | 173 | SH |  | OTR | 1 | 173 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 313359 | 605 | SH |  | OTR | 1 | 605 | 0 | 0 |
| EXELON CORP | COM | 30161N101 |  | 480886 | 10684 | SH |  | SOLE |  | 10684 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 435015 | 653 | SH |  | OTR | 1 | 653 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 559863 | 2594 | SH |  | SOLE |  | 2590 | 0 | 4 |
| AMERISERV FINL INC | COM | 03074A102 |  | 2583233 | 890770 | SH |  | SOLE |  | 0 | 0 | 890770 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 183264 | 581 | SH |  | OTR | 1 | 581 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 473792 | 2358 | SH |  | SOLE |  | 2253 | 0 | 105 |
| META PLATFORMS INC | CL A | 30303M102 |  | 326064 | 444 | SH |  | SOLE |  | 394 | 0 | 50 |
| AMAZON COM INC | COM | 023135106 |  | 476906 | 2172 | SH |  | SOLE |  | 2066 | 0 | 106 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 135900 | 558 | SH |  | SOLE |  | 558 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 233857 | 4533 | SH |  | SOLE |  | 0 | 0 | 4533 |
| ISHARES TR | CORE S ETF | 464287200 |  | 303862 | 454 | SH |  | OTR | 1 | 454 | 0 | 0 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 |  | 845026 | 5479 | SH |  | SOLE |  | 5479 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 6764 | 24 | SH |  | OTR | 1 | 24 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 18675 | 362 | SH |  | OTR | 1 | 362 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 |  | 7348 | 82 | SH |  | OTR | 1 | 82 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 915736 | 16999 | SH |  | SOLE |  | 16999 | 0 | 0 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 754963 | 6378 | SH |  | SOLE |  | 6378 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 251830 | 1034 | SH |  | OTR | 1 | 1034 | 0 | 0 |
| F N B CORP | COM | 302520101 |  | 1755 | 109 | SH |  | OTR | 1 | 109 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 11508 | 93 | SH |  | OTR | 1 | 93 | 0 | 0 |
| BLACKROCK MUNIYIELD FD INC | COM | 09253W104 |  | 236280 | 22375 | SH |  | SOLE |  | 0 | 0 | 22375 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 1229661 | 14100 | SH |  | SOLE |  | 14100 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 341426 | 2759 | SH |  | SOLE |  | 2759 | 0 | 0 |
| NUVEEN PENNSYLVANIA QLT MUN | COM | 670972108 |  | 399372 | 33281 | SH |  | SOLE |  | 33281 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 79036824 | 129065 | SH |  | SOLE |  | 129065 | 0 | 0 |
| F N B CORP | COM | 302520101 |  | 451933 | 28053 | SH |  | SOLE |  | 13532 | 0 | 14521 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 3894 | 72 | SH |  | OTR | 1 | 72 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 128545 | 423 | SH |  | OTR | 1 | 0 | 0 | 423 |
| HOME DEPOT INC | COM | 437076102 |  | 177878 | 439 | SH |  | SOLE |  | 439 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 7064 | 81 | SH |  | OTR | 1 | 81 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 99174 | 1841 | SH |  | OTR | 1 | 1841 | 0 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 112761 | 1169 | SH |  | OTR | 1 | 1169 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 110232 | 823 | SH |  | OTR | 1 | 399 | 0 | 424 |
| NUVEEN QUALITY MUNCP INCOME | COM | 67066V101 |  | 181241 | 15504 | SH |  | SOLE |  | 0 | 0 | 15504 |
| WALMART INC | COM | 931142103 |  | 895591 | 8690 | SH |  | SOLE |  | 8690 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 11130 | 46 | SH |  | OTR | 1 | 46 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 147075 | 605 | SH |  | SOLE |  | 605 | 0 | 0 |
| VANGUARD ADMIRAL FDS INC | 500 GRTH IDX F | 921932505 |  | 1165290 | 2676 | SH |  | SOLE |  | 2676 | 0 | 0 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 3125157 | 57777 | SH |  | SOLE |  | 57777 | 0 | 0 |
| ISHARES TR | CORE DIVID ETF | 46435U861 |  | 6792 | 130 | SH |  | OTR | 1 | 130 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 10206 | 17 | SH |  | OTR | 1 | 17 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 411108 | 2954 | SH |  | SOLE |  | 2954 | 0 | 0 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 21623541 | 180935 | SH |  | SOLE |  | 180935 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 568251 | 853 | SH |  | SOLE |  | 362 | 0 | 491 |
| ISHARES TR | CORE DIVID ETF | 46435U861 |  | 263862 | 5050 | SH |  | SOLE |  | 5050 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 5284 | 80 | SH |  | OTR | 1 | 80 | 0 | 0 |
| UNITED STS NAT GAS FD LP | UNIT PAR | 912318409 |  | 784200 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| PROSHARES TR | PSHS ULT S 500 | 74347R107 |  | 840190 | 7493 | SH |  | SOLE |  | 7493 | 0 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 22997414 | 238414 | SH |  | SOLE |  | 238414 | 0 | 0 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 |  | 58761 | 381 | SH |  | OTR | 1 | 381 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 357725 | 1961 | SH |  | SOLE |  | 911 | 0 | 1050 |
| APPLE INC | COM | 037833100 |  | 1975164 | 7757 | SH |  | SOLE |  | 2681 | 0 | 5076 |
| NETFLIX INC | COM | 64110L106 |  | 416025 | 347 | SH |  | SOLE |  | 347 | 0 | 0 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 94532 | 791 | SH |  | OTR | 1 | 791 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1929237 | 10340 | SH |  | SOLE |  | 10340 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 62017 | 67 | SH |  | OTR | 1 | 67 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 398750 | 1566 | SH |  | OTR | 1 | 1491 | 0 | 75 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 631533 | 9560 | SH |  | SOLE |  | 8126 | 0 | 1434 |
| MICROSOFT CORP | COM | 594918104 |  | 904340 | 1746 | SH |  | SOLE |  | 1741 | 0 | 5 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1696645 | 2826 | SH |  | SOLE |  | 2826 | 0 | 0 |

---