APS Wealth Management provides portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
APS Wealth Management reports 180 clients. They include 90 pension and profit-sharing plans, 51 individual clients, and 32 high-net-worth individuals. Of its assets, 49.4% ($154M across 234 accounts) are managed with discretion; $158M across 92 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 28% | 6% |
| High-net-worth individuals | 18% | 33% |
| Pension and profit-sharing plans | 50% | 61% |
| Insurance companies | 4% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 51 | $18.1M | 5.8% | $355K |
| High-net-worth individuals | 32 | $102M | 32.8% | $3.19M |
| Pension and profit-sharing plans | 90 | $189M | 60.6% | $2.1M |
| Insurance companies | 7 | $2.49M | 0.8% | $356K |
| Total | 180 | $312M | 100% | $1.73M |
- Clients
- 51
- Regulatory AUM
- $18.1M
- AUM share
- 5.8%
- Avg. per client
- $355K
- Clients
- 32
- Regulatory AUM
- $102M
- AUM share
- 32.8%
- Avg. per client
- $3.19M
- Clients
- 90
- Regulatory AUM
- $189M
- AUM share
- 60.6%
- Avg. per client
- $2.1M
- Clients
- 7
- Regulatory AUM
- $2.49M
- AUM share
- 0.8%
- Avg. per client
- $356K
Total
- Clients
- 180
- Regulatory AUM
- $312M
- AUM share
- 100%
- Avg. per client
- $1.73M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
APS Wealth Management is paid through a percentage of assets under management and fixed fees (other than subscription fees); its fees and minimums are set out in its brochures on the SEC website.
Steven Musmanno owns 50% to 75% of APS Wealth Management. The leadership team of APS Wealth Management includes Chief Compliance Officer Sharon Roland. It has 9 employees, 4 of them in advisory roles.
Staff
- 9 employees
- 4 in advisory functions
- 3 state-registered reps
- 3 insurance agents
- Owns 50% to 75% of Aps Wealth Management, LLC
Steven Musmanno
Control person · since September 2018
- Owns 50% to 75% of Aps Wealth Management, LLC
Stephen Abramson
Control person · since September 2018
APS Wealth Management’s regulatory assets grew 1.6× from $195M (March 2021) to $312M (May 2026); clients rose from 167 to 180 and employees from 6 to 9.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| May 2026May 2026 | $312M | 180 | 9 | 1 |
| Feb 2025February 2025 | $265M | 184 | 10 | 1 |
| Feb 2024February 2024 | $232M | 195 | 6 | 1 |
| Feb 2023February 2023 | $190M | 191 | 6 | 1 |
| May 2022May 2022 | $231M | 191 | 4 | 1 |
| Mar 2021March 2021 | $195M | 167 | 6 | 1 |
Besides its headquarters, APS Wealth Management has 0 offices, with 1 listed address in 1 state.
New York · 1 listed address
- 1 Huntington Quadrangle, Suite 3n03, MelvilleHQ
Other business names
APS Wealth Management has reported 2 other business names to the SEC.
- Aps Investment Management, Inc.
- Aps Pension & Financial Services, Inc.
Contact and registration details
- Legal name
- Aps Wealth Management, LLC
- Headquarters
- 1 Huntington Quadrangle, Suite 3n03, Melville, NY 11747
- Website
- apspension.com
- Phone
- 516-228-8444
- SEC file
- 801-114000
- Structure
- Delaware LLC
- Fiscal year end
- December
APS Wealth Management’s named custodians for separately managed accounts are Charles Schwab ($168M, 63%) and Ascensus Trust ($98.9M, 37%). APS Wealth Management does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · New York, NY · $168M63%
- Ascensus TrustAscensus Trust · Fargo, ND · $98.9M37%
At year end, APS Wealth Management’s separately managed accounts were mostly in funds (86%) and stocks (11%).
What the accounts hold
- Stocks11%
- Funds86%
- Registered funds85%
- Pooled vehicles1%
- Cash3%
How many clients does APS Wealth Management have?
APS Wealth Management has 180 clients and manages $312 million for them, as of May 2026. They include 90 pension and profit-sharing plans, 51 individual clients, and 32 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 4 May 2026
What services does APS Wealth Management offer?
APS Wealth Management provides portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does APS Wealth Management use?
APS Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (New York, NY), with $168M and Ascensus Trust (Fargo, ND), with $98.9M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 4 May 2026
How many financial advisors does APS Wealth Management have?
APS Wealth Management has 3 investment adviser representatives registered with state securities authorities, out of 9 employees, and 4 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 3 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does APS Wealth Management invest in?
At the end of its last fiscal year, APS Wealth Management’s separately managed accounts held 85% registered funds (mutual funds, ETFs, BDCs), 11% exchange-traded equities, 3% cash and equivalents and 1% pooled vehicles (private funds and similar).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns APS Wealth Management?
APS Wealth Management’s direct owners are Steven Musmanno (50% to 75%) and Stephen Abramson (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 4 May 2026
How does APS Wealth Management get paid?
APS Wealth Management is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact APS Wealth Management?
APS Wealth Management’s main office is at 1 Huntington Quadrangle, Suite 3n03, Melville, NY 11747. Its phone number is 516-228-8444. Its website is apspension.com.