{"url":"https://nivawealth.com/firms/aps-wealth-management-298233","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/298233","regulatoryAum":311548181,"crd":"298233","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"854692","suffix":null,"lastName":"ABRAMSON","firstName":"STEPHEN","middleName":null},{"crd":"5110938","suffix":null,"lastName":"KOHLI","firstName":"AMANPREET","middleName":"SINGH"},{"crd":"2944238","suffix":null,"lastName":"MUSMANNO","firstName":"STEVEN","middleName":"JOHN"},{"crd":"4428272","suffix":null,"lastName":"PHILLIPS","firstName":"MARK","middleName":"HOWARD"}],"total":4,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-29","regulatoryAum":194902662,"clients":167,"employees":6,"offices":1},{"filedOn":"2022-05-04","regulatoryAum":231435597,"clients":191,"employees":4,"offices":1},{"filedOn":"2023-02-13","regulatoryAum":189868515,"clients":191,"employees":6,"offices":1},{"filedOn":"2024-02-27","regulatoryAum":232281188,"clients":195,"employees":6,"offices":1},{"filedOn":"2025-02-27","regulatoryAum":264663888,"clients":184,"employees":10,"offices":1},{"filedOn":"2026-05-04","regulatoryAum":311548181,"clients":180,"employees":9,"offices":1}],"secFileNumber":"801-114000","legalName":"Aps Wealth Management, LLC","displayName":"APS Wealth Management","slug":"aps-wealth-management-298233","website":"https://apspension.com/","classification":{"segment":"institutions","segmentLabel":"Institutional","type":"institutional_wealth_manager","typeLabel":"OCIO / institutional wealth","feeDisclosure":"payment_only"},"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"1 Huntington Quadrangle, Suite 3n03","city":"Melville","state":"NY","stateName":"New York","country":"United States","postalCode":"11747"},"tradeNames":["Aps Investment Management, Inc.","Aps Pension & Financial Services, Inc."],"registration":{"secApproved":"17 September 2018","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1448529.8795180724,"staff":{"employees":9,"advisory":4,"brokerDealerReps":0,"insuranceAgents":3,"promoters":0},"aum":{"regulatory":311548181,"discretionary":153940459,"discretionaryAccounts":234,"nonDiscretionary":157607722,"nonDiscretionaryAccounts":92,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":51,"regulatoryAum":18107064},{"label":"High-net-worth individuals","clients":32,"regulatoryAum":102120916},{"label":"Pension and profit-sharing plans","clients":90,"regulatoryAum":188830201},{"label":"Insurance companies","clients":7,"regulatoryAum":2490000}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"New York, NY","smaAssets":168025722},{"name":"Ascensus Trust","shortName":"Ascensus Trust","location":"Fargo, ND","smaAssets":98897845}],"custodyNote":"APS Wealth Management does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Sharon Roland","title":"Chief Compliance Officer","crd":"4879519"},{"name":"Stephen Abramson","title":"Managing Member","crd":"854692"},{"name":"Steven Musmanno","title":"Managing Member","crd":"2944238"}],"ownership":[{"label":"Steven Musmanno","detail":"Managing member in the 50% to 75% ownership band and a control person, since September 2018."},{"label":"Stephen Abramson","detail":"Managing member in the 50% to 75% ownership band and a control person, since September 2018."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"New York","offices":1,"addresses":[{"street":"1 Huntington Quadrangle, Suite 3n03","city":"Melville","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"516-228-8444","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":11},{"label":"Securities issued by registered investment companies or business development companies","percent":85},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":1},{"label":"Cash and cash equivalents","percent":3}],"privateFunds":0},"sources":{"adv1FilingDate":"4 May 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/298233/PDF/298233.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does APS Wealth Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does APS Wealth Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does APS Wealth Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does APS Wealth Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does APS Wealth Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns APS Wealth Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does APS Wealth Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact APS Wealth Management?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 4 May 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}