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Arax Advisory Partners

SEC-registered adviser since 2006New York, NYCRD 133535

$26.5B
AUM
15,662
Clients
See fees
Fee
168
Advisory staff

From Form ADV filed 14 August 2026 · data retrieved 15 October 2026SEC record

Arax Advisory Partners is an investment adviser headquartered in New York, New York, and registered with the SEC since 2006. Its clients include high-net-worth individuals, other individuals, and corporations and other businesses. High-net-worth individuals account for 80% of its regulatory assets under management.

Its services include financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers, and educational seminars. Fee arrangements include a percentage of assets under management, hourly charges, fixed fees, performance-based fees and other arrangements. Arax Wealth, LLC owns 75% or more of Arax Advisory Partners.

Clients

Arax Advisory Partners serves 15,662 clients, 4,949 of them high-net-worth individuals. The average client has about $1.7 million with the firm, and high-net-worth clients hold 80% of its $26.5 billion in assets.

Regulatory assets by client type
  • Individuals10,206 clients11%
  • High-net-worth individuals4,949 clients80%
  • Corporations and other businesses312 clients5%
  • OtherPooled investment vehicles, Pension and profit-sharing plans, Charitable organizations3%
Show client breakdown
Individuals (other than HNW)
Clients
10,206
Regulatory AUM
$3,048,432,460
Share
11.5%
Avg. per client
$299K
High-net-worth individuals
Clients
4,949
Regulatory AUM
$21,243,764,389
Share
80.1%
Avg. per client
$4.29M
Pooled investment vehicles
Clients
12
Regulatory AUM
$235,143,023
Share
0.9%
Avg. per client
$19.6M
Pension and profit-sharing plans
Clients
53
Regulatory AUM
$285,237,623
Share
1.1%
Avg. per client
$5.38M
Charitable organizations
Clients
130
Regulatory AUM
$298,695,550
Share
1.1%
Avg. per client
$2.30M
Corporations and other businesses
Clients
312
Regulatory AUM
$1,413,700,161
Share
5.3%
Avg. per client
$4.53M

Total

Clients
15,662
Regulatory AUM
$26,524,973,206
Share
100%
Avg. per client
$1.69M

What it does

Arax Advisory Partners provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers, educational seminars and other activities. It is paid through a percentage of assets, hourly charges, fixed fees, performance-based fees and other arrangements.

Arax Advisory Partners provided financial planning to 5,000 clients last fiscal year and advises 17 private funds.

89.8% of assets ($23.83B across 35,710 accounts) are managed with discretion; $2.69B across 3,428 accounts are not. $3.08B sits in a wrap fee program the firm both sponsors and manages. 1% of clients are outside the U.S., and 16 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks48%
  • Funds34%
    • Registered funds24%
    • Pooled vehicles10%
  • Bonds8%
    • U.S. government and agency bonds4%
    • State and local bonds2%
    • Investment grade corporate bonds1%
    • High-yield corporate bonds1%
  • Cash8%
  • Other2%
    • Alternative investments, private placements, and other assets diversified across various asset types2%

Custodians

Arax Advisory Partners’ client accounts are held mainly at Fidelity, with 34% of managed assets, and Charles Schwab, with 31%. Arax Advisory Partners has custody of $2.43B for 1,285 clients.

Managed account assets by custodian
  • Charles SchwabCharles Schwab & Co., Inc. · Roseville, CA · $8.26B31%
  • FidelityFidelity Brokerage Services LLC · Smithfield, RI · $9.06B34%
  • PershingPershing Advisor Solutions LLC · Jersey City, NJ · $2.56B10%
  • FidelityNational Financial Services LLC · Boston, MA · $6.17B23%
  • All other custodians$471.6M2%

Ownership and leadership

Arax Wealth, LLC owns 75% or more of Arax Advisory Partners.

Who owns the firm
Arax Advisory Partners, LLC· the adviser

  • Arax Wealth, LLC

    Control person · since June 2026

    Owns 75% or more of Arax Advisory Partners, LLC

Leadership

  • Diego Galan
    Chief Financial Officer
  • Brian Durkin
    Chief Compliance Officer
  • Gerald Ariyan
    Chairman
  • James Fortescue
    Managing Partner
  • Drinan Gorney
    Chief of Legal and Compliance
  • David King
    Managing Partner
  • Patrick Mendenhall
    Managing Partner
  • Michael Riordan
    Managing Partner
  • Ryan Stuart
    Director of Operations

Staff

  • 361 employees
  • 168 in advisory functions
  • 230 state-registered reps
  • 118 broker-dealer reps
  • 105 insurance agents
  • 21 soliciting firms

Reported holdings

Arax Advisory Partners’ reported 13F holdings total $15.08B across 5,206 positions, and the ten largest make up 18.3% of it.

$15.08B
Reported 13F value
5,206
Positions
18.3%
In the 10 largest
+325.9%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. State Str SPDR S&P 500 ETF T · TR Unit2.7%
  2. Apple Inc.2.7%
  3. iShares TR · Core S&P500 ETF2.2%
  4. Vanguard Index Fds · Growth ETF2.0%
  5. Nvidia Corporation2.0%
  6. Invesco Qqq TR · Unit Ser 11.8%
  7. Blackrock ETF Trust · iShares US Equit1.3%
  8. Comfort Sys USA Inc.1.2%
  9. Microsoft Corp.1.2%
  10. Vanguard Index Fds · Total Stk Mkt1.1%

Together, the ten largest are 18.3% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 10 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $15.08B is not its $26.52B in regulatory assets and does not represent any individual client's portfolio.

Fees

Arax Advisory Partners is paid through a percentage of assets under management, hourly charges, fixed fees (other than subscription fees), performance-based fees and other.

Arax Advisory Partners’ fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Arax Advisory Partners has 38 offices (9 private residences, listed without an address), with 33 listed addresses across 15 states.

Listed office addresses by state

New York · 3 listed addresses

  • 10 East 53rd Street, 14th Floor, New YorkHQ
  • 2649 South Road, Poughkeepsie
  • 521 Fifth Avenue, New York

Other business names

Arax Advisory Partners has reported 20 other business names to the SEC.

  • Arax Wealth
  • Avera Capital Wealth Management
  • Cedrus
  • GFP Private Wealth
  • Georgina Asset Management
  • Kleinhenz & Associates
  • Logix Investments
  • Millares Asset Management
  • Norte Advisors
  • Noven Financial Group
  • Omni Financial Advisory Group
  • SRS Capital Advisors
  • Schechter Investment Advisors
  • Summit Wealth Strategies
  • The Oak Group
  • Transcend Capital Advisors
  • U.S. Capital Wealth
  • U.S. Capital Wealth Advisors
  • Wellth Partner
  • Young Wealth Management Group

Registration details

Legal name
Arax Advisory Partners, LLC
Headquarters
10 East 53rd Street, 14th Floor, New York, NY 10022
Phone
646-777-1823
Website
www.araxadvisorypartners.com
SEC file
801-67165
Structure
Delaware LLC
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Arax Advisory Partners have?

Arax Advisory Partners has 15,662 clients and manages $26.5 billion for them, as of August 2026. They include 10,206 other individuals, 4,949 high-net-worth individuals and 312 corporations and other businesses.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 14 August 2026

What services does Arax Advisory Partners offer?

Arax Advisory Partners provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers, educational seminars and other activities.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Arax Advisory Partners use?

Arax Advisory Partners’ separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $9,058,530,711, Charles Schwab & Co., Inc. (Roseville, CA), with $8,260,467,568, National Financial Services LLC (Boston, MA), with $6,169,718,350 and Pershing Advisor Solutions LLC (Jersey City, NJ), with $2,564,628,061. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 14 August 2026

How many financial advisors does Arax Advisory Partners have?

Arax Advisory Partners has 230 investment adviser representatives registered with state securities authorities, out of 361 employees, and 168 perform investment advisory functions. 118 are registered representatives of a broker-dealer and 105 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 Arax Advisory Partners invest in?

At the end of its last fiscal year, Arax Advisory Partners’ separately managed accounts held 48% exchange-traded equities, 24% registered funds (mutual funds, ETFs, BDCs), 10% pooled vehicles (private funds and similar), 8% cash and equivalents, 4% U.S. government and agency bonds, 2% state and local bonds, 2% alternative investments, private placements, and other assets diversified across various asset types, 1% investment grade corporate bonds and 1% high-yield corporate bonds. It advises 17 private funds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Arax Advisory Partners?

Arax Advisory Partners’ direct owner is Arax Wealth, LLC (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 14 August 2026

How does Arax Advisory Partners get paid?

Arax Advisory Partners is paid through a percentage of assets under management, hourly charges, fixed fees, performance-based fees and other arrangements. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 14 August 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 133535.
  3. Form 13F-HR, filed 10 August 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Arax Advisory Partners, LLC and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.