CFS Investment Advisory Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers. Financial planning was provided to 251–500 clients last fiscal year.
CFS Investment Advisory Services reports 1,238 clients. They include 607 individual clients, 532 high-net-worth individuals, and 87 pension and profit-sharing plans. Of its assets, 67.9% ($1.85B across 3,374 accounts) are managed with discretion; $875M across 63 accounts are not. A wrap fee program the firm both sponsors and manages holds $686K. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 49% | 5% |
| High-net-worth individuals | 43% | 59% |
| Pension and profit-sharing plans | 7% | 35% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 607 | $145M | 5.3% | $238K |
| High-net-worth individuals | 532 | $1.61B | 59.1% | $3.03M |
| Pension and profit-sharing plans | 87 | $942M | 34.5% | $10.8M |
| Charitable organizations | 5 | $21.1M | 0.8% | $4.22M |
| Corporations and other businesses | 7 | $7.46M | 0.3% | $1.07M |
| Total | 1,238 | $2.73B | 100% | $2.21M |
- Clients
- 607
- Regulatory AUM
- $145M
- AUM share
- 5.3%
- Avg. per client
- $238K
- Clients
- 532
- Regulatory AUM
- $1.61B
- AUM share
- 59.1%
- Avg. per client
- $3.03M
- Clients
- 87
- Regulatory AUM
- $942M
- AUM share
- 34.5%
- Avg. per client
- $10.8M
- Clients
- 5
- Regulatory AUM
- $21.1M
- AUM share
- 0.8%
- Avg. per client
- $4.22M
- Clients
- 7
- Regulatory AUM
- $7.46M
- AUM share
- 0.3%
- Avg. per client
- $1.07M
Total
- Clients
- 1,238
- Regulatory AUM
- $2.73B
- AUM share
- 100%
- Avg. per client
- $2.21M
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
CFS Investment Advisory Services charges 0.25%–1.25% a year for its Investment management fees. The fee is billed in advance, is negotiable and requires an account of at least $500,000. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Stand-alone financial planning and consulting
- Stand-alone financial planning and consulting is a fixed fee of $500 to $5,000, or $450 per hour.
Gregory Makowski owns 50% to 75% of CFS Investment Advisory Services. The leadership team of CFS Investment Advisory Services includes Chief Compliance Officer Gregory Makowski. It has 13 employees, 10 of them in advisory roles.
Leadership
- Gregory MakowskiManaging Member/Chief Compliance Officer
- Harris NydickManaging Member
Investment adviser representatives
10 representatives listed in the SEC register as of 9 October 2026.
- John Joseph Bartlett
- Anthony E Ghetian
- Robert Michael Jaffe
- Alexandra Marie Makowski
- Gregory Mark Makowski
- Harris Scott Nydick
- Philip Samuel Nydick
- Alexander Christopher Paszkiewicz
- Edward Swikart III
- John Ryan Swikart
Staff
- 13 employees
- 10 in advisory functions
- 10 state-registered reps
- 7 insurance agents
- 1 soliciting firm
- Owns 50% to 75% of CFS Investment Advisory Services LLC
Gregory Makowski
Control person · since January 1998
- Owns 50% to 75% of CFS Investment Advisory Services LLC
Harris Nydick
Control person · since January 1998
CFS Investment Advisory Services’ regulatory assets grew 1.6× from $1.68B (May 2021) to $2.73B (March 2026); clients rose from 827 to 1,238 and employees from 12 to 13.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $2.73B | 1,238 | 13 | 3 |
| Mar 2025March 2025 | $2.38B | 1,182 | 16 | 3 |
| Mar 2024March 2024 | $2.09B | 1,183 | 10 | 3 |
| Mar 2023March 2023 | $1.81B | 1,034 | 12 | 3 |
| Mar 2022March 2022 | $2.05B | 871 | 12 | 3 |
| May 2021May 2021 | $1.68B | 827 | 12 | 3 |
Besides its headquarters, CFS Investment Advisory Services has 2 offices (1 private residence, listed without an address), with 2 listed addresses in 1 state.
New Jersey · 2 listed addresses
- 97 Lackawanna Avenue, Suite 101, TotowaHQ
- 101 Crawfords Corner Road, Holmdel
Other business names
CFS Investment Advisory Services has reported 1 other business name to the SEC.
- CFS Common Financial Sense
Contact and registration details
- Legal name
- CFS Investment Advisory Services LLC
- Headquarters
- 97 Lackawanna Avenue, Suite 101, Totowa, NJ 07512
- Website
- cfsias.com
- Phone
- 973-826-8800
- @5181038
- SEC file
- 801-45064
- Structure
- New Jersey LLC
- Fiscal year end
- December
CFS Investment Advisory Services’ named custodians for separately managed accounts include Charles Schwab ($1.51B, 66%), Fidelity ($306M, 13%) and Raymond James ($243M, 11%). CFS Investment Advisory Services has custody of client assets.
- Raymond JamesRaymond James Financial Services, Inc. · St Petersburg, FL · $243M11%
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $1.51B66%
- Great-West TrustGreat-West Trust Company, LLC · Greenwood Village, CO · $222M10%
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $306M13%
At year end, CFS Investment Advisory Services’ separately managed accounts were mostly in funds (69%) and stocks (15%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.5B across 357 positions; the largest are SPDR Series Trust (8.7%), Pacer Fds TR (7.9%) and Vanguard Index Fds (3.7%).
What the accounts hold
- Stocks15%
- Funds69%
- Bonds10%
- State and local bonds9%
- U.S. government and agency bonds1%
- Cash5%
- Other2%
- Annuities2%
Reported 13F holdings
- $1.5B
- Reported 13F value
- 357
- Positions
- 34.8%
- In the 10 largest
- +3.3%
- Value vs. prior quarter
- SPDR Series Trust · ST Str P500etf8.7%
- Pacer Fds TR · Trendp US Lar CP7.9%
- Vanguard Index Fds · Growth ETF3.7%
- iShares TR · Rus 1000 Val ETF2.7%
- Blackrock ETF Trust · iShares US Equit2.4%
- iShares TR · Core S&P500 ETF2.1%
- Vanguard Tax-managed Fds · Van FTSE Dev Mkt2.0%
- Dimensional ETF Trust · US Cor Equ 2 ETF1.9%
- iShares TR · Core S&P Mcp ETF1.8%
- Blackrock ETF Trust · Isha IN Ctry ETF1.5%
Together, the ten largest are 34.8% of reported value.
How many clients does CFS Investment Advisory Services have?
CFS Investment Advisory Services has 1,238 clients and manages $2.73 billion for them, as of March 2026. They include 607 individual clients, 532 high-net-worth individuals, and 87 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 5 March 2026
What services does CFS Investment Advisory Services offer?
CFS Investment Advisory Services provides financial planning, 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
How much does CFS Investment Advisory Services charge?
CFS Investment Advisory Services charges 0.25%–1.25% a year for its Investment management fees. The fee is billed in advance, is negotiable and requires an account of at least $500,000.
Source: ADV 2A, filed 5 March 2026
Which custodians does CFS Investment Advisory Services use?
CFS Investment Advisory Services’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $1.51B, Fidelity Brokerage Services LLC (Smithfield, RI), with $306M, Raymond James Financial Services, Inc. (St Petersburg, FL), with $243M and Great-West Trust Company, LLC (Greenwood Village, CO), with $222M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 5 March 2026
How many financial advisors does CFS Investment Advisory Services have?
CFS Investment Advisory Services has 10 investment adviser representatives registered with state securities authorities, out of 13 employees, and 10 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 7 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 CFS Investment Advisory Services invest in?
At the end of its last fiscal year, CFS Investment Advisory Services’ separately managed accounts held 69% registered funds (mutual funds, ETFs, BDCs), 15% exchange-traded equities, 9% state and local bonds, 5% cash and equivalents, 2% other and 1% U.S. government and agency bonds. The 2% other category is described as: Annuities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does CFS Investment Advisory Services have a minimum investment?
Yes, CFS Investment Advisory Services’ minimum account size for its Investment management fees is $500K.
Source: ADV 2A, filed 5 March 2026
Who owns CFS Investment Advisory Services?
CFS Investment Advisory Services’ direct owners are Gregory Makowski (50% to 75%) and Harris Nydick (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 5 March 2026
How does CFS Investment Advisory Services get paid?
CFS Investment Advisory Services 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 CFS Investment Advisory Services?
CFS Investment Advisory Services’ main office is at 97 Lackawanna Avenue, Suite 101, Totowa, NJ 07512. Its phone number is 973-826-8800. Its website is cfsias.com.