Garden State Investment Advisory Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, and educational seminars. Financial planning was provided to 1–10 clients last fiscal year.
Garden State Investment Advisory Services reports 2,531 clients. They include 2,341 individual clients, 151 high-net-worth individuals, and 26 corporations and other businesses. Of its assets, 77.7% ($524M across 1,912 accounts) are managed with discretion; $150M across 544 accounts are not. A wrap fee program the firm both sponsors and manages holds $674M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 92% | 51% |
| High-net-worth individuals | 6% | 46% |
| Pension and profit-sharing plans | <1% | 1% |
| Corporations and other businesses | 1% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 2,341 | $342M | 50.7% | $146K |
| High-net-worth individuals | 151 | $313M | 46.5% | $2.07M |
| Pension and profit-sharing plans | 13 | $7.57M | 1.1% | $582K |
| Corporations and other businesses | 26 | $11.5M | 1.7% | $442K |
| Total | 2,531 | $674M | 100% | $266K |
- Clients
- 2,341
- Regulatory AUM
- $342M
- AUM share
- 50.7%
- Avg. per client
- $146K
- Clients
- 151
- Regulatory AUM
- $313M
- AUM share
- 46.5%
- Avg. per client
- $2.07M
- Clients
- 13
- Regulatory AUM
- $7.57M
- AUM share
- 1.1%
- Avg. per client
- $582K
- Clients
- 26
- Regulatory AUM
- $11.5M
- AUM share
- 1.7%
- Avg. per client
- $442K
Total
- Clients
- 2,531
- Regulatory AUM
- $674M
- AUM share
- 100%
- Avg. per client
- $266K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Garden State Investment Advisory Services charges 1.00%–2.00% a year for its Standard Fee Schedule; its fees and minimums are set out in its brochures on the SEC website.
Kevin Derosa owns 25% to 50% of Garden State Investment Advisory Services. Louis Perrotto is CEO; the leadership team includes Chief Financial Officer Robert McMullin and Chief Compliance Officer Steven Trigili. It has 32 employees, 29 of them in advisory roles.
Leadership
- Louis PerrottoChief Executive Officer
- Robert McMullinChief Financial Officer
- Steven TrigiliChief Compliance Officer
- Kevin DerosaMember/Owner
- Scott SariMember/Owner
- Raymond AmbrosinoMember/Owner
Investment adviser representatives
33 representatives listed in the SEC register as of 9 October 2026.
- Raymond Edward Ambrosino
- Michael Joseph Azzato
- John Turley Banks
- Nabil Bouab
- Terry Lee Brodt JR
- Michael John Buonacquista JR
- Gregory George Calderaro
- Kevin John Derosa
- Gregory A Gallo
- Richard L Going II
- Brian Dean Hanna
- Ryan Christopher Hostnik
- Anthony Richard Joslin
- Michael Theodore Kuczinski
- Michael Thomas Kuczinski
- Glenn Ward Leboeuf
- Donald Charles Madigan
- Nicholas Magistro
- Thomas Charles Matyola
- Timothy Sean McEneny JR
- Sean Michael Olsen
- Joseph Anthony Petrillo JR.
- Christopher Matthew Puher
- Jason Enrico Sari
- Scott Henry Sari
- Paul Jacques Stawinski
- Steven David Trigili
- Sean Townsend Tudor
- Jason Watson
- Stephen John Wisk
- Jeffrey Aknew Wright SR
- John Michael Zara
- Jason Eric Zwibel
Staff
- 32 employees
- 29 in advisory functions
- 29 state-registered reps
- 29 broker-dealer reps
- 25 insurance agents
- Owns 25% to 50% of Garden State Investment Advisory Services, LLC
Kevin Derosa
Control person · since September 2004
- Owns 25% to 50% of Garden State Investment Advisory Services, LLC
Scott Sari
Control person · since September 2004
- Owns 25% to 50% of Garden State Investment Advisory Services, LLC
Louis Perrotto
Control person · since September 2004
- Owns 25% to 50% of Garden State Investment Advisory Services, LLC
Raymond Ambrosino
Control person · since September 2004
Garden State Investment Advisory Services’ regulatory assets grew 2.3× from $299M (June 2021) to $674M (March 2026); clients rose from 903 to 2,531 and employees from 24 to 32.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $674M | 2,531 | 32 | 5 |
| March 2025 | $562M | 2,122 | 32 | 5 |
| March 2024 | $446M | 1,904 | 27 | 4 |
| March 2023 | $484M | 1,497 | 25 | 4 |
| July 2022 | $408M | 1,334 | 24 | 5 |
| June 2021 | $299M | 903 | 24 | 5 |
Besides its headquarters, Garden State Investment Advisory Services has 4 offices (2 private residences, listed without an address), with 3 listed addresses in Florida and New Jersey.
New Jersey · 2 listed addresses
- 328 Newman Springs Road, Red BankHQ
- 206 Route 37, Colts Neck
Florida · 1 listed address
- 3319 State Road 7, Wellington
Other business names
Garden State Investment Advisory Services has reported 3 other business names to the SEC.
- Clu Wealth Advisors LLC
- Colts Neck Financial
- Total Wealth Enhancement Group LLC
Contact and registration details
- Legal name
- Garden State Investment Advisory Services, LLC
- Headquarters
- 328 Newman Springs Road, Red Bank, NJ 07701
- Website
- Not reported
- Phone
- 732-280-6886
- SEC file
- 801-79500
- Structure
- New Jersey LLC
- Fiscal year end
- December
Garden State Investment Advisory Services uses Charles Schwab ($365M, 65%) and Axos Clearing ($197M, 35%) as custodians for its separately managed accounts. Garden State Investment Advisory Services does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · El Paso, TX · $365M65%
- Axos ClearingAxos Clearing LLC · Omaha, NE · $197M35%
At year end, Garden State Investment Advisory Services’ separately managed accounts were mostly in stocks (63%) and funds (33%). Its reported 13F holdings for the quarter ended 30 June 2026 total $553M across 365 positions; the largest are Invesco Exchange Traded FD T (5.3%), Nvidia Corporation (4.1%) and T Rowe Price Exchange-traded (3.5%).
What the accounts hold
- Stocks63%
- Funds33%
- Bonds3%
- U.S. government and agency bonds1%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash1%
Reported 13F holdings
- $553M
- Reported 13F value
- 365
- Positions
- 28.3%
- In the 10 largest
- +21.6%
- Value vs. prior quarter
- Invesco Exchange Traded FD T · Larg Cap Gro ETF5.3%
- Nvidia Corporation4.1%
- T Rowe Price Exchange-traded · US Equi Resh ETF3.5%
- Series Portfolios TR · Equab Equit ETF2.9%
- Invesco Qqq TR · Unit Ser 12.8%
- Amazon Com Inc.2.4%
- Apple Inc.2.1%
- Meta Platforms Inc. · CL A1.9%
- Palantir Technologies Inc. · CL APut1.8%
- Broadcom Inc.1.7%
Together, the ten largest are 28.3% of reported value.
How many clients does Garden State Investment Advisory Services have?
Garden State Investment Advisory Services has 2,531 clients and manages $674 million for them, as of March 2026. They include 2,341 individual clients, 151 high-net-worth individuals, and 26 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Garden State Investment Advisory Services offer?
Garden State Investment Advisory Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Garden State Investment Advisory Services charge?
Garden State Investment Advisory Services charges 1.00%–2.00% a year for its Standard Fee Schedule.
Source: GSIAS ADV PART 2A BROCHURE DATED MARCH 31 2026, filed 31 March 2026
Which custodians does Garden State Investment Advisory Services use?
Garden State Investment Advisory Services’ separately managed account assets are held at Charles Schwab & Co., Inc. (El Paso, TX), with $365M and Axos Clearing LLC (Omaha, NE), with $197M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Garden State Investment Advisory Services have?
Garden State Investment Advisory Services has 29 investment adviser representatives registered with state securities authorities, out of 32 employees, and 29 perform investment advisory functions. 29 employees are registered representatives of a broker-dealer and 25 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 Garden State Investment Advisory Services invest in?
At the end of its last fiscal year, Garden State Investment Advisory Services’ separately managed accounts held 63% exchange-traded equities, 33% registered funds (mutual funds, ETFs, BDCs), 1% U.S. government and agency bonds, 1% state and local bonds, 1% investment grade corporate bonds and 1% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Garden State Investment Advisory Services?
Garden State Investment Advisory Services’ direct owners are Kevin Derosa, Scott Sari, Louis Perrotto and Raymond Ambrosino, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Garden State Investment Advisory Services get paid?
Garden State Investment Advisory Services is paid through a percentage of assets under management, hourly charges 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 Garden State Investment Advisory Services?
Garden State Investment Advisory Services’ main office is at 328 Newman Springs Road, Red Bank, NJ 07701. Its phone number is 732-280-6886.