SAX Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, business succession planning, education planning, estate planning, insurance, philanthropic planning, and tax planning. Financial planning was provided to 51–100 clients last fiscal year. The firm advises 1 private fund.
SAX Wealth Advisors reports 1,655 clients. They include 881 individual clients, 715 high-net-worth individuals, and 30 corporations and other businesses. Of its assets, 96.9% ($3.49B across 5,359 accounts) are managed with discretion; $111M across 70 accounts are not. It advised 59 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 53% | 15% |
| High-net-worth individuals | 43% | 79% |
| Pension and profit-sharing plans | 1% | <1% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | 2% | 4% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 881 | $552M | 15.3% | $626K |
| High-net-worth individuals | 715 | $2.85B | 79.1% | $3.98M |
| Pension and profit-sharing plans | 23 | $30.1M | 0.8% | $1.31M |
| Charitable organizations | 6 | $27.7M | 0.8% | $4.62M |
| Corporations and other businesses | 30 | $141M | 3.9% | $4.68M |
| Total | 1,655 | $3.6B | 100% | $2.17M |
- Clients
- 881
- Regulatory AUM
- $552M
- AUM share
- 15.3%
- Avg. per client
- $626K
- Clients
- 715
- Regulatory AUM
- $2.85B
- AUM share
- 79.1%
- Avg. per client
- $3.98M
- Clients
- 23
- Regulatory AUM
- $30.1M
- AUM share
- 0.8%
- Avg. per client
- $1.31M
- Clients
- 6
- Regulatory AUM
- $27.7M
- AUM share
- 0.8%
- Avg. per client
- $4.62M
- Clients
- 30
- Regulatory AUM
- $141M
- AUM share
- 3.9%
- Avg. per client
- $4.68M
Total
- Clients
- 1,655
- Regulatory AUM
- $3.6B
- AUM share
- 100%
- Avg. per client
- $2.17M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 59
- Private funds advised
- 1
- Financial planning clients last fiscal year
- 51–100
SAX Wealth Advisors charges 0.45%–1.00% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and has a $15,000 annual minimum. The brochure also prices 3 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$1.5M | 1.00% |
| $1.5M–$3M | 0.80% |
| $3M–$5M | 0.60% |
| $5M–$7M | 0.55% |
| $7M and above | 0.45% |
Fee details and sources
Other fees
- Comprehensive Financial Planning Services
- Financial planning is charged a fixed fee generally ranging from $2,500 to $50,000, or hourly at $300.00 per hour in limited cases.
- Employee Benefit Plan Services
- Plan assets are charged 0.90% on the first $1 million, 0.60% on the next $4 million, 0.33% on the next $5 million, and 0.20% above $10 million.
- Specialized Consulting Services
- Consulting, such as analysis of outside investment managers, is charged a fixed fee generally ranging from $30,000 to $100,000.
Sax Advisory Group, LLC owns 75% or more of SAX Wealth Advisors. The leadership team of SAX Wealth Advisors includes Chief Investment Officer Leslie Vasvari and Chief Operating Officer Trevor Hodges. It has 39 employees, 37 of them in advisory roles.
Leadership
- Trevor HodgesChief Compliance Officer / Chief Operating Officer
- Joseph DamianoCEO (Managing Member)
- Kyle StawickiMember / Managing Partner
- Leslie VasvariChief Investment Officer
Investment adviser representatives
44 representatives listed in the SEC register as of 9 October 2026.
- Matthew Bernocchi
- Irfan Bhabhrawala
- Stephan Roman Bilyk
- Jack Logan Cassidy
- Gavin O Charlton
- Christopher Patrick Clancy
- William Patrick Connor
- Marie Decaprio
- Rachael Leah Decosta
- Nicholas Simon Dubac
- Ryan Michael Freda
- Adam Todd Goldberg
- Anthony Joaquin Gomez
- Marnie Beecher Hards
- Jill C. Hennessey
- Constance Joy Herrstrom
- Alexandra Sara Hoff
- Jennifer E Leong
- Jamie Michael Lima
- Kirk Edmund Loerwald
- Derrick Sean Morgan
- Gregg Alan Munn JR.
- Barbara C. Nevils
- Wayne Albert Pampaloni
- Martin Douglas Parlato
- Mark Allen Parsons
- Jenna Lena Passerini
- Valerie Louise Peck
- Joseph Anthony Piela JR.
- Lauren Phyllis Prince
- Brian David Ream
- Jeremy David Rhen
- Kenneth Frank Robinson
- David Francis Scheidel
- Eric Michael Seidman
- Jonathan Shen
- Frank Armand Sisti
- Kyle Robert Stawicki
- Alexa Tambasco
- John Edward Tevnan IV
- Leslie Weisz Vasvari
- Miriam McKenna Whiteley
- Paul Nicholas Winter
- Luke Zulauf
Staff
- 39 employees
- 37 in advisory functions
- 37 state-registered reps
- 4 soliciting firms
- Owns 75% or more of Sax Wealth Advisors, LLC
Sax Advisory Group, LLC
Control person · since October 2025
Joseph Damiano
Ceo · Control person · since August 2026
SAX Wealth Advisors’ regulatory assets grew 3.3× from $1.09B (March 2021) to $3.6B (August 2026); clients rose from 722 to 1,655 and employees from 12 to 39. Between 2017 and 2026, 11 advisory firms joined it. The largest by last filed assets were Arbor Financial Planning (Arbor Financial) ($175M, June 2026) and Aznar Financial Advisors ($151M, June 2026). The most recent was Stawnychy Financial Services, Inc. (SFS Financial), in June 2026.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $3.6B | 1,655 | 39 | 11 |
| July 2025 | $2.44B | 1,086 | 39 | 10 |
| July 2024 | $1.74B | 835 | 23 | 7 |
| May 2023 | $1.29B | 826 | 13 | 4 |
| April 2022 | $1.36B | 775 | 13 | 3 |
| March 2021 | $1.09B | 722 | 12 | 3 |
Firms that joined
20268 joined
- Stawnychy Financial Services, Inc. (SFS Financial)No filed AUM
- Martin D. Parlato & AssociatesNo filed AUM
- Prince Financial AdvisoryLast filed AUM $56.2M
- Arbor Financial Planning (Arbor Financial)Last filed AUM $175M
- Aznar Financial AdvisorsLast filed AUM $151M
- LifeCraft Financial PlanningNo filed AUM
- Parsons Financial GroupNo filed AUM
- Sierra Financial AdvisorsNo filed AUM
20191 joined
- Practice of Stuart B. Herrmann (Chadwick Wealth Management, LLC, Fair Lawn, NJ)No filed AUM
20172 joined
- The GM Financial Group (The GM Group)No filed AUM
- Sterling Portfolio ManagementNo filed AUM
Firms whose SEC withdrawal reports a sale to this firm, and deals reported in the press. Teams that moved without selling a registered firm may not appear.
Besides its headquarters, SAX Wealth Advisors has 10 offices, with 11 listed addresses across 9 states.
Florida · 2 listed addresses
- 50 Venture Valley Court, Ponte Vedra
- 90 Fort Wade Road, Ponte Vedra
New Jersey · 2 listed addresses
- 389 Interpace Parkway, Suite 3, ParsippanyHQ
- 100 Charles Ewing Boulevard, Ewing
California · 1 listed address
- 16935 W. Bernardo DR., San Diego
Connecticut · 1 listed address
- 77 Danbury Road, Ridgefield
Michigan · 1 listed address
- 116 E. Washington St, Ann Arbor
New York · 1 listed address
- 1040 Avenue of the Americas, New York
Ohio · 1 listed address
- 20525 Center Ridge RD, Rocky River
Oregon · 1 listed address
- 4325 Commerce St, Eugene
Utah · 1 listed address
- 4505 Wasatch BLVD, Salt Lake City
Contact and registration details
- Legal name
- Sax Wealth Advisors, LLC
- Headquarters
- 389 Interpace Parkway, Suite 3, Parsippany, NJ 07054
- Website
- saxwa.com
- Phone
- 973-859-2199
- @sax-wealth-advisors-llc
- SEC file
- 801-68788
- Founded
- 1999
- Structure
- New Jersey LLC
- Fiscal year end
- December
SAX Wealth Advisors uses Fidelity ($1.78B, 55%) and Charles Schwab ($1.47B, 45%) as custodians for its separately managed accounts. SAX Wealth Advisors has custody of $1.34B in client assets for 1,330 clients.
- FidelityNational Financial Services LLC · Boston, MA · $1.78B55%
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $1.47B45%
At year end, SAX Wealth Advisors’ separately managed accounts were mostly in funds (72%) and stocks (11%). Its reported 13F holdings for the quarter ended 30 June 2026 total $2.46B across 537 positions; the largest are Dimensional ETF Trust (12.3%), Fidelity Merrimack Str TR (8.3%) and Invesco Exch Traded FD TR II (4.7%).
What the accounts hold
- Stocks11%
- Funds72%
- Registered funds70%
- Pooled vehicles2%
- Bonds7%
- U.S. government and agency bonds5%
- State and local bonds2%
- Cash7%
- Other2%
- Annuities2%
Filed values cover 99%. The neutral 1% gap has no reported category.
Reported 13F holdings
- $2.46B
- Reported 13F value
- 537
- Positions
- 42.1%
- In the 10 largest
- +19.1%
- Value vs. prior quarter
- Dimensional ETF Trust · US Equity Market12.3%
- Fidelity Merrimack Str TR · Total BD ETF8.3%
- Invesco Exch Traded FD TR II · Nasdaq 100 ETF4.7%
- iShares TR · MSCI USA Qlt Fct3.6%
- Dimensional ETF Trust · US Core Equity 23.4%
- iShares TR · Core S&P Mcp ETF2.1%
- Dimensional ETF Trust · Internatnal Val2.0%
- Dimensional ETF Trust · US Targeted Vlu2.0%
- Dimensional ETF Trust · Intl Core EQT MK1.9%
- Dimensional ETF Trust · US Small Cap ETF1.7%
Together, the ten largest are 42.1% of reported value.
How many clients does SAX Wealth Advisors have?
SAX Wealth Advisors has 1,655 clients and manages $3.6 billion for them, as of August 2026. They include 881 individual clients, 715 high-net-worth individuals, and 30 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 19 August 2026
What services does SAX Wealth Advisors offer?
SAX Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, business succession planning, education planning, estate planning, insurance, philanthropic planning, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does SAX Wealth Advisors charge?
SAX Wealth Advisors charges 0.45%–1.00% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and has a $15,000 annual minimum.
Source: SAX WEALTH ADVISORS, LLC FORM ADV PART 2A, filed 20 May 2026
Which custodians does SAX Wealth Advisors use?
SAX Wealth Advisors’ separately managed account assets are held at National Financial Services LLC (Boston, MA), with $1.78B and Charles Schwab & Co., Inc. (San Francisco, CA), with $1.47B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 19 August 2026
How many financial advisors does SAX Wealth Advisors have?
SAX Wealth Advisors has 37 investment adviser representatives registered with state securities authorities, out of 39 employees, and 37 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 SAX Wealth Advisors invest in?
At the end of its last fiscal year, SAX Wealth Advisors’ separately managed accounts held 70% registered funds (mutual funds, ETFs, BDCs), 11% exchange-traded equities, 7% cash and equivalents, 5% U.S. government and agency bonds, 2% state and local bonds, 2% pooled vehicles (private funds and similar) and 2% other. The 2% other category is described as: Annuities. It advises 1 private fund.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns SAX Wealth Advisors?
SAX Wealth Advisors’ direct owner is Sax Advisory Group, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 19 August 2026
How does SAX Wealth Advisors get paid?
SAX Wealth Advisors 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
Is SAX Wealth Advisors registered with the SEC?
Yes, SAX Wealth Advisors has been registered with the SEC as an investment adviser since 28 February 2008. Its CRD number is 119193 and its SEC file number is 801-68788.
Source: Form ADV Part 1A, Item 1, filed 19 August 2026; IAPD firm record
How do I contact SAX Wealth Advisors?
SAX Wealth Advisors’ main office is at 389 Interpace Parkway, Suite 3, Parsippany, NJ 07054. Its phone number is 973-859-2199. Its website is saxwa.com.