Wax Asset Management provides portfolio management for individuals and small businesses.
Wax Asset Management reports 74 clients. They include 58 high-net-worth individuals and 16 individual clients. Of its assets, 100.0% ($181M across 125 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 22% | 3% |
| High-net-worth individuals | 78% | 97% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 16 | $5.55M | 3.1% | $347K |
| High-net-worth individuals | 58 | $176M | 96.9% | $3.03M |
| Total | 74 | $181M | 100% | $2.45M |
- Clients
- 16
- Regulatory AUM
- $5.55M
- AUM share
- 3.1%
- Avg. per client
- $347K
- Clients
- 58
- Regulatory AUM
- $176M
- AUM share
- 96.9%
- Avg. per client
- $3.03M
Total
- Clients
- 74
- Regulatory AUM
- $181M
- AUM share
- 100%
- Avg. per client
- $2.45M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Wax Asset Management charges 2.00% a year for its Investment Supervisory Services. The fee is billed in arrears and is negotiable.
Fee details and sources
Evan Wax owns 50% to 75% of Wax Asset Management. The leadership team of Wax Asset Management includes Chief Compliance Officer Evan Wax. It has 1 employee.
Staff
- 1 employee
- 1 in advisory functions
- 1 state-registered rep
- Owns 50% to 75% of Wax Asset Management LLC
Evan Wax
Control person · since April 2011
- Owns 50% to 75% of Wax Asset Management LLC
Ingrid Wax
Control person · since March 2011
Besides its headquarters, Wax Asset Management has 0 offices, with 1 listed address with no US state reported.
Contact and registration details
- Legal name
- Wax Asset Management LLC
- Headquarters
- Not reported
- Website
- Not reported
- Phone
- 203-941-0111
- SEC file
- 801-135836
- Structure
- Connecticut LLC
- Fiscal year end
- December
Wax Asset Management’s named custodian for separately managed accounts is RBC Capital Markets ($181M). Wax Asset Management does not have custody of client assets.
- RBC Capital MarketsRBC Capital Markets, LLC · Minneapolis, MN · $181M100%
At year end, Wax Asset Management’s separately managed accounts were largely in stocks (45%) and bonds (40%).
What the accounts hold
- Stocks45%
- Bonds40%
- Cash15%
How many clients does Wax Asset Management have?
Wax Asset Management has 74 clients and manages $181 million for them, as of March 2026. They include 58 high-net-worth individuals and 16 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 12 March 2026
What services does Wax Asset Management offer?
Wax Asset Management provides portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Wax Asset Management charge?
Wax Asset Management charges 2.00% a year for its Investment Supervisory Services. The fee is billed in arrears and is negotiable.
Source: ADV FORM 2A, filed 12 March 2026
Which custodians does Wax Asset Management use?
Wax Asset Management’s separately managed account assets are held at RBC Capital Markets, LLC (Minneapolis, MN), with $181M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 12 March 2026
How many financial advisors does Wax Asset Management have?
Wax Asset Management has 1 investment adviser representative registered with state securities authorities, out of 1 employees, and 1 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 Wax Asset Management invest in?
At the end of its last fiscal year, Wax Asset Management’s separately managed accounts held 45% exchange-traded equities, 40% U.S. government and agency bonds and 15% 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 Wax Asset Management?
Wax Asset Management’s direct owners are Evan Wax (50% to 75%) and Ingrid Wax (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 12 March 2026
How does Wax Asset Management get paid?
Wax Asset Management is paid through a percentage of assets under management. 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 Wax Asset Management?
Its phone number is 203-941-0111.