{"url":"https://nivawealth.com/firms/wax-asset-management-157405","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/157405","regulatoryAum":181212966,"crd":"157405","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4694935","suffix":null,"lastName":"WAX","firstName":"EVAN","middleName":"HEATH"}],"total":1,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"secFileNumber":"801-135836","legalName":"Wax Asset Management LLC","displayName":"Wax Asset Management","slug":"wax-asset-management-157405","website":null,"logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/157405/5c99178fa0104f9b-r1.webp","tone":"light","width":755,"height":200,"sourceUrl":"http://www.waxasset.com","sourceLabel":"WAX Asset Management LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Connecticut limited liability company","fiscalYearEnd":"December","headquarters":{"street":"","city":"","state":"","stateName":"","country":"","postalCode":null},"tradeNames":[],"registration":{"secApproved":"13 April 2026","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":2448823.864864865,"staff":{"employees":1,"advisory":1,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":181212966,"discretionary":181212966,"discretionaryAccounts":125,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":16,"regulatoryAum":5554306},{"label":"High-net-worth individuals","clients":58,"regulatoryAum":175658660}],"feePrograms":[{"role":"main","program":"Investment Supervisory Services","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1018155","versionId":1018155,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-03-12","documentName":"ADV FORM 2A","fee_rate_low":2,"fee_rate_high":2,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T14:19:24.400869+00:00","documents":[{"name":"ADV FORM 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1018155","versionId":1018155,"submittedOn":"2026-03-12"},{"name":null,"status":"not_downloaded","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=751345","versionId":751345,"submittedOn":null}]},"custodians":[{"name":"RBC Capital Markets, LLC","shortName":"RBC Capital Markets","location":"Minneapolis, MN","smaAssets":181212966}],"custodyNote":"Wax Asset Management does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Evan Wax","title":"Managing Member/Chief Compliance Officer","crd":"4694935"},{"name":"Ingrid Wax","title":"Member","crd":"6631931"}],"ownership":[{"label":"Evan Wax","detail":"Managing member/chief compliance officer in the 50% to 75% ownership band and a control person, since April 2011."},{"label":"Ingrid Wax","detail":"Member in the 50% to 75% ownership band and a control person, since March 2011."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"203-941-0111","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for individuals and/or small businesses"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":45},{"label":"U.S. government/agency bonds","percent":40},{"label":"Cash and cash equivalents","percent":15}],"privateFunds":0},"sources":{"adv1FilingDate":"12 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/157405/PDF/157405.pdf","brochureDate":"12 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1018155","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Wax Asset Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Wax Asset Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Wax Asset Management charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Wax Asset Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Wax Asset Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Wax Asset Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Wax Asset Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Wax Asset Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Wax Asset Management?","answer":"Its phone number is 203-941-0111.","source":"Form ADV Part 1A, Item 1.F, filed 12 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}