SAX WEALTH ADVISORS, LLC

RIASEC RegisteredEst. 2008
Total AUM
$3.6B
Discretionary
$3.5B
97% of AUM
Avg account
$662K
Accounts
5,429
Employees
39
Advisory reps
44

Firm details

Headquarters
PARSIPPANY, New Jersey
CRD number
119193
Registered since
February 28, 2008
Website
www.saxwa.com
Custodians
NATIONAL FINANCIAL SERVICES LLC, CHARLES SCHWAB & CO., INC.
Fee structure
Percentage of AUM, Hourly Charges, Fixed Fees
Client types
  • HNWI79.14%
  • Individuals15.35%
  • Corporations / Businesses3.91%
  • Pension & Profit Sharing Plans0.84%
  • Charitable Organizations0.77%
Services
Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional ClientsPension ConsultingSelection of Other Advisers

Firm profile

FINTRX

Overview

SAX Wealth Advisors, LLC is an independent registered investment adviser formed in 2008 that serves both high-net-worth individuals and institutional clients. The firm operates as a capital allocator and provides a mix of financial planning and discretionary portfolio management services across individual, small business and institutional relationships. Its advisory scope also includes pension consulting and manager selection. Fee arrangements are flexible and include AUM-based fees as well as hourly and fixed-fee engagements. SAX Wealth identifies as not being an active ESG investor. The firm lists an accounting industry affiliation and was recognized on FA Magazine’s Top RIA Firms list in 2020.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

Read the full firm profile in FINTRX →

Investment profile

FINTRX

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

FINTRX

CRM & tech providers

TAMPs used

Clients

FINTRX

Client base

Client personas

Asset composition

Asset composition: Public Funds/Mutual Funds 70%, Exchange Traded Equities 11%, Cash & Cash Equivalents 7%, US Government Bonds 5%, State & Local Bonds 2%, Private Funds 2%, Other 2%70%
  • Public Funds/Mutual Funds70%
  • Exchange Traded Equities11%
  • Cash & Cash Equivalents7%
  • US Government Bonds5%
  • State & Local Bonds2%

Owners & executives

3 of 3

  • JOSEPH DAMIANO

    Chief Executive OfficerCRD 5217401

  • Trevor Hodges

    Chief Operations Officer / Chief Compliance OfficerCRD 7350968

  • LESLIE VASVARI

    Chief Investment OfficerCRD 6068319

Contacts

3 of 41

  • PAUL WINTER

    Principal and Wealth AdvisorCRD 1870699

  • Jonathan Shen

    Associate Wealth AdvisorCRD 6361793

  • WILLIAM CONNOR

    Partner, Wealth AdvisorCRD 4224274

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Wealth teams

FINTRX

Newly hired reps

FINTRX

Recent M&A activity

FINTRX

Recent filings

FINTRX

Awards

FINTRX

ETF holdings

1 of 303

Active vs passive

$1.8B in ETFs

Passive

42%

$771M

Active

57%

$1.1B

ETFProviderStyleCategoryValueShares% of portfolio
DIMENSIONAL US EQUITY MARKET ETF (DFUS)DimensionalActiveLarge Blend$287M3,866,69515.73%
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Location

Primary office

PARSIPPANY, NJ

MORRIS

Location

PARSIPPANY, NJ

Headquartered in PARSIPPANY, NJ, anchoring the New York-Newark, NY-NJ-CT-PA metro in the Northeast.

Metro area
New York-Newark, NY-NJ-CT-PA
Region
Northeast
County
MORRIS
Address
389 Interpace Pkwy
Time zone
ET (UTC-5)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth