Arax Advisory Partners

• A percentage of assets under your management
• Hourly charges
• Fixed fees (other than subscription fees)
• Performance-based fees
• Other

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

Account minimum: $50,000 (the brochure says it may be waived or negotiated)

As stated in the firm's Form ADV Part 2A brochure dated August 14, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site

$26,524,973,206 as of October 2026, filing dated August 14, 2026.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

• Financial planning services
• Portfolio management for individuals and/or small businesses
• Portfolio management for pooled investment vehicles (other than investment companies)
• Portfolio management for businesses (other than small businesses) or institutional clients
• Pension consulting services
• Selection of other advisers (including private fund managers)
• Educational seminars/workshops
• Other

Legal name

Arax Advisory Partners, LLC

Also doing business as

ARAX WEALTH, AVERA CAPITAL WEALTH MANAGEMENT, CEDRUS, GEORGINA ASSET MANAGEMENT, GFP PRIVATE WEALTH, KLEINHENZ & ASSOCIATES, LOGIX INVESTMENTS, MILLARES ASSET MANAGEMENT, NORTE ADVISORS, NOVEN FINANCIAL GROUP, OMNI FINANCIAL ADVISORY GROUP, SCHECHTER INVESTMENT ADVISORS, SRS CAPITAL ADVISORS, SUMMIT WEALTH STRATEGIES, THE OAK GROUP, TRANSCEND CAPITAL ADVISORS, U.S. CAPITAL WEALTH, U.S. CAPITAL WEALTH ADVISORS, WELLTH PARTNER, YOUNG WEALTH MANAGEMENT GROUP

Registration

SEC-registered investment adviser. Status as filed: Approved.

Registered since

2006 (20 years)

Employees

Total: 361. Performing investment advisory functions: 168.

Wrap fee program participation

Yes.

Custodians (Schedule D, Section 5.K(3))

Charles Schwab & Co., Inc.Fidelity Brokerage Services LLCNational Financial Services LLCPershing Advisor Solutions LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

Other offices (Schedule D, Section 1.F)

32 other offices, as of the September 2026 filing

Andover, MAAustin, TXBerwyn, PABirmingham, MIBloomfield Hills, MIBurley, IDChesterfield, MOCleveland, OHColorado Springs, COCoral Gables, FLDallas, TXDeerfield, ILDenver, CADenver, COGeorgetown, TXGlendale, CAGrand Junction, COHotchkiss, COHouston, TXLittleton, COMadison, NJMiddletown, RINaples, FLNew ProvidenceNew York, NYPalm Beach Gardens, FLPotomac, MDPoughkeepsie, NYSanta Monica, CASewickley, PATampa, FLWayne, PA

States registered or notice-filed

52 states or jurisdictions

AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVIVTWAWIWVWY

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

4 Reports 4 disclosure items on Form ADV Item 11. View on IAPD.

Questions answered yes on this filing

Regulatory matters Items 11.C to 11.G

• 11.D(4) In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
• 11.D(5) Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?
• 11.E(2) Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?
• 11.E(4) Has a self-regulatory organization or a commodities exchange ever disciplined the firm or an advisory affiliate by expelling or suspending it from membership, barring or suspending it from association with other members, or otherwise restricting its activities?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. What happened, and who was involved, is on the Disclosure Reporting Pages of the IAPD record. Reading a firm's disclosures

Regulatory assets under management: $1,037,859,022 in the October 2021 data and $26,524,973,206 in the October 2026 data, up 2456%.

Total employees: 19 in October 2021 and 361 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

1. September 2026
   • No longer lists the business name Millares Asset Amanagement.
   • Added the business name Millares Asset Management.
   • Employees performing advisory functions went from 167 to 168.
   • Added an office in New Providence.
2. August 2026
   • Added the business name Transcend Capital Advisors.
   • Employees performing advisory functions went from 140 to 167.
   • Regulatory assets under management went from $23,183,966,708 to $26,524,973,206 (+14%).
   • Added an office in Bloomfield Hills, MI.
   • Added an office in Madison, NJ.
   • Added an office in Middletown, RI.
   • Added an office in Naples, FL.
   • Added an office in Palm Beach Gardens, FL.
3. July 2026
   • Regulatory assets under management went from $11,304,032,152 to $23,183,966,708 (+105%).
   • Employees performing advisory functions went from 55 to 140.
   • Added the business name Arax Wealth.
   • Added the business name Millares Asset Amanagement.
   • Added the business name U.S. Capital Wealth.
   • Added the business name U.S. Capital Wealth Advisors.
   • Changed its office addresses in New York, NY.
   • Added an office in Andover, MA.
   • Added an office in Austin, TX.
   • Added an office in Coral Gables, FL.
   • Added an office in Dallas, TX.
   • Added an office in Denver, CA.
   • Added an office in Georgetown, TX.
   • Added an office in Houston, TX.
   • No longer lists an office in Cleveland Heights, OH.
   • Registered or notice-filed in AK, DE, KY, ME, MS, SD, VI, VT, WV.
   • Updated its list of owners and control persons (Schedule A).
4. June 2026
   • Added the business name Omni Financial Advisory Group.
   • Added the business name The Oak Group.
   • Added an office in Poughkeepsie, NY.
5. March 2026
   • Regulatory assets under management went from $8,960,126,874 to $11,304,032,152 (+26%).
   • Employees performing advisory functions went from 61 to 55.
   • Added the business name Avera Capital Wealth Management.
   • Added the business name Cedrus.
   • Added the business name Georgina Asset Management.
   • Added the business name GFP Private Wealth.
   • Added the business name Kleinhenz & Associates.
   • Added the business name Logix Investments.
   • Added the business name Norte Advisors.
   • Added the business name SRS Capital Advisors.
   • Added the business name Young Wealth Management Group.
   • No longer lists the business name Avera Capital Wealth Management, LLC.
   • No longer lists the business name Cedrus LLC.
   • No longer lists the business name Georgina Asset Management, LLC.
   • No longer lists the business name Kleinhenz & Associates Ltd..
   • No longer lists the business name Norte Advisors, LLC.
   • No longer lists the business name SRS Capital Advisors, LLC.
   • No longer lists the business name Young Wealth Management Group, Inc..
   • Changed its office addresses in Tampa, FL.
   • Added an office in Berwyn, PA.
   • Added an office in Cleveland, OH.
   • Added an office in Potomac, MD.
   • Added an office in Wayne, PA.
   • Registered or notice-filed in DC.
   • Updated its list of owners and control persons (Schedule A).
6. February 2026
   • Registered or notice-filed in AR, CT, HI, IN, MD, ND, NV, RI.
7. December 2025
   • Regulatory assets under management went from $7,319,089,239 to $8,960,126,874 (+22%).
   • Employees performing advisory functions went from 52 to 61.
   • Item 11 disclosure answers changed: 4 yes answers, previously 2 (now yes: 11.D(4), 11.D(5)).
   • Added the business name Georgina Asset Management, LLC.
   • Added an office in Santa Monica, CA.
   • Registered or notice-filed in MO, OH.

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.