{ "crd_number": 133535, "slug": "arax-advisory-partners-new-york-ny-133535", "primary_business_name": "ARAX ADVISORY PARTNERS", "legal_name": "ARAX ADVISORY PARTNERS, LLC", "dbas": [ "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" ], "city": "New York", "state": "NY", "country": "United States", "cbsa_code": "35620", "metro": { "cbsa_code": "35620", "common_name": "New York", "msa_name": "New York-Newark-Jersey City, NY-NJ", "path": "/advisors/ny/new-york" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2006-09-20", "years_registered": 20, "period": "2026-10-01", "filing_date": "2026-08-14", "carried_forward": false, "raum_total": 26524973206.0, "raum_discretionary": 23831173811.0, "raum_non_discretionary": 2693799395.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 361, "advisory_employees": 168, "client_count_bucket": null, "clients_by_type": { "other": { "raum": null, "count": 0 }, "charitable": { "raum": 298695550.0, "count": 130 }, "individuals": { "raum": 3048432460.0, "count": 10206 }, "banking_thrift": { "raum": 0.0, "count": 0 }, "state_municipal": { "raum": 0.0, "count": 0 }, "insurance_companies": { "raum": 0.0, "count": 0 }, "investment_companies": { "raum": 0.0, "count": 0 }, "pension_profit_sharing": { "raum": 285237623.0, "count": 53 }, "other_investment_advisers": { "raum": 0.0, "count": 0 }, "high_net_worth_individuals": { "raum": 21243764389.0, "count": 4949 }, "pooled_investment_vehicles": { "raum": 235143023.0, "count": 12 }, "corporations_other_businesses": { "raum": 1413700161.0, "count": 312 }, "business_development_companies": { "raum": 0.0, "count": 0 }, "sovereign_wealth_foreign_official": { "raum": 0.0, "count": 0 } }, "compensation_types": [ "fixed", "hourly", "other", "percentage_of_aum", "performance_based" ], "advisory_activities": [ "educational_seminars", "financial_planning", "other", "pension_consulting", "portfolio_management_businesses_institutional", "portfolio_management_individuals", "portfolio_management_pooled_vehicles", "selection_of_other_advisers" ], "wrap_fee_participant": true, "disclosure_yes_count": 4, "states_registered": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DC", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VI", "VT", "WA", "WI", "WV", "WY" ], "websites": [ "https://araxadvisorypartners.com", "https://averacap.com", "https://cedrusfinancial.com", "https://facebook.com/SchechterWealth", "https://facebook.com/US-Capital-Wealth-Advisors-LLC-102988511176194", "https://gfpwealth.com", "https://gries.com", "https://instagram.com/transcend_golf", "https://kleinhenzwealth.com", "https://linkedin.com/company/470428/admin/dashboard", "https://linkedin.com/company/georginaassetmanagement", "https://linkedin.com/company/logix-smart-value", "https://linkedin.com/company/schechter-wealth", "https://linkedin.com/company/transcend-capital-advisors", "https://linkedin.com/company/u-s-capital-wealth-llc", "https://logixinvestment.com", "https://logixsv.com", "https://millares.net", "https://norteadvisors.co", "https://omnifinancialadvisory.com", "https://schechterwealth.com", "https://srscapitaladvisors.com", "https://swsllc.com", "https://theoakgroup.net", "https://transcendcapital.com", "https://twitter.com/schechterwealth?lang=en", "https://uscwealth.com", "https://wellthpartner.com", "https://youtube.com/channel/UCmj4y0Ot10ymV3oDdQu2BcA" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/133535", "disclosure_items": [ { "item": "11.D(4)", "question": "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?" }, { "item": "11.D(5)", "question": "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?" }, { "item": "11.E(2)", "question": "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?" }, { "item": "11.E(4)", "question": "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?" } ], "city_as_filed": "NEW YORK", "url": "https://advisorcensus.com/firm/arax-advisory-partners-new-york-ny-133535", "display_name": "Arax Advisory Partners", "summary": "Arax Advisory Partners is an SEC-registered investment advisory firm in New York, NY, registered since 2006, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 14, 2026.", "citation": "AdvisorCensus. Arax Advisory Partners (CRD 133535): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Hourly charges", "Fixed fees (other than subscription fees)", "Performance-based fees", "Other" ], "advisory_activity_labels": [ "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" ], "quick_answers": [ { "q": "How is Arax Advisory Partners compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Arax Advisory Partners reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); performance-based fees; other." }, { "q": "Where is Arax Advisory Partners located?", "a": "Arax Advisory Partners' principal office is in New York, NY, according to its Form ADV; the September 2026 filing also lists 32 other offices (Schedule D, Section 1.F)." }, { "q": "Is Arax Advisory Partners registered with the SEC or a state?", "a": "Arax Advisory Partners is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 133535." }, { "q": "How much does Arax Advisory Partners manage?", "a": "Arax Advisory Partners reports $26,524,973,206 in regulatory assets under management in its Form ADV filing dated August 14, 2026 (90% discretionary)." }, { "q": "How have Arax Advisory Partners' assets and staff changed since 2021?", "a": "In the Form ADV data for Arax Advisory Partners: 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. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Arax Advisory Partners serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (10,206); high net worth individuals (4,949); corporations or other businesses not listed above (312)." }, { "q": "Which custodians does Arax Advisory Partners use?", "a": "Arax Advisory Partners' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Fidelity Brokerage Services LLC, National Financial Services LLC and Pershing Advisor Solutions LLC as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Arax Advisory Partners report any disciplinary disclosures?", "a": "Reports 4 disclosure items on Form ADV Item 11: yes answers to 11.D(4) (another regulator's order in the past ten years), 11.D(5) (another regulator's denial, suspension, or revocation of a registration or license, bar, or restriction), 11.E(2) (self-regulatory organization's finding of a rule violation), and 11.E(4) (self-regulatory organization's expulsion, suspension, bar, or restriction). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/133535" }, { "q": "Does Arax Advisory Partners state an account minimum?", "a": "Its Form ADV Part 2A brochure dated August 14, 2026 says: \"AAP generally requires a minimum initial account size of $50,000 for advisory accounts, although the Firm can waive or reduce this minimum in its sole discretion.\"" }, { "q": "What changed in Arax Advisory Partners' recent Form ADV filings?", "a": "In the September 2026 filing data: 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." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 1037859022.0, "total_employees": 19, "filing_date": "2021-04-23" }, { "period": "2022-10-01", "regulatory_assets_under_management": 1268270818.0, "total_employees": 22, "filing_date": "2022-09-15" }, { "period": "2023-10-01", "regulatory_assets_under_management": 1159183101.0, "total_employees": 22, "filing_date": "2023-09-06" }, { "period": "2024-10-01", "regulatory_assets_under_management": 1438586845.0, "total_employees": 23, "filing_date": "2024-08-30" }, { "period": "2025-10-01", "regulatory_assets_under_management": 7319089239.0, "total_employees": 68, "filing_date": "2025-07-08" }, { "period": "2026-10-01", "regulatory_assets_under_management": 26524973206.0, "total_employees": 361, "filing_date": "2026-08-14" } ], "recent_changes": [ { "period": "2026-09-01", "period_label": "September 2026", "notes": [ "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." ] }, { "period": "2026-08-01", "period_label": "August 2026", "notes": [ "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." ] }, { "period": "2026-07-01", "period_label": "July 2026", "notes": [ "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)." ] }, { "period": "2026-06-01", "period_label": "June 2026", "notes": [ "Added the business name Omni Financial Advisory Group.", "Added the business name The Oak Group.", "Added an office in Poughkeepsie, NY." ] }, { "period": "2026-03-01", "period_label": "March 2026", "notes": [ "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)." ] }, { "period": "2026-02-01", "period_label": "February 2026", "notes": [ "Registered or notice-filed in AR, CT, HI, IN, MD, ND, NV, RI." ] }, { "period": "2025-12-01", "period_label": "December 2025", "notes": [ "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." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated August 14, 2026", "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": null, "account_minimum": "$50,000", "account_minimum_may_be_waived": true, "minimum_annual_fee": null, "figures": [ { "label": "Account minimum", "statements": [ "Account minimum: $50,000 (the brochure says it may be waived or negotiated)" ], "quotes": [ "AAP generally requires a minimum initial account size of $50,000 for advisory accounts, although the Firm can waive or reduce this minimum in its sole discretion." ] } ], "quotes": [ "AAP generally requires a minimum initial account size of $50,000 for advisory accounts, although the Firm can waive or reduce this minimum in its sole discretion." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [ { "name": "Charles Schwab & Co., Inc.", "name_as_filed": "CHARLES SCHWAB & CO., INC.", "affiliated": false }, { "name": "Fidelity Brokerage Services LLC", "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC", "affiliated": false }, { "name": "National Financial Services LLC", "name_as_filed": "NATIONAL FINANCIAL SERVICES LLC", "affiliated": false }, { "name": "Pershing Advisor Solutions LLC", "name_as_filed": "PERSHING ADVISOR SOLUTIONS LLC", "affiliated": false } ], "custodians_note": "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.", "markdown_url": "https://advisorcensus.com/firm/arax-advisory-partners-new-york-ny-133535.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 10206, "fewer_than_5": false, "raum": 3048432460.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 4949, "fewer_than_5": false, "raum": 21243764389.0 }, { "type": "banking_thrift", "label": "Banking or thrift institutions", "count": 0, "fewer_than_5": false, "raum": 0.0 }, { "type": "investment_companies", "label": "Investment companies", "count": 0, "fewer_than_5": false, "raum": 0.0 }, { "type": "business_development_companies", "label": "Business development companies", "count": 0, "fewer_than_5": false, "raum": 0.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 12, "fewer_than_5": false, "raum": 235143023.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 53, "fewer_than_5": false, "raum": 285237623.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 130, "fewer_than_5": false, "raum": 298695550.0 }, { "type": "state_municipal", "label": "State or municipal government entities (including government pension plans)", "count": 0, "fewer_than_5": false, "raum": 0.0 }, { "type": "other_investment_advisers", "label": "Other investment advisers", "count": 0, "fewer_than_5": false, "raum": 0.0 }, { "type": "insurance_companies", "label": "Insurance companies", "count": 0, "fewer_than_5": false, "raum": 0.0 }, { "type": "sovereign_wealth_foreign_official", "label": "Sovereign wealth funds and foreign official institutions", "count": 0, "fewer_than_5": false, "raum": 0.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 312, "fewer_than_5": false, "raum": 1413700161.0 }, { "type": "other", "label": "Other", "count": 0, "fewer_than_5": false, "raum": null } ], "disclosure_line": "Reports 4 disclosure items on Form ADV Item 11.", "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/133535", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }