AdvisorCensus / Financial advisors / New York / New York / SAX Wealth Advisors, LLC
SAX Wealth Advisors, LLC is an SEC-registered investment advisory firm in Parsippany, NJ, registered since 2008, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 19, 2026.
Quick answers
From the filingHow is SAX Wealth Advisors, LLC compensated?
On its Form ADV (Item 5.E, October 2026), SAX Wealth Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).
Where is SAX Wealth Advisors, LLC located?
SAX Wealth Advisors, LLC's principal office is in Parsippany, NJ, according to its Form ADV; the September 2026 filing also lists 9 other offices (Schedule D, Section 1.F).
Is SAX Wealth Advisors, LLC registered with the SEC or a state?
SAX Wealth Advisors, LLC is an SEC-registered investment advisory firm, registered since 2008. Status as filed: Approved. CRD 119193.
How much does SAX Wealth Advisors, LLC manage?
SAX Wealth Advisors, LLC reports $3,596,080,962 in regulatory assets under management in its Form ADV filing dated August 19, 2026 (97% discretionary).
How have SAX Wealth Advisors, LLC's assets and staff changed since 2021?
In the Form ADV data for SAX Wealth Advisors, LLC: Regulatory assets under management: $1,093,241,986 in the October 2021 data and $3,596,080,962 in the October 2026 data, up 229%. Total employees: 12 in October 2021 and 39 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does SAX Wealth Advisors, LLC serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (881); high net worth individuals (715); corporations or other businesses not listed above (30).
Which custodians does SAX Wealth Advisors, LLC use?
SAX Wealth Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets.
Does SAX Wealth Advisors, LLC report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/119193
What changed in SAX Wealth Advisors, LLC's recent Form ADV filings?
In the September 2026 filing data: Added an office in Eugene, OR. Added an office in Ponte Vedra, FL. No longer lists an office in Concord, MA. Registered or notice-filed in MN, NM. Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
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
Fees and minimums
Form ADV Part 2AThe brochure lists different fees for different services or strategies. See the firm's brochure (dated May 20, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$3,596,080,962 as of October 2026, filing dated August 19, 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
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2008 (18 years)
- Employees
- Total: 39. Performing investment advisory functions: 37.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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)
-
9 other offices, as of the September 2026 filing
- States registered or notice-filed
-
35 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $3,596,080,962 | 39 | August 19, 2026 |
| October 2025 | $2,440,851,802 | 39 | July 2, 2025 |
| October 2024 | $1,739,354,773 | 23 | July 30, 2024 |
| October 2023 | $1,287,688,205 | 13 | August 17, 2023 |
| October 2022 | $1,360,874,502 | 13 | April 25, 2022 |
| October 2021 | $1,093,241,986 | 12 | March 26, 2021 |
Regulatory assets under management: $1,093,241,986 in the October 2021 data and $3,596,080,962 in the October 2026 data, up 229%.
Total employees: 12 in October 2021 and 39 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.
Changes in the filing
Last 12 months- September 2026
- Added an office in Eugene, OR.
- Added an office in Ponte Vedra, FL.
- No longer lists an office in Concord, MA.
- Registered or notice-filed in MN, NM.
- Updated its list of owners and control persons (Schedule A).
- June 2026
- Registered or notice-filed in TN.
- April 2026
- Employees performing advisory functions went from 24 to 37.
- Regulatory assets under management went from $2,440,851,802 to $3,596,080,962 (+47%).
- Added an office in Ann Arbor, MI.
- Added an office in Ponte Vedra, FL.
- Added an office in Salt Lake City, UT.
- Added an office in San Diego, CA.
- No longer lists an office in Gaithersburg, MD.
- No longer lists an office in Jacksonville, FL.
- No longer lists an office in Londonderry, NH.
- No longer lists an office in Wakefield, MA.
- March 2026
- Registered or notice-filed in IN, RI.
- December 2025
- Registered or notice-filed in DE, MI, NV, OR, UT, WA, WV.
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. SAX Wealth Advisors, LLC (CRD 119193): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/sax-wealth-advisors-llc-parsippany-nj-119193