{
  "crd_number": 119193,
  "slug": "sax-wealth-advisors-llc-parsippany-nj-119193",
  "primary_business_name": "SAX WEALTH ADVISORS, LLC",
  "legal_name": "SAX WEALTH ADVISORS, LLC",
  "dbas": [],
  "city": "Parsippany",
  "state": "NJ",
  "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": "2008-02-28",
  "years_registered": 18,
  "period": "2026-10-01",
  "filing_date": "2026-08-19",
  "carried_forward": false,
  "raum_total": 3596080962.0,
  "raum_discretionary": 3485539162.0,
  "raum_non_discretionary": 110541800.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 39,
  "advisory_employees": 37,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 27710989.0,
      "count": 6
    },
    "individuals": {
      "raum": 551889159.0,
      "count": 881
    },
    "pension_profit_sharing": {
      "raum": 30069183.0,
      "count": 23
    },
    "high_net_worth_individuals": {
      "raum": 2845909974.0,
      "count": 715
    },
    "corporations_other_businesses": {
      "raum": 140501657.0,
      "count": 30
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "IL",
    "IN",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "NC",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OR",
    "PA",
    "RI",
    "SC",
    "TN",
    "TX",
    "UT",
    "VA",
    "WA",
    "WV"
  ],
  "websites": [
    "https://facebook.com/SaxLLP",
    "https://facebook.com/people/SAX-Wealth-Advisors/61586403270640",
    "https://instagram.com/saxwealth?igsh=NXRsaHByamt4dG9p",
    "https://linkedin.com/COMPANY/SAX-WEALTH-ADVISORS-LLC",
    "https://saxathletes.com",
    "https://saxwa.com",
    "https://x.com/saxwealth",
    "https://youtube.com/@SAXWealthAdvisors"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/119193",
  "city_as_filed": "PARSIPPANY",
  "url": "https://advisorcensus.com/firm/sax-wealth-advisors-llc-parsippany-nj-119193",
  "display_name": "SAX Wealth Advisors, LLC",
  "summary": "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.",
  "citation": "AdvisorCensus. SAX Wealth Advisors, LLC (CRD 119193): 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)"
  ],
  "advisory_activity_labels": [
    "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)"
  ],
  "quick_answers": [
    {
      "q": "How is SAX Wealth Advisors, LLC compensated?",
      "a": "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)."
    },
    {
      "q": "Where is SAX Wealth Advisors, LLC located?",
      "a": "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)."
    },
    {
      "q": "Is SAX Wealth Advisors, LLC registered with the SEC or a state?",
      "a": "SAX Wealth Advisors, LLC is an SEC-registered investment advisory firm, registered since 2008. Status as filed: Approved. CRD 119193."
    },
    {
      "q": "How much does SAX Wealth Advisors, LLC manage?",
      "a": "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)."
    },
    {
      "q": "How have SAX Wealth Advisors, LLC's assets and staff changed since 2021?",
      "a": "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."
    },
    {
      "q": "What types of clients does SAX Wealth Advisors, LLC serve?",
      "a": "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)."
    },
    {
      "q": "Which custodians does SAX Wealth Advisors, LLC use?",
      "a": "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."
    },
    {
      "q": "Does SAX Wealth Advisors, LLC report any disciplinary disclosures?",
      "a": "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"
    },
    {
      "q": "What changed in SAX Wealth Advisors, LLC's recent Form ADV filings?",
      "a": "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)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1093241986.0,
      "total_employees": 12,
      "filing_date": "2021-03-26"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1360874502.0,
      "total_employees": 13,
      "filing_date": "2022-04-25"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1287688205.0,
      "total_employees": 13,
      "filing_date": "2023-08-17"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1739354773.0,
      "total_employees": 23,
      "filing_date": "2024-07-30"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 2440851802.0,
      "total_employees": 39,
      "filing_date": "2025-07-02"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 3596080962.0,
      "total_employees": 39,
      "filing_date": "2026-08-19"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-09-01",
      "period_label": "September 2026",
      "notes": [
        "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)."
      ]
    },
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Registered or notice-filed in TN."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "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."
      ]
    },
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Registered or notice-filed in IN, RI."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Registered or notice-filed in DE, MI, NV, OR, UT, WA, WV.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "National Financial Services LLC",
      "name_as_filed": "NATIONAL FINANCIAL SERVICES 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/sax-wealth-advisors-llc-parsippany-nj-119193.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 881,
      "fewer_than_5": false,
      "raum": 551889159.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 715,
      "fewer_than_5": false,
      "raum": 2845909974.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 23,
      "fewer_than_5": false,
      "raum": 30069183.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 6,
      "fewer_than_5": false,
      "raum": 27710989.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 30,
      "fewer_than_5": false,
      "raum": 140501657.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "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/119193",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}