The addition of group’s approximately $140 million in assets under management brings Sax Wealth Advisors’ AUM to more than $1 billion.
“Finding a firm that shares our same investment philosophies and commitment to personal financial planning along with a strong presence in Central Jersey was an essential component of this selection process,” said Kyle Stawicki, partner-in-charge of Sax Wealth Advisors in Clifton. “GM’s 30-plus years of experience will lend itself to enhancing our strong foundation of individual and corporate wealth management solutions.”
Sax Wealth Advisors will maintain a Mercer County presence, led by GM Financial founder and President Guy McPhail. The expanded firm will include three each of partners, wealth advisers, portfolio advisers and members of the Client Service Team.
The firm will continue to offer individual wealth management, financial and estate planning, retirement planning and corporate benefit plan oversight, built on the principles of broad global diversification.
“As GM looks to the future, we wish to ensure our customized programs and emphasis on client relations remains intact,” McPhail said. “We believe teaming with Sax Wealth Advisors will only strengthen our inherent objectives. A firm that emphasizes fee-only independent financial planning advice, coupled with a strong CPA background, was the perfect match for us.”