Sax Wealth Advisors, LLC
Assets Under Management
$2.4B
Number of Clients
1,086
Number of Advisors
33
Average Client AUM
$2.2M
AUM per Advisor
$74.0M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
SAX Wealth Advisors manages investment portfolios and offers wealth management services, including retirement planning, tax planning, business sale structures, charitable gift planning, college planning, and risk management. They primarily recommend passively managed asset class and index mutual funds or ETFs, and may use model portfolios. They also provide comprehensive financial planning services and specialized consulting services.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $1.5M | 1.00% |
| $1.5M - $3.0M | 0.80% |
| $3.0M - $5.0M | 0.60% |
| $5.0M - $7.0M | 0.55% |
| $7M+ | 0.45% |
The minimum fee may be negotiable under certain circumstances. Certain pre-existing investment management services clients may be on a different fee schedule.
Fee Estimator
Investment management fees are based on a percentage of assets under management. For financial planning, fees range from $2,500 to $50,000 as a fixed fee, or $300 per hour in limited circumstances. Specialized consulting services range from $30,000 to $100,000. A minimum annual fee of $15,000 applies to investment management services, but may be negotiable. Legacy clients may be on different fee schedules.
Areas of Practice
Location
389 Interpace Parkway, Suite 3, Parsippany, NJ, 07054
