The acquisition of The GM Financial Group, with approximately $140 million in assets under management (AUM), brings the AUM of Sax Wealth Advisors 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 a statement.
“GM’s 30-plus years of experience will lend itself to enhancing our strong foundation of individual and corporate wealth management solutions,” he said.
Guy McPhail, president and founder of The GM Financial Group, said of the partnership: “A firm that emphasizes fee-only independent financial planning advice, coupled with a strong CPA background was the perfect match for us. These two crucial strengths will ensure our clients continue to receive the most comprehensive guidance and solutions to meet their needs and goals.”