Dec 14, 2017 - Sax Wealth Advisors Acquires The GM Financial Group and Brings Assets Under Management to Over $1 Billion
Clifton, NJ, December 15, 2017 – Sax Wealth Advisors (SWA), an independent registered investment advisory firm with offices in northern New Jersey, central New Jersey and New York City, has announced the acquisition of The GM Financial Group, LLC based in Pennington, NJ.
The addition of The GM Financial Group’s approximately $140 million of assets under management (AUM) brings Sax Wealth Advisors’ AUM over $1 billion. The combined fee-only firm will continue their mutual tradition of academic, research-based investment philosophy and client-focused approach to the accumulation and preservation of wealth and estate planning.
“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. “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 The GM Financial Group Founder Guy McPhail, CFP®, CPA, PFS. The newly expanded firm will now include 3 Partners, 3 Wealth Advisors, 3 Portfolio Advisors, and 3 members of the Client Service Team. SWA 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. We believe teaming with Sax Wealth Advisors will only strengthen our inherent objectives,” said Guy McPhail, President and Founder of The GM Financial Group. “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”.
About Sax Wealth Advisors LLC
Sax Wealth Advisors is an independent registered investment advisor offering financial services built on integrity and meaningful client relationships. With offices in Clifton, NJ, Pennington, NJ, and New York City, the firm provides customized investment and financial solutions for individual wealth management and employer retirement plans. Sax Wealth Advisors is a wholly owned subsidiary of accounting and consultancy firm Sax LLP.