Sax Wealth Advisors Acquires The GM Financial Group

Sax Wealth Advisors, a subsidiary of Clifton, N.J.-based Sax LLP (FY16 net revenue of $29.7 million) acquired The GM Financial Group of Pennington, N.J.

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,” says Kyle Stawicki, PIC 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.”

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,” says 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.”