Sax LLP Subsidiary, Sax Wealth Advisors (SWA) Acquires The GM Financial Group
Sax LLP Subsidiary, Sax Wealth Advisors (SWA) Acquires The GM Financial Group Business Clifton-based wealth management firm, Sax Wealth Advisors (SWA), has acquired another New Jersey wealth management firm, The GM Financial Group, LLC. The addition of The GM Financial Group's approximately $140 million of assets under management (AUM) brought Sax Wealth Advisors to $875 million of assets under management and $160 million of assets under advisement through 401(k) plans for over $1 billion in collective assets under management . Sax LLP has announced the acquisition of Pennington-based The GM Financial Group, LLC by its subsidiary Sax Wealth Advisors (SWA). According to a statement posted on Sax LLP's website, 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. Incidentally, SWA will maintain a Mercer County presence,