Parsippany, N.J.-based SAX Wealth Advisors, part of IPA 100 firm SAX (FY25 net revenue of $138 million), acquired Kinnelon, N.J.-based SFS Financial, adding approximately $140.5 million in assets under management (AUM).
The transaction closed June 30 and brings three SFS Financial professionals to SAX Wealth Advisors: Principal and Wealth Advisor Zoriana Stawnychy, Associate Wealth Advisor Frank Lombardo and Portfolio Analyst and Trading Associate Stephan Bilyk.
“Zoriana and her team have built something special at SFS Financial, grounded in the same client-first philosophy that defines our firm,” said SAX Wealth Advisors MP Kyle Stawicki. “Bringing their expertise, relationships and dedication into our platform is exactly the kind of partnership that fuels our long-term vision.”
Following the acquisition, SAX Wealth Advisors has more than $6 billion in AUM, including $1.14 billion in retirement plan assets, and more than 65 team members across nine offices.
The SFS Financial team will also gain access to SAX Advisory Group’s planning resources, tax expertise and operational support.
