Parsippany, N.J.-based SAX Wealth Advisors, part of IPA 100 firm SAX (FY25 net revenue of $138 million), has acquired Lighthouse Financial, adding approximately $350 million in assets under management (AUM) and expanding its Florida presence.
The transaction, which closed June 30, brings Martin Parlato to SAX Wealth Advisors as principal and wealth advisor. Parlato is based in Ponte Vedra, Fla., giving SAX Wealth Advisors its second Florida office.
“Martin brings decades of experience and deeply rooted client relationships to our platform to strengthen our overall team,” said Kyle Stawicki, MP of SAX Wealth Advisors. “His expertise, paired with our integrated approach to wealth management, allows us to further extend the same client-first philosophy that defines SAX Wealth Advisors and we look forward to a smooth transition for him and his clients.”
The acquisition is SAX Wealth Advisors’ seventh of 2026. These transactions have added approximately $860 million in AUM and 10 team members this year. Following the Lighthouse deal, SAX Wealth Advisors operates 10 offices with more than 65 team members and more than $6.56 billion in assets, including $1.17 billion in retirement plan assets.
