Sax Wealth Advisors Acquires Sterling Portfolio Management LLC

On Jul 21, 2017

Sax Wealth Advisors LLC, an independent registered investment advisory firm with offices in Clifton, acquired Sterling Portfolio Management LLC.

Based in Tuxedo, NY, Sterling Portfolio Management LLC has served the wealth management needs of businesses and individuals located primarily in the New York metropolitan area since 2002.  Founder Gregory Duffy has grown the firm to nearly $40 million of managed assets utilizing investment funds, and targeting factors that have tended to offer higher expected returns over time based on academic research.

“Sax Wealth Advisors was the natural next step for our firm,” said Gregory Duffy, Founder of Sterling Portfolio Management.  “We espouse the same principles on empirically supported investment education, and intend to utilize our combined knowledge and expertise to best serve our clients.”

With this acquisition, Sax Wealth Advisors now provides guidance on approximately $850MM of investable assets.  As part of the transition, Duffy will join the Sax team as a Wealth Advisor, and will continue to serve and nurture his long-standing client relationships.

“Sterling’s commitment to evidence-based investing and their high standards of professional integrity and client service is an ideal match to our mission and values,” said Kyle Stawicki, Partner-in-Charge of Sax Wealth Advisors.  “Joining forces will only make our team’s service quality and capabilities that much stronger.”

Related Articles: