Sacks & Associates, LLC (Bridgewater)

Name: Sacks & Associates, LLC
Address: 1160 Route 22 East, Bridgewater, NJ, 08807
Telephone: 908-864-4950

Sacks & Associates, LLC is a large advisory firm based in Bridgewater. It manages $135 million of regulatory assets for 381 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of New Jersey.

Sacks & Associates provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Sacks & Associates: assets under management

The assets under management (AUM) of Sacks & Associates, LLC is $135 million. The firm's AUM has grown by 32% since the beginning of its operation, and $135 million of the total AUM is attributable to clients outside of the United States.

The firm manages $100 million in discretionary accounts and $35 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $400 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $267.18 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 95% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 1% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Sacks & Associates, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Sacks & Associates serves?

The only and largest group of clients of Sacks & Associates is high net worth individuals with 191 clients and $135 million of assets under management. Among the 8 most similar advisory firms, Sacks & Associates has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $135 million for 191 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Sacks & Associates doesn't advise any private funds.

Careers at Sacks & Associates, LLC

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Neil Jay Sacks	Chief compliance officer, member	1 Oct 2008	75% - 100%	864757

Based in Bridgewater

The principal office where Sacks & Associates, LLC performs its advisory services is located at 1160 Route 22 East, Bridgewater, NJ 08807, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 908-864-4950 or by fax 908-393-5814. The normal business hours are 9:00 am to 4:00 pm on Monday - Friday. You can find more information about the New York firm at sacks-associates.com.