Wealth manager, independent · New York, NY
Arax Advisory Partners
Arax Advisory Partners, LLC · SEC-registered investment adviser · CRD 133535 · SEC 801-67165
At a glance
Arax Advisory Partners is an SEC-registered investment adviser based in New York, New York, with $27B in regulatory assets under management as of its Form ADV filed August 14, 2026. It reports 15,155 individual clients, 4,949 of them high-net-worth, holding an average of about $1.6 million each, and 361 employees. That ranks it 39th among the nation’s 5,657 independent wealth management RIAs and 8th of 408 in New York. It reports 3 custodians for its clients’ separately managed accounts: Fidelity, Charles Schwab and BNY Pershing.
Up $3.3B from $23B in its previous filing; rank 43 → 39. This month’s movers →
Main office 646-777-1823araxadvisorypartners.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $27B
- Rank among independent wealth managers
- #39 of 5,657
- Rank among all SEC RIAs
- #710 of 17,210
- Rank in New York
- #8 of 408
- Individual clients
- 15,155
- High-net-worth clients
- 4,949
- Accounts
- 39,138
- Discretionary
- 90% of AUM
- Employees
- 361
- Advisory staff
- 168
- Offices
- 39
Owners and executives on its Form ADV
- Michael P RiordanManaging Partner
- Gerald H. AriyanChairman
- Diego J GalanChief Financial Officer
- Brian J. DurkinChief Compliance Officer
- Ryan P. StuartDirector of Operations
- James P. FortescueManaging Partner
- David M. KingManaging Partner
- Patrick M. MendenhallManaging Partner
- Drinan J. GorneyChief of Legal and Compliance
Custody and brokerage
Broker-dealer
Hybrid RIA
Arax Advisory Partners is a hybrid RIA: 118 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Usca Securities LLC.
- Usca Securities LLC ↗CRD 103789
An introducing broker-dealer: its trades clear through National Financial Services (Fidelity), which holds the brokerage accounts. Its annual audited report filed with the SEC, March 2026
Its Form ADV brochure (filed August 2026) names Usca Securities, Kingswood Capital Partners, Mutual Securities and Purshe Kaplan Sterling Investments as the broker-dealer its advisers are registered with.
Financial Advisors who are also registered representatives of affiliated broker -dealer USCA Securities and operate primarily on a fiduciary basis with AAP but also operate on a brokerage basis with USCA Securities or, at times, with both.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 4,949 | $21B | 80% |
| Individuals | 10,206 | $3.0B | 11% |
| Corporations or other businesses | 312 | $1.4B | 5% |
| Charitable organizations | 130 | $299M | 1% |
| Pension and profit sharing plans | 53 | $285M | 1% |
| Pooled investment vehicles | 12 | $235M | <1% |
Private funds
Arax Advisory Partners reports 17 private funds with $571M in gross assets: private equity funds, real estate funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Arax Advisory Partners answers yes to 8 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
- Educational seminars and workshops
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
- Performance-based fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗araxadvisorypartners.com ↗
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The full record on Arax Advisory Partners
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 163 peers of its type and size
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- Owners and executives, with titles and stakes
- 9 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 15Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in New York
All of New York →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Goldman Sachs Wealth Services, L.P.Cohoes | $32B | 115,350 |
| Tiedemann Advisors, LLCNew York | $31B | 407 |
| Silvercrest Asset Management Group LLCNew York | $28B | 1,081 |
| Summit Trail Advisors, LLCNew York | $20B | 639 |
| Citizens Private WealthTarrytown | $17B | 2,465 |
| Evercore Wealth Management, LLCNew York | $16B | 731 |
Compare Arax Advisory Partners with
- Arax Advisory Partners vs Silvercrest Asset Management Group LLC $28B · New York, NY
- Arax Advisory Partners vs Plante Moran Financial Advisors $27B · Southfield, MI
- Arax Advisory Partners vs 1919 Investment Counsel, LLC $26B · Baltimore, MD
- Arax Advisory Partners vs United Capital Financial Advisors $25B · Irving, TX
- Arax Advisory Partners vs Summit Trail Advisors, LLC $20B · New York, NY
Background
Questions
How much does Arax Advisory Partners manage?
Arax Advisory Partners reports $27B in regulatory assets under management across 39,138 accounts, 90% of it on a discretionary basis, on its Form ADV filed August 14, 2026.
How many clients does Arax Advisory Partners have?
It reports 15,155 individual clients: 4,949 high-net-worth individuals and 10,206 other individuals. Individuals account for about 92% of its regulatory assets.
Where is Arax Advisory Partners headquartered?
Its main office is in New York, New York. It reports 39 offices in total and 361 employees, 168 of whom perform investment advisory functions.
How does Arax Advisory Partners charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees; performance-based fees; other. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Arax Advisory Partners use?
It reports 3 custodians for its clients’ separately managed accounts: Fidelity, Charles Schwab and BNY Pershing. On Schedule D of its Form ADV filed August 14, 2026, it reports these amounts held: Fidelity ($15B); Charles Schwab ($8.3B); BNY Pershing ($2.6B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Arax Advisory Partners a hybrid RIA with a broker-dealer?
Arax Advisory Partners is a hybrid RIA: 118 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Usca Securities LLC. Usca Securities LLC clears through National Financial Services (Fidelity), according to its annual report filed with the SEC. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Arax Advisory Partners a fiduciary?
As an SEC-registered investment adviser, Arax Advisory Partners owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 118 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Arax Advisory Partners’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-08-14), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →