Wealth manager, independent · West Seneca, NY
Sgroi Wealth Advisory Group LLC
SEC-registered investment adviser · CRD 289764 · SEC 801-112067
At a glance
Sgroi Wealth Advisory Group LLC is an SEC-registered investment adviser based in West Seneca, New York, with $1.4B in regulatory assets under management as of its Form ADV filed February 2, 2026. It reports 7,647 individual clients, 169 of them high-net-worth, holding an average of about $0.2 million each, and 27 employees. That ranks it 820th among the nation’s 5,657 independent wealth management RIAs and 66th of 408 in New York. It reports 3 custodians for its clients’ separately managed accounts: IPX, Fidelity and Charles Schwab.
Main office 716-674-6700sgroilawley.comAs filed on Form ADV
- Regulatory AUM
- $1.4B
- Rank among independent wealth managers
- #820 of 5,657
- Rank among all SEC RIAs
- #4,541 of 17,210
- Rank in New York
- #66 of 408
- Individual clients
- 7,647
- High-net-worth clients
- 169
- Accounts
- 7,676
- Discretionary
- 100% of AUM
- Employees
- 27
- Advisory staff
- 14
- Offices
- 2
Owners and executives on its Form ADV
- Patrick J. SgroiPresident
- John G. CloudenChief Compliance Officer and Senior Vice President
Custody and brokerage
Broker-dealer
Hybrid RIA
Sgroi Wealth Advisory Group LLC is a hybrid RIA: 13 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed February 2026) names LPL Financial as the broker-dealer its advisers are registered with.
Some associated persons of the Firm, however, are FINRA-licensed Registered Representatives of LPL Financial, a securities broker/dealer holding memberships in FINRA and SIPC.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Individuals | 7,478 | $1.1B | 80% |
| High-net-worth individuals | 169 | $273M | 20% |
| Pension and profit sharing plans | 23 | $3M | <1% |
| Charitable organizations | 6 | $1M | <1% |
Disciplinary disclosures
Sgroi Wealth Advisory Group LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
Form ADV and brochures on the SEC’s adviser search ↗sgroilawley.com ↗
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The full record on Sgroi Wealth Advisory Group LLC
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- Assets, accounts, clients and staff, 8 years of filings
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- Rank against 2,735 peers of its type and size
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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 |
|---|---|---|
| The Pinnacle Financial GroupRockville Centre | $1.4B | 3,150 |
| Next Level Private LLCHarrison | $1.4B | 799 |
| Hollow Brook Wealth Management LLCKatonah | $1.4B | 549 |
| Payne Capital Management, LLCNew York | $1.3B | 964 |
| J.J. Burns & CompanyMelville | $1.3B | 617 |
| Opal Wealth Advisors, LLCJericho | $1.2B | 730 |
Background
Questions
How much does Sgroi Wealth Advisory Group LLC manage?
Sgroi Wealth Advisory Group LLC reports $1.4B in regulatory assets under management across 7,676 accounts, 100% of it on a discretionary basis, on its Form ADV filed February 2, 2026.
How many clients does Sgroi Wealth Advisory Group LLC have?
It reports 7,647 individual clients: 169 high-net-worth individuals and 7,478 other individuals. Individuals account for about 100% of its regulatory assets.
Where is Sgroi Wealth Advisory Group LLC headquartered?
Its main office is in West Seneca, New York. It reports 2 offices in total and 27 employees, 14 of whom perform investment advisory functions.
How does Sgroi Wealth Advisory Group LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Sgroi Wealth Advisory Group LLC use?
It reports 3 custodians for its clients’ separately managed accounts: IPX, Fidelity and Charles Schwab. On Schedule D of its Form ADV filed February 2, 2026, it reports these amounts held: IPX ($61M); Fidelity ($0M); Charles Schwab ($0M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Sgroi Wealth Advisory Group LLC a hybrid RIA with a broker-dealer?
Sgroi Wealth Advisory Group LLC is a hybrid RIA: 13 of its employees are also registered representatives of a broker-dealer. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Sgroi Wealth Advisory Group LLC a fiduciary?
As an SEC-registered investment adviser, Sgroi Wealth Advisory Group LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 13 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 Sgroi Wealth Advisory Group LLC’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 (2026-02-02), 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 →