Sax expands advisory bench

Sax acquired SFS Financial in Kinnelon, New Jersey, strengthening the Top 75 Firm's advisory capabilities. 

The transaction, effective as of June 30, brings roughly $140.5 million in assets under management and adds three employees, including Zoriana Stawnychy, Frank Lombardo and Stephan Bilyk.

"Zoriana and her team have built something special at SFS Financial, grounded in the same client-first philosophy that defines our firm," Kyle Stawicki, managing partner of SAX Wealth Advisors, said in a statement. "Bringing their expertise, relationships and dedication into our platform is exactly the kind of partnership that fuels our long-term vision."

Sax, based in Parsippany, New Jersey, ranked No. 60 on Accounting Today's 2026 Top 100 Firm list. It reported $138 million in revenue, with 71 partners and over 430 employees across offices. 

In July 2025, the firm received a minority investment from private equity firm Cobepa with the plan to expand its footprint along the East Coast through acquisitions, improve its service offerings and invest in technology. Subsequently, it separated its attest and non-attest services into Sax LLP and Sax Advisory Group, respectively.

"Every new partnership strengthens the platform we're building for our advisors and the clients they serve," Stawicki added. "We're proud to welcome the SFS Financial team and look forward to what we'll accomplish together."

Earlier this year, Sax acquired Faz Forensics in New York and Boston; CoMetrics Partners in New York City; Scheidel, Sullivan & Lanni and Sierra Financial Advisors in New Jersey; and Owen J. Flanagan & Co. in New York. Other recent deals include the acquisition of Maddaloni, Nydick & Keenan in Florham Park, New Jersey, and SCL Consulting in Columbia, Maryland. It also added Sewald & Anastasia in Parsippany, New Jersey, last year prior to taking PE funding.