SAX 2025 Year in Review

A YEAR OF INNOVATION, GROWTH, AND PROGRESS 2025 YEAR IN REVIEW

A MESSAGE FROM JOSEPH A. DAMIANO

SAX CEO & MANAGING PARTNER

Dear Valued Clients, Team Members, and Friends,

At SAX, our success has always been rooted in our people—our team members, our clients, and the trusted professional network we work alongside every day. Together, these relationships form the foundation of our firm and guide our long-term vision. As we reflect on the past year, I’m proud to share a Year in Review that captures not only what we accomplished in 2025, but how we continue to evolve thoughtfully and strategically.

Inside these pages, you’ll see how we celebrated the individuals who define our firm, including the promotion of new partners and the growth, achievements, and milestones of our expanding team. You’ll also find highlights of the meaningful investments we made in leadership, technology, and talent development—ensuring we are well positioned to meet the changing needs of our clients.

This year marked an important chapter in our growth journey, with strategic acquisitions, expanded advisory capabilities, and a transformative partnership that strengthens our ability to innovate while remaining proudly independent. At the same time, we continued to invest in our communities, reinforce our commitment to excellence, and earn national recognition across our firm and wealth advisory platform.

Together, these moments tell a larger story—one of momentum, resilience, and shared purpose. As we look ahead, we remain focused on empowering our people, deepening relationships, and delivering enduring value for our clients today and in the years to come.

Thank you for being part of the SAX story.

WHAT DRIVES US FORWARD DNA SAX

At the core of our firm is a simple belief: growth happens when trust, integrity, and expertise come together. Our DNA defines how we show up every day—for our clients, our team, and our professional partners. We serve as our clients’ #1 advisor by acting with respect, operating with unwavering integrity, and delivering on our commitments. We believe in being good humans, thinking with agility, embracing technology to move faster and smarter, and inspiring our people to raise the bar. Above all, we remain fiercely independent, allowing us to advocate objectively and steward what matters most. These principles guide our decisions, shape our culture, and power the impact we deliver.

We invite you to learn more about our mission and core values here:

And here’s a peek at what we’re like when we think the cameras aren’t rolling...

FIRM ACCOLADES

SAX ADVISORY GROUP

RANKED # 63 on INSIDE Public Accounting’s Top 100 Firms list

SAX WEALTH

ADVISORS

Named INSIDE Public Accounting’s “Best of the Best” O

RANKED # 31

Recognized as a 5-Star RIA by InvestmentNews

Fastest-Growing RIA by Financial Advisor Magazine

RANKED # 66

on Accounting Today’s 2025 Top 100 Firms

RANKED # 28 on Construction Executive’s Top Accounting Firms™

RANKED # 21 on Accounting Today’s 2025 Top Firms by AUM

Recognized among America’s Top Financial Advisory Firms 2025 by Newsweek

Please click here to reference important disclosure information regarding these awards.

KEY MANAGEMENT

CEO & MANAGING PARTNER

Joseph A. Damiano CPA

EXECUTIVE BOARD

Joshua Chananie CPA

Joseph A. Damiano CPA

Shivani Jain CPA, MST

Andrew Hollod

Ermal Luzaj CPA, MBA

Joseph Shannon CPA/ABV, CFE

Kyle Stawicki ChFC®

OFFICE LEADERS

PARSIPPANY, NJ (HQ)

Joseph A. Damiano CPA

MORGANVILLE, NJ

Joseph J. Bulger EA

EWING, NJ

Jeremy Rhen CFP®

NEW YORK CITY, NY

Lisa Goldman CPA, M.TAX, TEP

BOSTON, MA

Peggy McGillin CFP®

MUMBAI, INDIA

Raghunadh Bolla

RISK MANAGEMENT

W. Michael Curry CPA, CCIFP

Vincent Flanagan

Christopher Gaffney CPA, MST

Trevor Hodges

Shivani Jain CPA, MST

Rob Owen

Michael Rolls

Kyle Stawicki ChFC®

Al Traverso CPA

CHARITABLE FOUNDATION BOARD

David Ashenfarb CPA

Joseph A. Damiano CPA

Candy Gordon

Carolyn Lanza

Helena Lynch CPA, MST

Jennifer L. Moroz CPA

Deborah Nappi CPA, MST

Michael Rolls

Peter J. Scalise

Marqus White CPA

FIRM OPERATIONS

CHIEF FINANCIAL OFFICER

Nicholas Valentini

CHIEF HUMAN RESOURCES OFFICER

Christine Brennan-Savino

CHIEF INFORMATION OFFICER

Robert Owen

CHIEF MARKETING OFFICER/ HEAD OF BUSINESS DEVELOPMENT

Leon Grassi

CHIEF OPERATING OFFICER

Michael Rolls

CHIEF OPERATING OFFICER & CHIEF COMPLIANCE OFFICER - SAXWA

Trevor Hodges

DIRECTOR OF IT OPERATIONS

Tom Hughes

DIRECTOR OF LEARNING & DEVELOPMENT

Nick Romanowski

DIRECTOR OF M&A

Peyton Bowman, MBA

DIRECTOR OF MARKETING

Margaret Henn

DIRECTOR OF OPERATIONS

Stephen Pena

DIRECTOR OF QUALITY CONTROL

Akram Soliman CPA

GENERAL COUNSEL

Vincent Flanagan

QUALITY CONTROL COMMITTEE

George Charne

W. Michael Curry CPA, CCIFP

William R. Happe CPA

April Kushner CPA

Ashley Nikituk CPA

Melissa L. O’Shea CPA

Todd Polyniak CPA

Akram Soliman CPA

Michael Schall CPA

Al Traverso CPA

SERVICE DIRECTORY

ACCOUNTING + AUDITING

Albert Traverso CPA

 (973) 554-6136 atraverso@saxadvisorygroup.com

CANNABIS

Allison Kirchhofer CPA, MBA

 (973) 554-6986 akirchhofer@saxadvisorygroup.com

CLIENT ACCOUNTING SERVICES

Peter Motsch CPA, MBA

 (862) 849-7266 pmotsch@saxadvisorygroup.com

CONSTRUCTION

Ermal Luzaj CPA, MBA

 (973) 554-6174 eluzaj@saxadvisorygroup.com

CONSUMER PRODUCTS

Joshua Chananie CPA

 (973) 554-6160 jchananie@saxadvisorygroup.com

EMPLOYEE BENEFIT PLAN AUDITS

Jennifer L. Moroz CPA

 (973) 472-6250 jmoroz@saxadvisorygroup.com

FEDERAL TAX CREDITS & INCENTIVES

Peter J. Scalise

 (212) 661-8640 pscalise@saxadvisorygroup.com

FRACTIONAL FINANCE

Eric Meisner

 (973) 554-6014 emeisner@saxadvisorygroup.com

HEALTHCARE

Deborah Nappi CPA, MST

 (973) 554-6191 dnappi@saxadvisorygroup.com

HR CONSULTING

Christine Brennan-Savino  (973) 554-6190 cbrennan-savino@saxadvisorygroup.com

INTERNATIONAL TAX

Lisa Goldman CPA, M.TAX, TEP  (646) 395-5037 lgoldman@saxadvisorygroup.com

NONPROFIT

Michael Schall CPA  (212) 268-2804 mschall@saxadvisorygroup.com

PRIVATE CLIENT

Joseph J. Bulger EA

 (973) 554-6094 jbulger@saxadvisorygroup.com

PROFESSIONAL SERVICES

Jennifer L. Moroz CPA

 (973) 472-6250 jmoroz@saxadvisorygroup.com

REAL ESTATE

Joseph Shannon CPA/ABV, CFE  (973) 554-6100 jshannon@saxadvisorygroup.com

REAL ESTATE ADVISORY

Michael Mastruzzo CPA  (917) 612-6798 mmastruzzo@saxadvisorygroup.com

SAX CAPITAL ADVISORS

Jerome Fusco

 (973) 554-6127 jfusco@saxca.com

SAX TECHNOLOGY ADVISORS

Rob Owen

 (212) 251-2360 rowen@saxtechnology.com

Leon Grassi

 (973) 554-6165 lgrassi@saxtechnology.com

SAX WEALTH ADVISORS

Kyle R. Stawicki ChFC®  (973) 554-6006 kstawicki@saxwa.com

STATE AND LOCAL TAX

Richard Goldstein JD  (973) 554-6916 rgoldstein@saxadvisorygroup.com

TAX

Shivani Jain CPA, MST  (973) 554-6161 sjain@saxadvisorygroup.com

TAX CONTROVERSY

Mathew J. Giordano CPA, MST  (973) 554-6142 mgiordano@saxadvisorygroup.com

TRANSACTION ADVISORY

Colin Baker CPA, CVA, MBA  (973) 554-6083 cbaker@saxadvisorygroup.com

TRUSTS & ESTATES

Ladidas Lumpkins CPA, JD, LLM  (973) 472-6250 llumpkins@saxadvisorygroup.com

VALUATION, FORENSIC & LITIGATION

Megan Sartor CPA, ABV, CFF  (973) 554-6158 msartor@saxadvisorygroup.com

CELEBRATING OUR PEOPLE

At SAX, our story is defined by our people—those who built the firm, those who lead it today, and those shaping what comes next. As we reflect on our past, celebrate our present, and look confidently toward the future, we are proud to honor the careers, achievements, and milestones that continue to move our firm forward.

CELEBRATING THE CAREER OF JEFFREY P. ROUDE, CPA

Recognizing more than 30 years of service defined by expertise, integrity, and lasting client relationships.

After more than 30 years in public accounting, Jeffrey P. Roude, CPA, has retired from SAX. As a Partner and a leader of the firm’s Real Estate Practice for the New York market, Jeff has been a trusted advisor to clients across residential and commercial real estate, cooperative and condominium properties, hospitality, manufacturing, and nonprofit sectors. Known for his technical expertise and practical guidance, he consistently built close relationships and delivered thoughtful, high-quality service.

Within the firm, Jeff was respected for his welcoming presence, direct yet adaptable leadership style, and dedication to both colleagues and clients. Beyond SAX, he contributed to professional organizations, cultural institutions, and youth and nonprofit programs, reflecting his commitment to community and service.

His fellow Partners say:

Jeff clearly cared about his clients and brought years of knowledge to the cooperative industry.

From the start, he was welcoming to team members and built close, trusted relationships with every client.

He balanced a direct approach with thoughtful adaptability and was deeply dedicated to his work.

Jeff’s expertise, leadership, and commitment leave a lasting mark on SAX, and we wish him a fulfilling and well-deserved retirement.

OUR NEW PARTNERS

We are proud to announce the promotion of Matthew Goldstein, CPA; Tiffany Roque, CPA, MST; and Stephen Smith, CPA to Partner at SAX effective January 1, 2026. These well-earned promotions reflect their exceptional leadership, technical excellence, and unwavering commitment to serving our clients, as well as our continued growth and investment in the future of our firm.

Matthew Goldstein, CPA advises clients in the construction, real estate, and consumer and industrial products industries on audits, tax planning, cash flow management, and banking matters, while actively supporting staff development and long-term client relationships.

Tiffany Roque, CPA, MST specializes in international tax planning and compliance for affluent individuals and closely held businesses, advising clients on complex cross-border tax matters with a proactive, solutions-oriented approach.

Stephen Smith, CPA brings more than 15 years of experience serving nonprofit organizations, overseeing audits and Single Audits while also mentoring and developing our audit professionals.

Please join us in congratulating Matthew, Tiffany and Stephen on this outstanding achievement!

2025 PROMOTIONS

SAX is proud to announce the promotion of 30 team members, effective July 1, 2025. These promotions reflect our commitment to developing talent from within and recognize individuals who exemplify leadership, excellence, and dedication to our clients. We congratulate each of these professionals and look forward to their continued impact and growth at SAX.

TAX PROMOTIONS

Steven Sperling Director

Cang Vu Manager

Daniel Davidson Manager

Janet Sabah Senior Associate

Siobhan Morrissey Senior Associate

AUDIT & ACCOUNTING PROMOTIONS

Brandon Chinchilla Manager

Brittany Jones Manager

Elizabeth Reilly Manager

Misha Samaroo Manager

Bella Medina Senior Associate

Christopher Gass Senior Associate

John Wagner Senior Associate

John Gomes

Senior Associate

Jordan Brownlee Senior Associate

Kristina Kolarski

Senior Associate

Matthew D’Andrea Senior Associate

Paul Collins

Senior Associate

Sabbath Appiah Senior Associate

Zara Zulqarnain Senior Associate

WEALTH MANAGEMENT PROMOTIONS

Jack Cassidy Director of Investment Strategy

Natalie Alvarez Director of Client Services

Alexandra Hoff Retirement Plan Advisor

Jonathan Shen Wealth Advisor

FAMILY OFFICE PROMOTIONS

Jourdan Wilner Senior Manager

Peter Calicchio Senior Manager

CLIENT ACCOUNTING SERVICES PROMOTION

Sadchit Desai Manager IT PROMOTIONS

Adam Carcione Technical Services Manager

Ryan Lange Technical Services Manager

MARKETING PROMOTION

Talia Spendiff Marketing and Events Coordinator LEARNING & DEVELOPMENT PROMOTIONS

Nicole Meraviglia Senior Specialist

CERTIFICATIONS

Our professionals are the foundation of our firm, and we’re proud to recognize team members who earned their CPA and EA credentials in 2025. These achievements reflect their dedication to professional growth and excellence in service. Congratulations to the following individuals on this important milestone:

Thomas DeGrosa

Daniel Davidson

Harsh Mehta

Brandon Chinchilla

Cindy Wu

Cang Vu

Kevin Nagvekar

Mehul Madani

TEAM MEMBER ACHIEVEMENTS

Joseph Damiano

CEO & Managing Partner, Joseph Damiano received multiple honors recognizing his leadership and professional impact, including:

• The Brother Arthur A. Loftus Award for Outstanding Achievement from Iona College

• Recognition as a 2025 Best-in-State CPA by Forbes

• Inclusion on the ROI-NJ Influencers: Power List 2025 for Accounting

• Recognition by NJBIZ as a Leader in Finance

Adam Holzberg

Partner at SAX, Adam Holzberg has been named a 2025 NJBIZ Forty Under 40 honoree. Adam’s vision, integrity, and dedication to client success continue to distinguish him as a rising leader in the industry.

David Ashenfarb

Partner at SAX, David Ashenfarb has been appointed to the Board of Directors of Nonprofit New York, reflecting his ongoing commitment to leadership and service within the nonprofit community.

Donovan Tomlinson

Partner at SAX, Donovan Tomlinson has been appointed Board Treasurer of the Black in Jewelry Coalition, underscoring his commitment to leadership and advocacy within the industry.

Alexandra Hoff Please

Retirement Plan Advisor, Alexandra Hoff has been recognized by the National Association of Plan Advisors (NAPA) as one of the 2026 Aces: Top 100 Retirement Plan Advisors Under 40, a national honor celebrating advisors shaping the future of the retirement plan industry.

SAX

At SAX, our tax and accounting services have long been the cornerstone of our success, providing the reliable foundation our clients depend on. While we continually enhance these offerings, like International Tax, State & Local Tax, Federal Credits and Incentives, and more, we’ve recognized that our clients need even more to thrive. As their trusted advisor, we continue to expand and evolve our advisory services, growing alongside them every step of the way.

Some of these offerings include:

CLIENT ACCOUNTING SERVICES

We provide tailored accounting and bookkeeping services that streamline operations, ensure compliance, and deliver real-time financial insights. From day-to-day bookkeeping to advanced planning and analysis, our team acts as an extension of your business, offering the guidance and technology needed to make informed, forward-looking decisions.

INVESTMENT BANKING

Our team has the expertise needed to assist in finding the perfect partner when selling or acquiring a business, preparing a business for sale, raising capital, and/or restructuring a company, and more.

OUTSOURCED SUITE

Our Outsourced Suite provides businesses with access to fractional C-level expertise across Finance, HR, and Technology. By combining strategic leadership with day-to-day operational support, we help organizations drive growth, strengthen compliance, and stay ahead in an everchanging business landscape—all without the overhead of full-time executive hires.

PRIVATE CLIENT

We offer tailored solutions to highnet-worth individuals, ensuring the utmost confidentiality while taking a comprehensive approach to wealth management. We assist in managing wealth, preserving legacy, and ensuring financial security.

STRATEGIC BUSINESS TRANSFORMATION

We provide 360 consulting via a full range of comprehensive and project-based services. Our team focuses on guiding businesses forward through strategic and innovative solutions from start-up to succession planning, and everything in between.

TECHNOLOGY ADVISORY & SERVICES (SAX TECHNOLOGY ADVISORS)

We deliver innovative, tailored technology solutions that help businesses improve efficiency, strengthen security, and scale with confidence. Our experienced advisors provide strategic guidance and practical services to help organizations overcome challenges, adopt modern tools, and achieve measurable, sustainable growth.

TRANSACTION ADVISORY (SAX CAPITAL ADVISORS)

From integration to transformation to separation strategy, we are an execution driven and results-focused M&A leader who works tirelessly to ensure they are strategically positioned, identifying and realizing value during the due diligence process and throughout the entirety of a transaction.

VALUATION, FORENSIC & LITIGATION

Whether it is litigation, investing potential fraud, Alternative Dispute Resolution or just trying to find a solution to a complex financial situation, leading attorneys, business owners, banks, insurance companies, in-house counsel and the judiciary lean on us to help navigate through the intricacies of any matter.

WEALTH ADVISORY (SAX WEALTH ADVISORS)

We provide holistic financial planning that integrates investments, tax strategies, estate planning, and retirement planning for individuals and employers. With over $4.6 billion in assets under management, including $1 billion in retirement plan assets, we deliver objective, personalized strategies that help clients make informed decisions and manage financial complexity with confidence. *Includes approximately $3.6B

EXPANSIONS AND ENHANCEMENTS

EXPANDING WITH PURPOSE & VISION

In 2025, SAX experienced a year of meaningful progress marked by strategic investment, thoughtful expansion, and continued focus on its people, clients, and communities. Across the firm, initiatives were guided by a long-term vision centered on sustainable growth, operational excellence, and delivering consistent value. From strengthening leadership and expanding service capabilities to modernizing technology and deepening community impact, SAX advanced key priorities while preserving the culture and relationships that define the firm.

The following highlights reflect the milestones and investments that shaped the year and positioned SAX for continued momentum in the years ahead.

STRATEGIC PARTNERSHIP FUELS THE NEXT PHASE OF GROWTH

In 2025, SAX entered a pivotal chapter with a minority investment from Cobepa, an independent, privately held investment firm. This partnership strengthened SAX’s ability to expand, innovate, and continue delivering exceptional value while remaining proudly independent.

As part of this evolution, SAX restructured to align with its growth strategy: Sax LLP continues to deliver attest services as a licensed CPA firm, while advisory, consulting, and professional services operate through Sax Advisory Group. This structure ensures continuity, with no disruption to client relationships or engagements.

Cobepa’s hands-with investment approach aligns closely with SAX’s client-first culture and long-term vision, positioning the firm to scale capabilities, invest in people, and support sustained growth in the years ahead.

ACCELERATING GROWTH THROUGH STRATEGIC ACQUISITIONS

SAX’s growth strategy took shape in 2025 through the acquisition of four firms, expanding geographic reach, deepening expertise, and strengthening service offerings across key markets. These acquisitions added new partners, team members, and capabilities while preserving the cultures that made each firm successful.

Earlier in the year, SAX acquired Sewald & Anastasia CPAs, bolstering its New Jersey presence and strengthening real estate and private client services. SAX also completed its first post-Cobepa acquisition with Maddaloni, Nydick & Keenan, P.C., a firm recognized for its client-first philosophy and commitment to internal growth.

The addition of SCL Consulting enhanced SAX’s Client Accounting Services practice and expanded its Mid-Atlantic presence. Known for its collaborative approach and trusted client relationships, SCL aligned closely with SAX’s values and strengthened one of the firm’s fastest-growing disciplines.

Together, these acquisitions reflected a deliberate approach to growth— partnering with like-minded firms to deliver broader and deeper value to clients.

STRENGTHENING LEADERSHIP TO EXPAND ADVISORY EXCELLENCE

Throughout 2025, SAX invested in leadership by welcoming accomplished partners and executives who strengthened the firm’s fastest-growing and most strategic practice areas. These additions reinforced SAX’s commitment to a fully integrated, high-impact advisory platform.

Peter Motsch, CPA, MBA, strengthened Client Accounting Services as lead, and Colin Baker, CPA, CVA, MBA, now leads Transaction Advisory Services. Michael Mastruzzo, CPA, joined as Partner and Real Estate Advisory Practice Leader. Ladidas Lumpkins, CPA, JD, LLM, assumed leadership of the Trusts and Estates Practice. Les Vasvari, CFA, CMT, assumed the role of Chief Investment Officer for SAX Wealth Advisors, and Allison Kirchhofer leads the firm’s Cannabis Practice. Stacey Udell joined the firm as Partner, bolstering both the Business Valuation & Litigation Practice and the Cannabis Practice.

Together, this leadership expansion deepens expertise, strengthens collaboration, and enhances the firm’s ability to serve clients navigating growth and change.

ADVANCING SAX TECHNOLOGY ADVISORS FOR A DIGITAL-FIRST FUTURE

In 2025, SAX Technology Advisors was revitalized to better equip businesses navigating an increasingly complex digital environment. Under new leadership from Rob Owen and Leon Grassi, the practice sharpened its focus on delivering strategic guidance and practical technology solutions that drive efficiency, scalability, and growth.

SAX Technology Advisors supports organizations through both advisory-led engagement and standalone technology services, helping clients strengthen infrastructure, enhance cybersecurity, and make informed technology decisions. By pairing cutting-edge tools with tailored support, the team enables organizations to confidently advance digital transformation and achieve measurable results.

As part of this evolution, Rob and Leon introduced the Under the Hood video series, offering candid conversations on IT services, cybersecurity, and innovation. The series also features leaders from across SAX discussing where the practice stands today, its ongoing advancements, and the vision shaping its future.

Learn more at saxtechnology.com

INVESTING IN COMMUNITIES WITH PURPOSE & IMPACT

In a defining moment for the firm, SAX partners collectively contributed $1 million to the SAX Charitable Foundation in 2025, reinforcing the belief that growth and responsibility go hand in hand. This commitment reflected SAX’s long-standing dedication to supporting the communities where its people live and work.

The contribution followed the firm’s strategic investment partnership with Cobepa and mirrored broader momentum across the organization. As SAX invested in the future of the business, its partners also invested meaningfully in the future of their communities.

The SAX Charitable Foundation focuses on supporting high-impact nonprofit organizations aligned with the firm’s values, with emphasis on education, community development, and leadership initiatives. These efforts empower future leaders, strengthen local communities, and fosters a shared sense of purpose across the firm.

BUILDING TALENT, LEADERSHIP & WELL-BEING FIRMWIDE

In 2025, SAX made significant investments in learning, development, and wellness to support its growing team. Expanded access to CPE through Becker Professional Education more than doubled utilization, resulting in over 6,000 completed CPE hours

The firm introduced structured, level-based learning pathways, standardized core processes, and enhanced training programs across Tax and Assurance & Advisory. Leadership development advanced through the launch of an Operations Development Program, which received strong feedback for practical skill-building.

SAX also enhanced its commitment to well-being with the rollout of the Caravan Wellness app and monthly firmwide wellness programming. Thought leadership expanded through LumiQ podcast production, extending the firm’s presence in the CPE market. Together, these efforts reinforce a culture of continuous learning and long-term professional growth.

ADVANCING AUDIT INNOVATION THROUGH TECHNOLOGY TRANSFORMATION

SAX strengthened its Assurance & Advisory capabilities in 2025 with the launch of a new audit software platform, DAS. This initiative modernizes audit delivery while supporting consistency, adoption, and efficiency across teams.

The new audit technology improves workflow automation, documentation standards, and data-driven insights. To support adoption, SAX deployed comprehensive training and job aids across the departments.

This combined investment in systems and people ensured innovation translated into improved client outcomes, enabling audit teams to deliver high-quality engagements with greater clarity and scalability.

ENHANCING CLIENT COLLABORATION THROUGH A UNIFIED DIGITAL PORTAL

In 2025, SAX transitioned to HubSync™ as its centralized client portal, simplifying document intake, strengthening data security, and standardizing collaboration across the firm.

HubSync™ replaced multiple legacy portals, consolidating client interaction into a single workspace with multi-factor authentication. The platform supported centralized document retention, customizable access permissions, built-in e-signatures, and mobile accessibility— enhancing efficiency and the overall client experience.

MANAGEMENT INCENTIVE UNITS

In 2025, SAX introduced a Management Incentive Plan (MIP) designed to reward and retain top management talent while reinforcing the firm’s long-term vision. The program aligns leadership incentives with the company’s strategic goals, ensuring that those guiding the firm’s direction are directly invested in its sustained success.

By fostering a culture of accountability, performance, and shared ownership, the MIP supports continued growth, profitability, and innovation. This initiative reflects SAX’s ongoing commitment to building a strong leadership foundation that drives progress for clients, team members, and the firm as a whole.

NATIONAL RECOGNITION & STRATEGIC GROWTH IN WEALTH ADVISORY

In 2025, SAX Wealth Advisors expanded its team, geographic presence, and operational scale across the East Coast. Over the course of the year, the firm added more than 20 professionals, completed 12 acquisitions, and grew to 8 offices. The firm continued to build their in-house Portfolio Management Team led by a Chief Investment Officer, and manages over $4.6 billion in assets, including $1 billion in retirement plan assets.

During the year, SAX Wealth Advisors received multiple industry recognitions tied to firmwide performance. The firm was named to Newsweek’s America’s Top Financial Advisory Firms 2026, ranked #31 on Financial Advisor Magazine’s Top 50 Fastest-Growing RIA Firms, recognized as a 5Star RIA Firm by InvestmentNews, and ranked #21 nationally by Accounting Today for assets under management—marking its eighth consecutive year as a “Wealth Magnet” firm.

*Includes approximately $3.6B in regulatory assets under management (RAUM) and $1 billion in assets under advisement (AUA) as of December 31, 2025.

Please click here to reference important disclosure information regarding these awards.

THOUGHT LEADERSHIP

HEALTHCARE INDUSTRY UPDATE

SAX kicked off the year with its Healthcare Industry Update on February 13, 2025, hosting healthcare executives and advisors at the Upper Montclair Country Club in Clifton, New Jersey for a sharp, forwardfocused program. The agenda tackled the realities reshaping healthcare today, from the rise of advanced direct primary care and the booming aesthetics and med spa market to risk management strategies and the evolving role of private equity in the space. Featuring insights from SAX professionals and industry leaders, the event delivered candid discussion and practical perspective for navigating a sector defined by rapid change and growing complexity.

NONPROFIT INDUSTRY UPDATE

SAX’s nonprofit practice hosted two events in 2025 focused on helping organizations adapt, lead, and plan for long-term sustainability.

The Nonprofit Industry Update, held on June 5 in New York City at the New York Marriott Marquis, delivered timely perspective on the nonprofit landscape. The program addressed the economic outlook, evolving compliance requirements,

fundraising strategy in a shifting donor environment, and governance considerations designed to help leadership teams make informed, proactive decisions.

Later in the year, SAX presented Future Proofing Your Nonprofit on November 18 at the Prudential Center in Newark, New Jersey. This full-day conference explored leadership development, workforce and retention challenges, burnout, succession planning, and organizational resilience. Through keynote sessions, panel discussions, and networking, attendees gained practical tools and fresh perspective to help their organizations stay strong through change.

CONSUMER & INDUSTRIAL PRODUCTS CONFERENCE

Watch the CIP Conference event video...

SAX’s Fourth Annual Consumer & Industrial Products Conference took over MetLife Stadium on October 24, bringing together operators, investors, and advisors for a grounded, forwardlooking conversation about where the industry is headed and how to win in it. The day opened with a keynote from former JETS player, Erik Coleman, whose perspective on leadership, discipline, and performance set the tone for candid discussion beyond spreadsheets and supply chains.

The centerpiece “Heat Map of the Industry” panel cut straight to the pressures leaders are facing right now, from inflation and insurance challenges to logistics, capital access, and regulatory change, with experts from SAX, CSG Law, Hotaling Insurance Services, CargoTrans, SAX Capital Advisors, and Citizens Bank offering practical, real-world viewpoints. Attendees also explored emerging tools and technologies in the Exhibition Showcase, seeing firsthand how innovation is reshaping operations across consumer and industrial products. With conversations flowing from breakfast through cocktails in the Commissioners Club, the conference balanced sharp insight with meaningful relationship-building, reinforcing SAX’s role at the center of the industry ecosystem.

REAL ESTATE & CONSTRUCTION INDUSTRY UPDATE

SAX presented its Real Estate & Construction Industry Update on November 14, at the Park Avenue Club in Florham Park, New Jersey. The program addressed current development activity, economic conditions, risk considerations, and the increasing influence of technology across construction and real estate, with insights from SAX leaders and industry professionals.

Structured for efficiency and relevance, RECON delivered clear takeaways for decision-makers planning ahead in a complex operating environment.

SAX TECHNOLOGY CLIENT DINNERS

Following the launch of SAX Technology in 2025, the team hosted a series of intimate dinners designed to introduce the practice in a more personal setting. Led by CTO Leon Grassi, CIO Rob Owen, and Director Tom Hughes, these gatherings created space for open conversation around today’s technology challenges and how SAX Technology can support organizations across their full technology lifecycle. The dinners marked the official rollout of the group’s expanded capabilities, reinforcing to clients that expert guidance is available whether they are navigating strategy, infrastructure, security, or growth-driven technology needs.

LEADERSHIP SUMMIT

Held May 20 through May 22 at the Ocean Casino Resort in Atlantic City, the 2025 Leadership Summit brought SAX partners and firm leaders together for focused time on the firm’s long-term direction. Across strategy sessions and leadership discussions, participants examined growth opportunities, operational priorities, and the evolving needs of clients and teams. The summit reinforced a shared commitment to intentional growth, strong leadership, and forward momentum, setting a clear course for where SAX is headed next.

NYC HAPPY HOUR

In July, SAX hosted a NYC Happy Hour at Bar Harta, welcoming clients and centers of influence for an easygoing evening of conversation, cocktails, and small bites. Designed as a mid-summer touchpoint, the event gave partners the chance to reconnect outside the office, strengthen relationships, and enjoy time together in a relaxed, informal setting. The night reflected SAX’s people-first approach to building lasting partnerships, one good conversation at a time.

WEBINARS

Webinars continued to be a core resource SAX leveraged in 2025 to deliver timely, meaningful content to clients and our broader network. Throughout the year, SAX professionals hosted virtual sessions spanning tax updates with Tax with SAX, industry-specific discussions across healthcare, nonprofit, real estate, construction, and cannabis, as well as timely topics tied to regulatory changes and market developments. Designed for accessibility and relevance, these webinars provided practical guidance and expert perspective, allowing participants to stay informed and connected wherever they were.

Throughout 2025, SAX expanded its nonprofit resources with the Nonprofit Fundamentals video series, hosted by April Kushner and Adam Holzberg The series breaks down core topics nonprofit leaders care about, from financial statements and key performance indicators to fundraising strategy, board governance, mergers and acquisitions, donor-advised funds, and trends shaping the sector. Each episode pairs expert perspective with practical explanation designed to demystify financial and operational essentials for nonprofit professionals, board members, and anyone looking to strengthen mission-driven work.

In 2025, SAX expanded its cannabis content with Herb on the Curb, a video series that steps outside the office and into dispensaries across New Jersey and New York. Each episode spotlights the stories behind local cannabis businesses, offering a firsthand look at operators, storefronts, and the communities they serve. Designed to be approachable and authentic, the series provides an on-the-ground perspective on a fast-growing industry and the people shaping it.

THE SAX

CHARITABLE FOUNDATION

The SAX Charitable Foundation supports organizations dedicated to developing future leaders, strengthening communities, and inspiring engagement among the Firm’s employees and partners. This year, the Foundation hosted several impactful initiatives, including a school supply drive, a coat drive, and a toy drive.

Supported by a generous $1 million gift received earlier this year, the Foundation is exceptionally well positioned to advance its mission, with its two largest initiatives also achieving notable success.

SAX is thrilled to announce another very successful year for the SAX 4 MILER, an annual run/walk event benefiting the Child Life Department at St. Joseph’s Children’s Hospital in Paterson, NJ.

Since its inception in 2012, the event has raised over $1 million to support the hospital’s critical programs. This achievement follows the success of the 14th annual SAX 4 MILER, held on September 20, which raised over $100,000

This year’s event saw an outpouring of support from the community, participants, sponsors, and volunteers. Thanks to their generosity, 100% of the funds raised will directly benefit programs and services that enhance the hospital experience for children and their families.

The SAX 4 MILER has always been dedicated to helping children and families cope with the emotional and psychological challenges of hospitalization. The funds raised this year will continue to support essential services provided by the Child Life Department, including therapeutic play, music therapy, art therapy, and more.

This year’s event was made possible through the generous sponsorship of companies like Imperial Iron Works, Prismatic Development, Advisors Insurance Brokers, BCN Telecom, American Global, Valley Bank, Reno’s Appliances and Railroad Construction Company, who contributed at the $2,500 level or higher.

SAX looks forward to continuing its support of St. Joseph’s Children’s Hospital and the SAX 4 MILER, which has become a powerful force for good in the community. Together, SAX and its partners are helping to ensure that these vital programs will thrive for years to come.

The 8th annual Founders’ Award, themed “Perseverance,” celebrated a diverse range of nonprofit organizations working through very challenging times. This year marked a record-breaking number of applicants and geographic reach, highlighting the event’s expanding influence. Rooted in our core value of stewardship, the award showcases the firm’s commitment to supporting transformative nonprofits through the Charitable Foundation.

CONGRATULATIONS TO OUR 2025 AWARD RECIPIENTS!

Maui Economic Opportunity, awarded $20,000 for community support and development initiatives.

Their Mission: “The mission of MEO is to strengthen the community while helping people in need restore their hope, empowering them to reach their potential and enrich their lives.”

All About You Healthcare Advocates, receiving a professional video package from the nonprofit production company Beard and Bowler for healthcare advocacy efforts in NJ.

Their Mission: “All About You Healthcare Advocates (AAYHA) is committed to helping underserved and vulnerable populations gain access to quality healthcare services and community resources.”

CASA of Morris & Sussex County, granted $5,000 to support at-risk youth.

Their Mission: “Our mission is to be a strong voice for the best interests of vulnerable children who have been removed from their homes or are under court supervision due to abuse, neglect, or ‘abandonment.’”

GIVING BACK

The SAX Charitable Foundation also supported our employees’ involvement in a wide range of community initiatives. Team members participated in fundraising walks including Making Strides Against Breast Cancer in NYC and NJ and the Walk to End Alzheimer’s in NYC. In addition, SAX employees are provided with a volunteer day, which many used this year to support organizations such as the Community Food Bank of New Jersey and Oasis - A Haven for Women and Children.

Throughout the fall and spring, the Foundation also hosted several donation drives, including a school supply drive benefiting New Dawn Charter High School in NYC, a fall coat drive supporting New Destiny Family Success Centers and New York Cares, and a holiday toy drive benefiting the Boys & Girls Club of Paterson & Passaic and Toys for Tots

OUR FIRM CULTURE

Our Culture: Designed to Support People and Purpose

At SAX, our culture is intentionally designed to inspire, support, and empower our team. We believe that a strong workplace culture fuels collaboration, innovation, and longterm success—for our people, our clients, and our communities. Throughout the year, we invest in meaningful programs and experiences that promote connection, flexibility, professional growth, and giving back. Together, these elements define what it means to work—and thrive—at SAX.

Celebrating Our People

Showing appreciation for our team is a core part of who we are. Throughout the year, we recognize the hard work and dedication of our employees through firmwide celebrations and meaningful moments of connection. From our annual End-of-Year Celebration and Summer Picnic to happy hours, additional days off, and other special events, we take pride in creating opportunities to say, “thank you” and celebrate together.

Building Connection & Team Camaraderie

As our firm continues to grow and our workforce spans the globe, fostering connection is more important than ever. We intentionally create opportunities for employees to come together—whether in person or virtually—to maintain a collaborative atmosphere. These efforts include virtual games, team lunches, one-on-one coffee chats, and remote employee groups, all designed to strengthen relationships and reinforce a sense of belonging across the firm.

Flexibility That Supports Work-Life Balance

SAX embraces flexibility as a cornerstone of our culture. Through our hybrid work model, Customized Work Arrangement (CWA) program, and generous PTO offerings, employees are empowered to structure their work in ways that best fit their individual lifestyles and responsibilities. Team members at the manager level and above also enjoy self-managed PTO, reinforcing our trust-based approach and commitment to work-life balance.

Recognition & Career Growth

At SAX, we recognize excellence and promote from within, celebrating teammates who live out our core values.

To support long-term growth, our performance management approach is directly connected to learning and development. Professionals receive coaching and guidance from performance managers, supported by structured evaluation processes and level-based learning pathways that clarify expectations and development priorities at every stage. Expanded access to OnDemand courses, curated training plans, and role-aligned resources help teammates build job-relevant skills and accelerate progression. Together, our performance and development practices create a clear, supportive framework for growth that helps our people thrive while strengthening the firm.

Health, Wellness & Whole-Person Support

Our people are our most valuable asset, and their well-being is a top priority. Throughout the year, SAX offers wellness initiatives designed to support both physical and mental health. These include wellness webinars and a healthy living reimbursement—reinforcing our belief that investing in well-being supports both personal fulfillment and professional success.

Inclusion, Empowerment & Belonging

SAX is deeply committed to fostering a workplace rooted in Diversity, Equity, and Inclusion. Through our ongoing DEI initiatives, we continue to build a culture that values diverse perspectives, ensures equal opportunity, and creates an inclusive environment where everyone can thrive.

This commitment is further supported through P.O.W.E.R. (Professional Organization of Women for Empowerment & Results), an employee-led group focused on professional development, networking, community outreach, and support. P.O.W.E.R. plays a key role in empowering women across the firm and addressing the evolving role of women in business.

Giving Back to Our Communities

Giving back is embedded in the SAX culture. Through the SAX Charitable Foundation, our firm supports charitable organizations and community initiatives that align with our values. Any SAX team member can get involved—by participating in firm-led efforts or spearheading causes they care deeply about.

To encourage meaningful community engagement, SAX offers a dedicated Volunteer PTO day for employees to support a charity of their choice and an Employee Match Program, where the firm matches employee donations dollar-for-dollar for internal fundraisers.

Popular initiatives include toy drives, school drives, clothing drives, our Basket Raffle benefiting the American Cancer Society and our annual 4 MILER supporting St. Joseph’s Children’s Hospital. Together, these efforts allow our team to make a tangible impact beyond the workplace.

THE SAX

FAMILY

At SAX, we believe strong connections create a stronger firm. We proudly cultivate a family-oriented culture and show appreciation for our team through events that welcome both employees and their families. From post-deadline gatherings and team dinners to Bring Your Child to Work Day, these experiences foster community, support work-life balance, and strengthen relationships beyond the office.

FAMILY PICNIC

This summer, SAX gathered team members and their families at the scenic Forest Lodge in Warren, NJ, for its annual Family Picnic. The “Around the World” theme featured a catered lunch showcasing flavors from various regions across the globe, paired with classic boardwalk-style activities such as inflatable attractions, water slides, face painting, and bumper cars. With employees joining from across the country, the event celebrated connection, culture, and family.

END OF YEAR CELEBRATION

SAX’s End of Year Celebration marked a milestone year defined by significant growth and collective success. CEO and Managing Partner Joseph Damiano opened the evening by recognizing retiring partners, introducing new partners, and honoring team members with Service Awards for their contributions during a transformative year. The night continued with dinner, dancing, and camaraderie, celebrating not only how far the firm has come, but the exciting path ahead.

INDIA OFFICE

As we reflect on the year gone by, these moments capture the spirit, culture, and togetherness that define life at SAX India LLP. From welcoming the year with the warmth of Makar Sankranti, celebrating colors and camaraderie during Holi, and creating memories at our March party night, to bonding beyond the workplace during the July picnic—each milestone strengthened our connections.

The festive glow of Diwali in October reminded us of gratitude and growth, followed by the memorable visit of SAX Partner, Candy Gordon in November, which made the year even more special. We wrapped up the year with joy, laughter, and cheer during our Christmas celebrations in December.

Together, these moments tell the story of a year filled with collaboration, celebration, and shared experiences— and we are looking forward to creating many more in the year ahead.