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Sax Wealth Advisors acquires NJ-based investment manager

Sax Wealth Advisors, LLC, an independent registered investment advisory firm, has announced the acquisition of Pennington, N.J.-based The GM Financial Group.

The addition of The GM Financial Group's approximately $140 million of assets under management brings Sax Wealth's assets to over $1 billion.

Sax Wealth will maintain a Mercer County, N.J., presence, which will be led by GM Financial founder Guy McPhail.

GM Financial is a fee-only, independent, comprehensive financial planning and investment management firm.