Wayne, PA Office
TeamData sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Arax Advisory Partners
Multi-team
Firm-wide stats for Arax Advisory Partners
About
Arax Advisory Partners is an SEC‑registered, multi‑team wealth manager that oversees roughly $26.5 billion in regulatory assets through a team of more than 200 advisors and serves individuals, high‑net‑worth clients, family offices, institutions, and retirement plans. Its service menu includes financial planning, discretionary and non‑discretionary portfolio management, retirement plan consulting, consolidated reporting, custody/held‑away account management via third‑party platforms, and advisory services to pooled private funds.
The firm combines internal portfolio management, third‑party model and external manager relationships, and tailored asset‑allocation approaches to implement client objectives and risk tolerances, while maintaining periodic supervisory and compliance oversight. Arax primarily charges asset‑based fees but also operates a wrap‑fee program and manages a subset of accounts and private funds that use performance‑based compensation and carried interest structures.
What distinguishes Arax from many peers is its use of performance‑based fee arrangements and carried‑interest structures for certain qualified investors and private funds, and its active insurance brokerage activity through licensed advisors and related insurance entities — arrangements that introduce different compensation streams and conflicts that Arax discloses and manages. The firm has also recently consolidated affiliated firms (including legacy USCWA and Transcend businesses), acquired Transcend’s wrap program and private‑fund capabilities, and disclosed an affiliation with an international affiliate in The Bahamas, reflecting a broader institutional and operational footprint than is typical for many multi‑team advisers.
Based on Arax Advisory Partners
Location
Wayne PA
Advisors at this office
2
Advisors at this office
Philip C
Series 65
Wayne, PA
Arax Advisory Partners
Philip Cook is a financial advisor with Arax Advisory Partners, holding a Series 65 designation and 18 years of industry experience. He previously worked at Hirtle Callaghan & Co. for 13 years before joining SRS Capital Advisors, Inc. and later Arax Advisory Partners. Arax Advisory Partners is a multi-team wealth manager overseeing approximately $26.5 billion in assets and serves a diverse client base including individuals, high-net-worth clients, family offices, institutions, and retirement plans. The firm combines internal and external portfolio management with tailored asset allocation and offers a range of advisory services, notable for its use of performance-based fee arrangements and carried interest structures for qualified investors and private funds.
Patrick S
Series 66
Wayne, PA
Arax Advisory Partners
Patrick South is a financial advisor with Arax Advisory Partners and holds a Series 66 designation. He has 22 years of industry experience and has been a Managing Director and owner of SRS Investment Services, LLC since 2012, a partnership through which he collectively manages advisory efforts. Arax Advisory Partners is a multi-team wealth manager overseeing approximately $26.5 billion in assets with more than 200 advisors. The firm serves individuals, high-net-worth clients, family offices, institutions, and retirement plans, offering a range of services including financial planning and portfolio management, and utilizes both internal and external investment approaches with some performance-based fee arrangements.
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