Wax Asset Management LLC

Wax Asset Management LLC provides fee-based discretionary portfolio management to individual and high-net-worth clients, preparing client-specific Investment Policy Statements and assisting with retirement account rollovers. The firm invests primarily in mutual funds, equities, bonds, ETFs, REITs and government securities and bills advisory services as a percentage of assets under management.

The firm’s investment process combines fundamental and cyclical analysis to set asset allocation and security selection aligned with each client’s goals, time horizon and documented risk tolerance, with cash treated as an asset class. Strategies include long-term and short-term trading and, notably, the use of short sales and options writing (including uncovered positions), and accounts are reviewed at least quarterly under the firm’s discretionary authority.

Distinctive features include approximately $181 million in discretionary assets under management and a recent transition from state to federal registration after surpassing the federal threshold. The firm manages client assets internally (without third-party managers), receives research and other soft-dollar benefits from its custodian, and permits client-directed brokerage and block trading — practices the brochure identifies as having implications for trade execution and potential conflicts of interest.