Sax Wealth Advisors adds $350M in Florida deal for Lighthouse Financial
What's the deal? Sax Wealth AdvisorsDealroom has a profile for this one. Try Dealroom →, the wealth management arm of Top 100 Firm Sax Advisory GroupDealroom has a profile for this one. Try Dealroom →, has acquired Florida-based Lighthouse FinancialDealroom has a profile for this one. Try Dealroom →. The deal, which closed at the end of June, adds $350 million in assets under management and gives Sax a second Florida office.
Why now? The acquisition is part of a broader push. Sax Wealth Advisors has made seven acquisitions in 2026, adding close to $860 million in AUM and 10 team members.
The hire: Lighthouse principal and wealth advisor Martin Parlato joins Sax Wealth Advisors as part of the deal.
The expansion: The deal deepens Sax's presence in Florida, giving it a second office in the state. The firm plans to keep growing through acquisition.
What's the endgame? Sax Wealth Advisors ranked No. 14 on Accounting Today 's 2026 list of Top Firms by AUM, with $5.715 billion in assets under management. Its parent firm has also been on an M&A tear since taking a minority investment from private equity firm CobepaDealroom has a profile for this one. Try Dealroom → in July 2025, closing more than half a dozen acquisitions in 2026, including SFS FinancialDealroom has a profile for this one. Try Dealroom → in August.
The signal: Private equity backing is fuelling rapid consolidation in wealth management, and Sax's steady stream of deals shows how mid-sized firms are scaling AUM and geographic reach through acquisition rather than organic growth.
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