Arax Advisory Partners

Arax Advisory Partners serves primarily affluent and high‑net‑worth individuals (clients with investable assets over $1 million) and a range of institutional clients including employer plan sponsors, corporations, foundations, registered broker‑dealers and private funds. The firm provides discretionary and non‑discretionary portfolio management, comprehensive and modular financial planning, retirement plan consulting, third‑party manager selection and oversight, consolidated reporting services, and access to alternative and private investment vehicles.

AAP constructs portfolios by allocating among independent managers, mutual funds, ETFs, structured notes and alternative investments, and it uses third‑party private‑fund platforms (for example CAIS, iCapital, and Conway) to facilitate access and administrative support. The firm discloses that, for a subset of accredited or qualified clients, it may recommend privately placed funds and accept performance‑based fees, creating side‑by‑side management considerations that it addresses through disclosure and internal oversight.

Distinctive features disclosed in the brochure include a period of recent acquisitions and multiple affiliated relationships—most notably Schechter Private Capital, a minority interest in the Reckoner Leveraged AA CLO ETF held by a parent company affiliate, and non‑monetary research and technology benefits from BlackRock—which the firm identifies as potential conflicts and monitors. AAP also offers some services that are less common among large enterprise advisers, such as flat‑fee consolidated reporting for non‑advisory clients, serving as general partner or personal trustee for certain vehicles (which triggers surprise custody audits), and facilitating securities‑based lending through major custodians.