Sgroi Wealth Advisory Group

Patrick Sgroi and John Clouden co-lead the firm as partners. Day-to-day investment research is overseen by Vincent Scarsella, who holds the title Director of Research & Investment Development. The structure means portfolio construction flows through a central research unit rather than being left entirely to individual advisors.

The firm operates as an independent financial planning practice with no obligation to any single insurance carrier or asset manager. Advisors continuously research the open market to select what they deem the highest-quality insurance and investment products for each client. With the 2024 Lawley partnership, the practice gained access to Lawley's multi-carrier insurance platform while retaining open-architecture investment selection.

The group is best described as an independent wealth management and financial planning practice, not a single-family office. It serves a nationwide client base from its Buffalo headquarters rather than managing assets for a single family. The firm's lineage as a family-founded business—passed from Joseph Sgroi to his son Patrick—gives it multi-generational continuity, but its service model is retail and private-client advisory.

The firm focuses on individual client planning—retirement strategies, investment portfolios, life insurance, and long-term care solutions—rather than institutional fund commitments. There is no public evidence of pooled private-market vehicles or commingled fund-of-funds structures operated by the firm.

In 2024, Sgroi Financial partnered with Lawley, a large insurance and risk-management broker, to form Sgroi Lawley LLC. The combination allowed the firm to embed Lawley's property-casualty and employee-benefits capabilities alongside its financial planning services. The investment-advisory side remains independent, with no disclosed change to its open-architecture philosophy (per firm website, 2025).