The New York Fourth Avenue Group

We believe that every investor should have a Financial Advisor whose sole mission is to positively impact their life and net worth. At The New York Fourth Avenue Group, we provide a holistic approach to wealth management. Our responsibility extends beyond immediate financial needs and every decision we make together takes into consideration the long-term well-being of our clients and their families.

That starts by being open and transparent about what we do as a group and taking the time to explain our value add services. At The New York Fourth Avenue Group we believe that working as a team helps to provide you with access to many possible strategies, and resources, helping to ensure that you benefit from the highest levels of service. Working as a team we are able to deliver the firm, and provide a high degree of customization for our clients.

With our experience in financial planning and investment management, our team can help translate your objectives into strategies that align with your goals. We offer you a perspective developed over multiple market cycles, a thorough understanding of asset allocation and risk management, and an ability to refine your strategy as your needs and the financial markets change. In short, you will work with professionals who can provide a steady hand guiding you toward your investment goals.
Services Include
  • Wealth Management1
  • Financial Planning2
  • Wealth Consulting
  • Asset Management3
  • Fixed Income4
  • Municipal Bonds5
  • Qualified Retirement Plans6
  • Retirement Planning7
  • Business Planning8
  • Estate Planning Strategies9
  • Life Insurance10
  • Annuities11
  • Business Succession Planning12
  • Corporate Retirement Plans13
  • Executive Financial Services14
  • Long Term Care Insurance15
  • Stock Option Plans16
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*

Working With You

Investors make better choices when they understand the process. Helping you understand your options at each step is of utmost importance for our group. The components of our process include:
  • Listening carefully to your goals, values, aspirations and concerns
  • Setting achievable and measurable goals through a carefully considered plan
  • Maintaining a relationship of mutual trust
  • Making you fully aware of any and all fees
  • Meeting your investment expectations
  • Delivering a high-level of personal service
  • Commitment to accessing the breadth and depth of industry knowledge
  • Providing ongoing, personal communication
  • Helping you gain control over the complexity and challenges that accompany wealth
  • Using current technology to simplify your life
  • Working in tandem with your other advisors, such as your CPA and attorney, to reduce tax impact and consider legacy options
The New York Fourth Avenue Group is a team bringing resources to the table with knowledge in a wide range of areas. We focus on all aspects of wealth planning, including personalized financial plans, planning for retirement, risk management and insurance. On a daily basis, we oversee and implement wealth management strategies, including the selection and monitoring of investment managers and alternative investments.
Our Services include:
  • Investment Planning: Diverse range of investment strategies and an open-architecture platform with access to mutual funds, ETF and alternative strategies, separately managed accounts, taxable and tax-free fixed income offerings
  • Wealth Planning: Comprehensive wealth planning including trust and estate planning strategies, goals-based financial plans, personalized retirement plans, education planning, and more
  • Insurance Services: Custom strategies to manage risk, including a range of life, disability and long-term care insurance options
  • Technology: Web and mobile solutions providing real-time market and account data
  • Client Reporting: Custom reporting for viewing performance, asset allocation, and more
  • Cash Management: A full suite of cash management solutions including credit and debit cards, direct deposit and online bill pay
  • Lending Solutions: Dedicated banking professionals to assist with different lending solutions
  • Philanthropy Management: Solutions for family and corporate foundations, in addition to charitable giving programs such as donor-advised funds
  • Corporate and Business Solutions: Resources for helping executives with equity compensation and business succession planning

Location

399 Park Ave
12th Fl
New York, NY 10022
US
Direct:
(212) 893-6480(212) 893-6480

Meet New York Fourth Avenue Group

About Me

Mike Scotto is a senior partner of The New York Fourth Avenue Group and brings over 30 years of wealth management experience to working with high net worth families. With most of his career in asset management and as a portfolio manager, he has primary responsibility for the team’s overall asset allocation and oversees the due diligence and selection process for third party money managers. 

Prior to joining the team, he founded and was co-manager of the Citigroup Large Cap Growth Fund and was head of customized private client business which managed more than $7 Billion in assets. He was also the former Chief Market Strategist for Private Portfolio Groups (PPG) at Morgan Stanley. He presently makes his home in Spring Lake, NJ with his wife Kathleen of 28 years. They are the proud parents of four children (one of whom is also on the team).
Securities Agent: TX, NJ, WY, WV, WI, WA, VT, VA, UT, TN, SD, SC, RI, PR, PA, OR, OK, OH, NY, NV, NM, NH, ND, NC, MT, MS, MO, MN, MI, ME, MD, MA, LA, KY, KS, IN, IL, ID, IA, HI, GA, FL, DE, DC, CT, CO, CA, AZ, AL, AK; General Securities Representative; Investment Advisor Representative
NMLS#: 1312680

About Me

John Sorensen is a senior partner, founder, and has served as lead Financial Advisor on The New York Fourth Avenue Group for over 25 years. His experience in working with clients helping them meet their income needs in the both the taxable and municipal bond markets make him the fixed income specialist in the group.

Because of his focus and experience in working with Ultra High Net Worth families, John is part of the firm’s Private Wealth Management Group (PWM). He has also been recognized among the top Financial Advisors in the firm consistently and is a member of the Chairman Council at Morgan Stanley. 

For more than 13 years John and his wife Lisa have made their home in East Patchogue, NY. In their spare time they enjoy bike rides and walks on the beach.
Securities Agent: TX, WY, WV, WI, WA, VT, VA, SC, RI, PR, PA, OR, OH, NY, NV, NM, NJ, NH, NC, MT, MS, MO, MN, MI, ME, MD, MA, LA, KY, KS, IL, GA, FL, DE, DC, CT, CO, CA, AZ, AL, AK; General Securities Representative; Investment Advisor Representative
NMLS#: 1297941

About Me

Mark McCooey has over 27 years of experience in the Financial Services industry, of which the past 5 years has been with Morgan Stanley Wealth Management. As a Financial Advisor, Mark helps manage assets for individuals, families and corporate retirement plans.

Mark started his career as a Member of The New York Stock Exchange and co-founded, with his siblings, the Griswold Company, the largest independent agency brokerage firm on the NYSE Floor.  Griswold pioneered the idea of “Direct Access” where buy-side institutions such as Hedge Funds, Pension Funds, Mutual Funds, and Investment Advisors could speak directly to brokers at the point-of-sale.  As the COO of Griswold, Mark spearheaded all sales & marketing efforts, client relations, the establishment of an OTC Desk, corporate investment and retirement plans, and new initiatives.

While at Griswold, Mark was the President of The Biltmore Hill Company, a small private equity firm with investments in Listerine, Honest Tea, Bonobos, 4Moms, and Happy Baby.

Mark is a graduate of The College of the Holy Cross and holds Series 7, 63, & 65 licenses and the Life & Health Insurance license. He is very active in Swim Across America (cancer research) and Part of the Solution (P.O.T.S.  Soup kitchen).  Mark lives in Harrison, NY with his wife Molly and two small children, Kaki & Jack.
Securities Agent: NJ, WY, WV, WI, WA, VT, VA, UT, TX, TN, SC, RI, PA, OR, OH, NY, NV, NM, NH, NC, MT, MO, MN, MI, ME, MD, MA, LA, KY, KS, IL, IA, HI, GA, FL, DE, DC, CT, CO, CA, AZ, AR, AL; General Securities Representative; Investment Advisor Representative
NMLS#: 1279093

About Me

Chip Wilkes is a Senior Vice President at The Fourth Avenue Group, a leading Wealth Management team at Morgan Stanley.

Chip began his career in 1988, with a subsidiary of Goldman Sachs, where he worked for 28 years as a Financial Advisor to C- Suite executives at public companies. He joined Morgan Stanley as a Senior Vice President – Financial Advisor in 2017. 

Chip holds a Bachelor of Science degree in Economics from Syracuse University, and a MBA in Finance from Fairleigh Dickinson University. He maintains licenses in securities, life insurance, and health insurance, and he is a Certified Financial Planner CFP®. 

A lifelong resident of New Jersey, Chip resides in Roxbury with his wife and two children. In his spare time, he enjoys traveling and spending time with his family at the NJ shore.
Securities Agent: TX, NJ, WY, WV, WI, WA, VT, VA, UT, SD, SC, RI, PR, PA, OR, OK, OH, NY, NV, NM, NH, ND, NC, MT, MS, MO, MN, MI, ME, MD, MA, LA, KY, KS, IN, IL, ID, HI, GA, FL, DE, DC, CT, CO, CA, AZ, AL, AK; General Securities Representative; General Securities Principal; Investment Advisor Representative
NMLS#: 1751507

About Me

Brian Rothman is a Senior Vice President at the New York Fourth Avenue Group, a leading Wealth Management team at Morgan Stanley.

Prior to joining Morgan Stanley, Brian was at Ayco/Goldman Sachs from September 1982 until January 2017. During that time, Brian worked with numerous Senior/ C-Suite Corporate Executives and entrepreneurs as a financial advisor (Senior Account Manager). Brian also was responsible for the management of the Eastern Regional Office in NJ for 10 years.  Brian joined Morgan Stanley as a Senior Vice President(financial advisor) in February 2017.  

He holds a BA from SUNY Albany and a JD from Rutgers School of Law. He enjoys travel, family and spectator and participant sports.
Securities Agent: TX, NJ, WY, WV, WI, WA, VT, VA, UT, TN, SD, SC, RI, PR, PA, OR, OK, OH, NY, NV, NM, NH, ND, NC, MT, MS, MO, MN, MI, ME, MD, MA, LA, KY, KS, IN, IL, ID, IA, HI, GA, FL, DE, DC, CT, CO, CA, AZ, AL, AK; General Securities Representative; General Securities Principal; Investment Advisor Representative
NMLS#: 1762606

About Me

Jon Schaechter is a Senior Vice President at The Fourth Avenue Group, a leading Wealth Management team at Morgan Stanley.

Jon began his career in 1988, and worked as a Financial Advisor (Senior Vice President - Counseling) with The Ayco Company (a Goldman Sachs company) for over 29 years. At Ayco/Goldman Sachs, Jon provided financial counseling services to Fortune 1000 C-Suite and Senior Executives, along with entrepreneurs. Jon joined Morgan Stanley as a Senior Vice President – Financial Advisor in July 2017. 

He holds a Bachelor of Science degree in Finance from the University of Maryland, and a MBA in Finance from Seton Hall University. Jon maintains his life and health insurance licenses, and is a Certified Financial Planner CFP®.  As a lifelong resident of New Jersey, Jon currently resides in Randolph with his wife and two children.  In his spare time, Jon enjoys working out, playing golf and traveling with his family.
Securities Agent: CT, WY, WV, WI, WA, VT, VA, UT, TX, TN, SD, SC, RI, PR, PA, OR, OK, OH, NY, NV, NM, NJ, NH, ND, NC, MT, MS, MO, MN, MI, ME, MD, MA, LA, KY, KS, IN, IL, ID, HI, GA, FL, DE, DC, CO, CA, AZ, AL, AK; General Securities Representative; Investment Advisor Representative
NMLS#: 1751508

About Me

Scott Steinberg is a Business Development Associate at The New York Fourth Avenue Group. 

His background as a Financial Advisor for more than 10 years and more specifically his experience in insurance and financial planning allows him to help meet the needs of many of the team’s clients who are executives, small business owners, or retirees. Scott Steinberg is a CFP® (Certified Financial Planner) professional working closely with the team’s partners, assisting them in creating custom retirement and estate planning strategies. Scott also helps to create risk adjusted account performance analysis as requested.

Scott is a resident of East Setauket, NY, where he makes his home with his wife Jennifer and their 2 young girls. He enjoys watching the New York Yankees.

About Me

In his past five years with the team, Michael Scotto has grown in responsibility to oversee all of operational and administrative processes for The New York Fourth Avenue Group. Those responsibilities include account opening, money movement activities, trading, and the execution and implementation of investment strategies.

Michael also oversees the implantation of lending strategies for the team’s clients. He is focused and committed to providing premier service to match the needs of each and every client and has been recognized for his dedication, loyalty and work ethic. Michael is a graduate of Catholic University and makes his home in Manhattan. He is an avid movie fan and enjoys going to the beach.

About Me

Kevin Canning is a Wealth Management Associate at The New York Fourth Avenue Group, a leading Wealth Management team at Morgan Stanley. 

Kevin joined the Team in 2015 after successfully completing the internship program at the firm. He provides a broad range of essential support services to advisors and clients of the group. He handles new account opening, assists clients with trade execution, and supports team with research. 

Kevin graduated from University of Scranton with a degree in Business Administration. He currently resides in Hoboken, in his free time he enjoys playing soccer and golf.

About Me

Owen Fay is a Client Service Associate at The New York Fourth Avenue Group, a leading Wealth Management team at Morgan Stanley. 

Owen began his career at Morgan Stanley in May 2017 after successfully completing the Internship program. He provides a broad range of essential support services to advisors and clients including account opening, operational and administrative inquiries.  

He graduated from Fordham University with a B.A. in Economics. In his free time he enjoys playing golf and skiing.

About Me

Jimmy began his career at Citigroup Smith Barney in 2006, where he had the opportunity to work in both a large corporate setting and small business environment. He returned to Morgan Stanley in 2016 with the understanding of how to integrate the robust, global services and solutions offered by a global firm with the intensely personal client focus of a boutique firm. Those experiences have uniquely shaped his perspective and skill set into a profound desire to positively impact his clients’ lives and net worth with each interaction.

Jimmy received a Bachelor of Science degree from New York University, where he was also a member of the basketball team. He currently lives in Manhattan with his wife, Alexandra. In his free time, he enjoys playing sports and is an avid outdoor enthusiast. Other interests include architecture and American history.
Securities Agent, Investment Advisor Representative, General Securities Representative; AK; AL; AR; AZ; CA; CO; CT; DC; DE; FL; GA; HI; IA; ID; IL; IN; KS; KY; LA; MA; MD; ME; MI; MN; MO; MS; MT; NC; ND; NE; NH; NJ; NM; NV; NY; OH; OK; OR; PA; PR; RI; SC; SD; TN; TX; UT; VA; VI; VT; WA; WI; WV; WY
NMLS#: 1578892

About Me

Annie Douglas is a Wealth Management Associate at the New York Fourth Avenue Group. She joined the team after spending five years as a Financial Planner at a firm in New Jersey, where she previously worked with Jon Schaechter, Brian Rothman, and Chip Wilkes. At Morgan Stanley she provides support for our team in many aspects including the following: account opening and maintenance, trade execution, evaluating and implementing financial plans, investment analysis, and maintaining relationships with clients.
Annie earned her Bachelor of Science in Applied Mathematics at the City College of New York and her MBA from UMass Amherst. She maintains securities licenses and is a CFP® professional.
She currently lives in New Jersey, and as a former ballet dancer enjoys taking dance classes in the city just for fun.
Investment and Market Perspectives

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  • 529 Plans / Education Savings Planning
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1Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.

2Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences.

3Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.

4Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.

5Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.

6Tax laws are complex and subject to change. Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice and are not “fiduciaries” (under ERISA, the Internal Revenue Code or otherwise) with respect to the services or activities described herein except as otherwise provided in writing by Morgan Stanley and/or as described at www.morganstanley.com/disclosures/dol . Individuals are encouraged to consult their tax and legal advisors (a) before establishing a retirement plan or account, and (b) regarding any potential tax, ERISA and related consequences of any investments made under such plan or account.

7Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.

8Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.

9Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.

10Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

11Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

12Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.

13Tax laws are complex and subject to change. Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice and are not “fiduciaries” (under ERISA, the Internal Revenue Code or otherwise) with respect to the services or activities described herein except as otherwise provided in writing by Morgan Stanley and/or as described at www.morganstanley.com/disclosures/dol . Individuals are encouraged to consult their tax and legal advisors (a) before establishing a retirement plan or account, and (b) regarding any potential tax, ERISA and related consequences of any investments made under such plan or account.

14Tax laws are complex and subject to change. Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice and are not “fiduciaries” (under ERISA, the Internal Revenue Code or otherwise) with respect to the services or activities described herein except as otherwise provided in writing by Morgan Stanley and/or as described at www.morganstanley.com/disclosures/dol . Individuals are encouraged to consult their tax and legal advisors (a) before establishing a retirement plan or account, and (b) regarding any potential tax, ERISA and related consequences of any investments made under such plan or account.

15Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

16Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.

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The securities/instruments, services, investments and investment strategies discussed in this material may not be suitable for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.

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