Story

Our goal is to provide unparalleled financial counsel and service to our country's Lesbian, Gay, Bisexual, Transgender and Queer (LGBTQ) community and allies.
Services Include
  • Professional Portfolio Management1
  • LGBT Planning Services
  • Retirement Planning2
  • Corporate Retirement Plans3
  • 401(k) Rollovers
  • Lending Products
  • Annuities4
  • Life Insurance5
Check the background of Our Firm and Investment Professional on FINRA's BrokerCheck.*

Location

522 5th Avenue
15th Floor
New York, NY 10036
US
Direct:
(212) 296-7060(212) 296-7060

Meet Schmitt-Young Group

Photo of Cassandra Biehl

Cassandra Biehl

Client Service Associate

Photo of Valerie Vinbaytel

Valerie Vinbaytel

Wealth Management Associate

About Me

Together with business partner, Kyle D. Young, CFP®, ADPA®, Financial Advisor, Steven founded Schmitt-Young Group at Morgan Stanley, currently one of our country’s largest LGBTQ-focused practices. Schmitt-Young Group at Morgan Stanley now has more than $425 million in client assets under management (as of February 2019). Within the structure of the team, Steven focuses primarily on wealth management and the critical decision making that impacts client portfolios. Steven's extensive background in finance affords him the experience to teach the importance of proper asset allocation, diversification and active money management. Whether you prefer a more collaborative approach to handling your finances or you opt to let us take care of the details, Steven and his team of professionals are dedicated to providing you with the personalized investment planning services you deserve.

After earning his undergraduate degree with a Bachelor of Science in Finance from Pennsylvania State University, he received his MBA with a concentration in finance from William Paterson University. Steven also holds the CFP® certification and ADPA® designation. Steven has been honored as a Premier Advisor* for the majority of his ten-plus years at Wells Fargo Advisors and was named to President’s Council in 2013 and 2014. Aside from his knowledge on LGBTQ financial issues, his interest and passion for meteorology provides a different perspective on environmental conditions that may potentially highlight opportunities in the marketplace generated by global climate and weather trends.

Away from the office, his partner, Paul, and he enjoy traveling to exotic destinations, snowmobiling, hiking and donating much needed time and resources to LGBTQ organizations.
Securities Agent: AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, MA, MD, ME, MI, MO, MT, NC, NJ, NM, NV, NY, OH, OR, PA, RI, SC, TX, UT, VA, WA, WY; Investment Advisor Representative; General Securities Representative; Managed Futures
NMLS#: 1615190

About Me

As a founding partner of the Schmitt Young Group of Morgan Stanley, Kyle is committed to providing the LGBTQ community and its allies with personalized investment planning services to help reach their financial goals. Kyle co-leads one of the country's largest LGBTQ-focused practices with more than $425 million in client assets under management (as of February 2019). Within the group Kyle focuses on the creation and implementation of comprehensive wealth management plans for his clients. Whether you are an individual or part of a couple, his team of professionals are dedicated to finding financial strategies tailored to your unique situation.

Kyle earned his undergraduate degree in economics from Rutgers University, and holds the CFP® certification and ADPA® designation. As a gay advisor who served as a consultant during the development of the ADPA® program, he not only has training in the field, but also a deep knowledge and comprehension of the unique financial needs of LGBTQ couples and individuals. Along with being instrumental in the creation of the ADPA® program, Kyle is also a consultant regarding LGBTQ financial issues for various media outlets. In addition to being quoted in Forbes and Fortune, Kyle frequently appeared as a guest of The Focus Group on Sirius Radio’s OutQ channel.

Giving back to the LGBTQ community is a priority. Kyle is proud to have served Out & Equal Workplace Advocates as Chair for the Metro NY Regional Affiliate from 2010-2011, and on the board from 2009-2013. Kyle enjoys running with New York Road Runners and travelling the globe to participate in various marathons.
Securities Agent: AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, MA, MD, ME, MI, MO, MT, NC, NJ, NM, NV, NY, OH, OR, PA, RI, SC, TX, UT, VA, WA, WY; Investment Advisor Representative; General Securities Representative; Managed Futures
NMLS#: 311843

About Me

Terence led litigation support teams for some of the biggest law firms and financial institutions in New York City. Deciphering complex financial subject matter opened his eyes to new possibilities, and while working on cases that graced the covers of the New York Times and The Wall Street Journal, he realized that his talents were not limited to legal applications. Terence wanted to have a positive impact on people’s lives and he knew that he could use his talents and his experience with the law to impart financial well-being, and so in 2016 he joined Morgan Stanley.

Financial planning is the first step in a comprehensive approach to financial well-being, and so, as soon as he became FINRA® Series 7 and 66 registered; he dedicated himself to becoming an expert in Morgan Stanley’s financial planning platforms and systems. It was in a financial planning capacity that Terence first began working closely with Steven Schmitt and Kyle Young in 2017; the synergy was readily apparent, and in 2018 Terence officially became a part of the Schmitt-Young Group.

Terence received his bachelor’s degree in Business Administration from Bucknell University and his juris doctorate from St. John’s University School of Law. Terence resides in Williamsburg, Brooklyn and is the Secretary of the Board for a medical device company, a photography collector, and a Free Mason.
Securities Agent: AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, MA, MD, ME, MI, MO, MT, NC, NJ, NM, NV, NY, OH, OR, PA, RI, SC, TX, UT, VA, WA, WY; Investment Advisor Representative; General Securities Representative
NMLS#: 1811722

About Me

Cassandra joined Schmitt Young Group in 2014, where her main focus was coordinating marketing and events for the team.  She continues to provide the group with the creation of customized group marketing and full-service seminar and event planning; from budget and venue research to invitations and day-of event coordination.  Her daily role extends to assisting the group’s advisors as well as offering high-level service to SYG’s affluent LGBTQ clients and allies, including opening and transferring new accounts, processing transactions, etc.

Cassandra was graduated with a Bachelor of Architecture from Syracuse University in 2010.  In her spare time she enjoys traveling, watching films, and reading.

About Me

Valerie joined Schmitt-Young Group in 2017 with an extensive background in the Financial Services industry. Having worked as an Associate Private Banker within the Morgan Stanley Private Bank prior to joining the group, Valerie leverages her acquired skill set to assist clients with their Banking and Lending needs. Additionally, she focuses on marketing, providing first class client service, trade and operational support. Valerie maintains her Series 7, 66, 65, Life & Health Insurance licenses.

Valerie received her Bachelor of Business Administration degree in Finance and Investments from Baruch College and her Master of Business Administration in Finance from Fordham University. She lives with her husband and daughter in Brooklyn, New York. Outside of the office, Valerie enjoys cooking, traveling and spending time with family.
From Our Team

Steven's Commentary February 2019


Investment and Market Perspectives

On the Markets

Retirement

Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
  • 401(k) Rollovers
  • IRA Plans
  • Retirement Income Strategies
  • Retirement Plan Participants
  • Annuities
The Simple Six-Step Retirement Checkup

The Simple Six-Step Retirement Checkup

Given market volatility in 2018, checking in on your retirement plan may be one of the wisest New Year’s resolutions you can make.

Investing

Working closely with you to guide your wealth and investments through the most challenging market cycles.
  • Asset Management
  • Wealth Planning
  • Traditional Investments
  • Alternative Investments
  • Impact Investing
Five Smart Strategies to Use a Bonus or Raise

Five Smart Strategies to Use a Bonus or Raise

Have extra money coming in? Here are ways to put your money to work for you now, so you can reap the rewards down the road.

Family

Creating customized financial strategies for the challenges that today's families face.
  • Estate Planning Strategies
  • 529 Plans / Education Savings Planning
  • Long Term Care Insurance
  • Special Needs Planning
  • Trust Services
Financial Transition: A Guide for Women

Financial Transition: A Guide for Women

Here's how to take control of your finances if a death or divorce leaves you holding the reins.

Business Planning

Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
  • Succession Planning
  • Business Planning
  • Retirement Plan Sponsors
  • Qualified Retirement Plans
  • Corporate Pension Funds
6 Keys to Building a Startup

6 Keys to Building a Startup

Entrepreneurs share ideas and learnings from the experience of starting a company.

Philanthropy

Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
  • Endowments
  • Foundations
  • Donor Advised Funds
  • Impact Investing
A New Roadmap for Mission Alignment

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Non-profits, foundations and endowments need to ensure that their sources of capital are in sync with their stated goals.

Mosaic

Explore ideas and inspiration with captivating, original lifestyle stories created exclusively for Morgan Stanley clients.
The 2019 Wanderlust List

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The world awaits your next adventure. Start here.

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Ready to start a conversation? Contact Schmitt-Young Group today.
Market Information Delayed 20 Minutes
1Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be suitable for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.

2Morgan 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.

3Tax 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.

4Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

5Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.

Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link: https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.

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.

Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.

The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.

*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.


CRC 2019752 10/2018