Pierstone Wealth Management announced the launch of its new independent advisory firm. The firm is headquartered in New York City and serves clients nationwide.
Pierstone provides wealth planning and investment counsel designed to help clients build, preserve, and grow their wealth with purpose.
The firm works with individuals and families with complex financial lives, with a focus on providing personalized planning and wealth management services to LGBTQ+ clients and their allies, women, business owners, and executives.
Pierstone is led by co-founders Kyle Young and Steven Salton.
Young serves as Managing Partner and Senior Wealth Advisor. He is a CERTIFIED FINANCIAL PLANNER professional, Chartered Retirement Plans Specialist designee, and Accredited Domestic Partnership Advisor.
Before founding Pierstone, Young spent more than two decades advising clients and leading teams at Morgan Stanley and Wells Fargo Advisors.
Young is also a recognized voice on LGBTQ+ financial issues and has been quoted by publications including Forbes, CNBC, The Wall Street Journal, and The New York Times.
Salton serves as Partner and Director of Business Operations. He brings more than two decades of leadership experience from organizations including Saks Fifth Avenue and Hudson’s Bay Company.
Salton’s background includes business and project management, budget oversight, marketing, analytics, cross-functional leadership, and strategic process improvements.
Young and Salton received the 2021 Rabbi Erwin & Agnes Herman Humanitarian Award for their philanthropic work supporting LGBTQ+ communities.
They also co-founded the Stay America Foundation, a nonprofit focused on community nourishment, improving lives, and fostering inclusive communities through the arts, education, and hunger relief.
Pierstone is supported by Sanctuary Wealth, which provides technology, infrastructure support, investment vehicles, and other resources for independent advisors.
KEY QUOTES:
“We are excited to launch Pierstone as an independent firm, positioning us to move beyond conventional models and provide wealth guidance with greater purpose and perspective. Independence allows us to remain focused on our clients’ long-term goals and help ensure their wealth reflects their values, priorities, and aspirations. We believe wealth planning can serve as a catalyst for lasting financial independence and a more meaningful life.”
Kyle Young, Co-Founder, Managing Partner, and Senior Wealth Advisor at Pierstone Wealth Management
