Pierstone Wealth Management

What Pierstone Wealth Management does

Pierstone Wealth Management is an independent registered investment advisor headquartered at 405 Lexington Avenue in New York City, operating as a Doing Business As of Sanctuary Securities, Inc. and Sanctuary Advisors, LLC. The firm launched in June 2026 during Pride Month and is led by Managing Partner Kyle Young, CFP®, CRPS®, ADPA® — a recognized voice on LGBTQ+ financial issues quoted in Forbes, CNBC, The Wall Street Journal, and The New York Times — alongside Partner and Director of Business Operations Steven Salton and Director of Client Relations Randi Speedling. Pierstone delivers a unified wealth management platform comprising six integrated modules: financial and retirement planning, investment management, tax planning and strategies, estate and trust planning, risk and insurance solutions, and philanthropic strategies, with specialized expertise serving LGBTQ+ clients and allies, women, business owners, and executives nationwide.

The firm's technology stack is built on Sanctuary Wealth's hybrid RIA infrastructure, combining SEC-registered investment advisory services (Sanctuary Advisors, LLC) with broker-dealer execution (Sanctuary Securities, Inc., FINRA/SIPC member). Asset custody is delivered through a multi-custodian model utilizing BNY Pershing ($52+ trillion in custody) and Goldman Sachs Custody Solutions, with clients accessing portfolios via the NetXInvestor portal and Goldman Sachs Custody Solutions sign-in. A portion of advisory fees are directed back into community initiatives, including the Pierstone Scholarship established with Point Foundation to support LGBTQ+ students.

Revenue is generated primarily through recurring AUM-based investment advisory fees through Sanctuary Advisors, LLC, supplemented by transaction-based securities commissions through Sanctuary Securities, Inc. Pricing is quote-based and not publicly disclosed. The go-to-market motion combines thought-leadership-driven earned media (Forbes, CNBC, WSJ, NYT, SiriusXM OutQ), community partnerships (Point Foundation, Stay America Foundation), and Sanctuary Wealth's national platform reach. Pierstone has no disclosed funding rounds, no AI/ML capabilities, and no patents; its core assets are the founders' reputation, the ADPA® credential specialization, and the Sanctuary ecosystem.

Name

Pierstone Wealth Management

Legal name

Pierstone Wealth Management

Website

https://pierstonewealth.com

Company type

Private

Founded year

2026

Operating status

Operating

Headcount range

1–10 employees

Short description

Pierstone Wealth Management is an independent RIA (DBA of Sanctuary Securities/Sanctuary Advisors) launched in June 2026, offering integrated financial planning, investment management, tax, estate, risk, and philanthropic advisory services to LGBTQ+ clients, women, business owners, and HNW families nationwide.

Ownership category

akta.pro rank

Product category

Wealth Management Services

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro industry

PRIMARYFSAAAAAF

Financial Planning & Goals-Based Advice (Mass Affluent)

Financial & Insurance/Asset & Wealth Management/Retail & Mass-Affluent Wealth Management

SECONDARYFSAAAAAA

Full-Service Retail Brokerage & Wealth Platforms

Financial & Insurance/Asset & Wealth Management/Retail & Mass-Affluent Wealth Management

SECONDARYFSAEABAB

Broker-Dealer Affiliated Wealth Advisory

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Wealth & Retirement Advisory

Keywords

• Wealth management services
• Financial planning
• Investment advisory
• Retirement planning
• Estate planning

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Investment Advisory Fees: Fee-based investment advisory services through Sanctuary Advisors, LLC, an SEC-registered investment advisor. Fees flow based on assets under management and planning complexity.
2. Securities Commissions: Securities offered through Sanctuary Securities, Inc., Member FINRA/SIPC. Revenue from transaction-based securities trading and related services.
3. Philanthropic Portion of Fees: A portion of fees flow back into community initiatives, creating a full-circle impact where client success strengthens local communities.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

Pierstone Wealth Management provides comprehensive wealth management through six integrated service lines: financial and retirement planning, investment management, tax planning and strategies, estate and trust planning, risk and insurance solutions, and philanthropic strategies. Services are delivered as a fiduciary through Sanctuary Securities, Inc. and Sanctuary Advisors, LLC with a multi-custodian model (BNY Pershing and Goldman Sachs Custody Solutions). The firm specializes in serving LGBTQ+ individuals and families, women, business owners, and executives nationwide.

Product overview

Pierstone Wealth Management offers a unified comprehensive wealth management platform delivering integrated financial planning, investment management, and advisory services as an independent SEC-registered RIA through Sanctuary Securities and Sanctuary Advisors. The platform integrates six core service modules: Financial and Retirement Planning (the primary client engagement framework), Investment Management (disciplined value-aligned portfolio management), Tax Planning and Strategies (tax minimization and compliance), Estate and Trust Planning (wealth transfer and probate minimization), Risk and Insurance Solutions (risk mitigation), and Philanthropic Strategies (charitable giving). Services are delivered through a fiduciary model with multi-custodian asset protection via BNY Pershing and Goldman Sachs Custody Solutions, with specialized expertise serving LGBTQ+ clients, women, business owners, and executives.

Differentiator

Problem solved

Functional benefit

Products and services

• Financial Freedom / Financial and Retirement Planning Comprehensive financial planning service guiding clients toward financial freedom through personalized planning, portfolio management, banking solutions, and retirement income strategies; serves individuals and families nationwide with specialized expertise for LGBTQ+ clients, women, business owners, and executives.
• Investment Management Disciplined investment management aligned with client values, incorporating portfolio strategy, risk assessment, and optimization for both short-term and long-term financial goals; delivered as a fiduciary through Sanctuary Advisors, LLC using the multi-custodian BNY Pershing and Goldman Sachs platforms.
• Tax Planning and Strategies Strategic tax planning and minimization of tax liability while maintaining compliance, integrated with broader long-term financial objectives for individual and family clients.
• Estate and Trust Planning Estate and trust planning services focused on protecting estates, minimizing probate and other costs, and ensuring wealth transfers according to client wishes; includes specialized expertise for non-traditional family structures, LGBTQ+ family considerations, and multi-generational transfer.
• Risk and Insurance Solutions Risk management and insurance solutions providing appropriate coverages to manage life risks and protect client financial security across personal and family contexts.
• Philanthropic Strategies Charitable giving strategies and philanthropic planning helping clients develop giving approaches that deliver greatest impact aligned with their values; supports community initiatives including the Pierstone Scholarship with Point Foundation for LGBTQ+ students.

Quantifiable outcome

• 135% growth in client assets ($27.8B to $65.7B) over three years at parent company Sanctuary Wealth
• +1 more outcomes

Segments4 records

Ideal customer profiles4 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature2 records

Partnerships

Five partnerships are on record, tiered core and flagship.

• Sanctuary WealthcoreStrategic or Co-development PartnerPierstone is a DBA of Sanctuary Securities Inc. and Sanctuary Advisors LLC. As a Partner Firm under Sanctuary's hybrid RIA model, Pierstone operates with independence while benefiting from Sanctuary's institutional resources, compliance infrastructure, and brand. Sanctuary provides SEC-registered investment advisory platform, broker-dealer services (FINRA/SIPC member), and operational support.
• BNY PershingcoreTechnology or IntegrationPrimary custodian partner custodies over $52 trillion in assets with 250+ year history. Provides institutional-grade infrastructure for asset safekeeping, trading, and reporting. Platform enables client account access through NetXInvestor.
• Goldman Sachs Custody SolutionscoreTechnology or IntegrationCustodian partner providing infrastructure and platform to safeguard assets. Goldman Sachs, founded in 1869, is one of the world's most recognized financial institutions.
• Point FoundationflagshipGTM or Marketing PartnerPierstone partnered with Point Foundation to establish the Pierstone Scholarship supporting educational aspirations of LGBTQ+ students nationwide. This partnership reflects the firm's commitment to empowering the next generation of LGBTQ+ leaders and community advancement.
• Stay America FoundationflagshipGTM or Marketing PartnerCo-founded by Kyle Young and Steven Salton, this not-for-profit organization focuses on community nourishment through arts, education, and hunger relief. Demonstrates founders' joint commitment to improving lives and fostering inclusive communities.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Sanctuary Wealth: Parent hybrid RIA platform operating 125+ Partner Firms with $65.7B in client assets; provides the SEC-registered RIA, broker-dealer, and operational infrastructure that Pierstone runs on. Most direct peer given shared economics, branding, and target advisor profile.
• Cambridge Investment Research: Independent broker-dealer and RIA platform supporting thousands of independent financial advisors with practice management, technology, and compliance support; similar hybrid RIA structure to Sanctuary and Pierstone's broker-dealer-affiliated model.
• Snowden Lane Partners: Boutique wealth management firm providing personalized financial planning and investment advisory services to HNW individuals; founded by former wirehouse advisors with a similar relationship-driven, advisor-centric model to Pierstone.
• Homrich Berg: Fee-only independent RIA providing wealth management, financial planning, and investment advisory services to HNW individuals and families; comparable comprehensive-planning RIA profile to Pierstone with multi-advisor team structure.
• Focus Financial Partners: Partnership model for independent wealth management firms providing capital, infrastructure, and operational support; serves HNW clients through boutique partner firms — closely analogous structure to Sanctuary Wealth's Partner Firm model.
• Carson Wealth (Carson Group): Hybrid RIA platform supporting hundreds of independent advisors with comprehensive wealth management, technology, and back-office services; targets HNW and business-owner segments with a similar boutique-firm partnership model to Sanctuary.
• Mariner Wealth Advisors: Large national independent RIA serving HNW individuals and families with integrated wealth management, investment advisory, tax, and estate services; comparable comprehensive planning model with multi-custodian capability.
• Creative Planning: One of the largest independent RIAs in the U.S. offering comprehensive financial planning, investment management, and tax services to HNW individuals; comparable in service breadth and fiduciary model to Pierstone's full wealth platform.

Broad incumbents

• Cetera Advisor Networks: Hybrid RIA platform supporting independent financial advisors with broker-dealer and investment advisory services; comparable in structure and target advisor profile to Sanctuary, serving as a broader incumbent alternative.
• LPL Financial: Largest independent broker-dealer in the U.S. supporting thousands of independent financial advisors with comprehensive wealth management platform and custody infrastructure; broader incumbent analog of Sanctuary's Partner Firm ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pierstone-wealth-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pierstone Wealth Management