STEVEN W. SCHMITT EARNS PWA CERTIFICATION
PARAMUS, NJ – Steven W. Schmitt, MBA, CFP®, CPM®, CRPS®, ADPA®, Managing Director at Raymond James Associates, has attained the prestigious Private Wealth Advisor certification. Awarded by Capstone, recipients must complete rigorous coursework to earn the designation.
With the PWA certification, recipients have demonstrated mastery in anticipating and managing sophisticated client needs as well as the acumen to deploy specialized private wealth strategies in an integrated, holistic manner.
Says New Jersey Complex Manager Brian Cain, “We’re thrilled to congratulate Steven on earning the PWA certification and know his expertise will further enable him to provide high quality service and specialized financial guidance for our clients.”
Schmitt has been a Managing Director with Raymond James Associates since 2022. He works closely with a wide array of clients, including executives and business owners, retirees and those planning for retirement, and members of the LGBTQ+ community. His extensive investment experience has enabled him to develop a strong understanding of economics and the equity and fixed income markets. He has also cultivated specialized skills in LGBTQ+ estate-planning issues and helps clients manage their concentrated stock positions.
While studying meteorology at Penn State, Steven and his best friend started day trading. With a deep passion for analysis and his newfound interest in the markets, Steven soon transitioned to finance while maintaining his interest in meteorology. Upon graduation, he worked on the trading floor at Virginia Power before joining Merrill Lynch as an energy analyst. It was here that he discovered how much he enjoyed asset management. Following 9/11 and a paper he read focusing on the underserved LGBTQ+ community, Steven formed The Schmitt Group and made a lifelong commitment to serving the needs of this community and its allies.
Throughout his career, Steven has amassed a list of educational credentials. He holds the CFP® certification, and the CPM®, CRPS™, and ADPA® professional designations. After earning his bachelor’s degree in finance at Penn State, Steven obtained his MBA from William Paterson University and is currently working on his doctorate in financial engineering. Steven’s enduring interest and passion for meteorology provides a distinct perspective on environmental conditions that he often incorporates into his investment strategies.
Steven lives on both coasts with his husband, Paul, to support his thriving practice. Outside of the office, Steven enjoys traveling to exotic destinations, storm chasing, snowmobiling, hiking, and donating much-needed time serving on boards of organizations whose mission aligns with his value system.
To reach Steven W. Schmitt, more information can be found at https://www.raymondjames.com/schmittgroup/.
Raymond James & Associates, Inc. (RJA), member New York Stock Exchange/SIPC, is an industry leader in financial planning and wealth management services for individuals, high-net-worth families, corporations and municipalities. RJA is a wholly owned subsidiary of Raymond James Financial, Inc. (NYSE-RJF), one of the nation’s premier diversified financial services companies with approximately 8,800 financial advisors throughout the United States, Canada and overseas. Total client assets are approximately $1.48 trillion as of Jun. 30, 2024. Additional information is available at raymondjames.com.
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