As Director of Pactolus Private Wealth Management, LLC, Steven K. Umstead applies his two decades of experience in wealth management to clients of the firm based in McLean, Virginia. Catering to high-net-worth and ultra-high-net-worth clients, Steven K. Umstead forms relationships, leads the office staff, and makes hiring recommendations to managing director. Along with monitoring third-party asset managers, he also evaluates relative strength indicators, reviews fundamental research, recommends diversification strategies and develops performance reports.
Prior to starting at Pactolus Private Wealth Management, Steven K. Umstead functioned as a Vice President and Financial Advisor at Morgan Stanley Smith Barney. There Umstead assisted the clientele of the Harter Wealth Advisory Group at Morgan Stanley Private Wealth Management. While reviewing portfolios, he analyzed trends in the markets and various industries and created customized wealth management plans with clients, their third-party advisors, and the firm’s specialists.
Earlier in his career, Steven K. Umstead held several positions at Fidelity Investments. Starting as a Financial Representative, he became Vice President/Branch Manager and Vice President/Senior Account Executive. As an Account Executive Steven K. Umstead held responsibility over a book of clients with more than $1 million in assets. In his role as Branch Manager, Umstead supervised Fidelity Investments’ largest Mid-Atlantic branch, engaged in hiring and training, developed and executed business plans and followed corporate and industry regulations. During this period, Umstead won numerous awards, including several Branch Manager of the Quarter honors, Sales Achievement Awards, and an Excellence in Customer Satisfaction and Quality award.
Outside of his professional accomplishments, Steven K. Umstead garnered several academic credentials. A graduate of Marymount University with a Bachelor of Business Administration, Accounting, he possesses the Certified Financial Planner™ practitioner designation. Additionally, Umstead acquired numerous licenses from the National Association of Securities Dealers, including Series 7, 8, 24, and 63.