Grey Ledge Advisors (GLA), a wholly owned subsidiary of Ascend Bank, is pleased to announce the appointment of Michael Schulitz, CFP®, CAIA, as President. Michael joins GLA as the firm continues its strong trajectory of growth and commitment to delivering an exceptional client experience.
In his new role, Michael will report to Ken Russell, who remains the firm’s Chief Executive Officer, focusing on the firm’s vision and strategic direction, as well as seeking new opportunities for inorganic growth.
“Our success has always been built on the strength of our people and the trust of our clients. Mike brings both deep expertise and genuine care for clients, and I’m proud to support him as he takes on this leadership role,” said Russell.
Over the past five years, Grey Ledge Advisors has grown from just over $200 million in assets under management to more than $620 million as of October 31, 2025—a testament to the firm’s disciplined approach, personalized guidance, and the trust clients continue to place in its team.
Mike brings more than two decades of experience in investment management, financial planning, and institutional leadership, including senior roles with RMC Investment Advisors, Withum Insurance Advisory, Voya Financial, Wilshire Associates, and Lincoln Financial Group. His extensive background in portfolio management, capital markets, and strategic client advising aligns seamlessly with GLA’s mission of providing thoughtful, high-touch financial guidance.
A Certified Financial Planner® and Chartered Alternative Investment Analyst, Michael holds an MBA in Finance and Marketing from New York University’s Stern School of Business and a B.S. in Mathematics from Union College. He is also an active member of his local community, serving on the Town of Simsbury Sustainability Committee.
“We’re excited to welcome Mike to Grey Ledge Advisors,” added Russell. “His leadership and expertise will help us build on our strong foundation and continue delivering the kind of personal, trusted service our clients expect.”
Michael lives in Simsbury with his wife and two sons.