Our Journey: Commitment to Financial Innovation

Mike is based in Central New Jersey and has over 35+ years of experience in the financial services industry. His firm, Red Oak Premium Finance Solutions (Red Oak PFS) is a bespoke Insurance boutique specializing in High Net Worth and Corporate Insurance solutions.

After a nearly twenty-plus year career on Wall Street, Mike started his financial consulting firm in New Jersey – Red Oak Capital LLC (the predecessor firm to Red Oak Wealth PFS) in 2004. He has helped numerous families/corporations on a fiduciary basis successfully navigate the areas of retirement planning and estate/income protection. Mike’s fundamental methodology to wealth management is rooted in a transparent approach to solving problems with unbiased advice with laser attention to reducing risk and protecting family’s assets.

Before his Wall Street career, Mike spent six years with Ernst & Young as a manager in their financial services group. Mike obtained his CPA certification while employed there and gained valuable experience in the financial services world. Mike graduated with a degree in Public Accountancy Cum Laude with honors from the Lubin School of Business at Pace University.

Mike is very experienced in working with High Net Worth families and Corporate entities in the areas of investments, wealth planning, asset preservation, and sophisticated premium financing insurance strategies. Mike is a resident of New Jersey. He has three children: a daughter Haley age 31 and two sons Michael Jr. age 28 and Mathew age 25.

Mike’s interests are investing, reading, physical fitness, golf, fishing, and youth sports. Mike is the founder and co-director of April A. Stumpf children’s foundation which helps the families of children with rare skin diseases. Mike and his family are also very involved with the Children’s Specialized Hospital in central New Jersey as family mentors.

Scott has over 30+ years of experience in the financial services industry, the majority of which was in the equity divisions within two top-tier investment banks, Lehman Brothers and Barclays.

After a twenty-five-plus-year career on Wall Street, Scott became a Senior Vice President of Red Oak Premium Finance Solutions.

Scott began his career on Wall Street after graduating from Virginia Tech in 1986, advising clients for the mutual fund company the Dreyfus Corporation. In 1988, Scott joined Shearson Lehman Brothers in their high net worth division where he advised clients for several years before moving into the firm’s capital markets division. There he built a successful career in several equity product areas including Lehman equity syndicate, equity sales and trading, equity agency trading, and electronic sales. His track record was that of a proven team builder as a manager and producer within those product areas; and, a history of successfully delivering positive results for institutional clients, retail clients, and for the firms.

Scott lives in Mount Kisco, New York with his wife Jennifer and their dog, Mugsy. He enjoys reading, golf, working out at the gym and hunting on the family farm in Virginia where he grew up.