SAGE: Advocacy & Services for LGBT Elders
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For Immediate Release

March 6, 2014

Michael Nutt Joins the Board of SAGE

Nutt, a Wells Fargo director, brings extensive financial management background to SAGE's national board of directors.

[New York, NY] Services and Advocacy for GLBT Elders (SAGE) today announced that Michael Nutt, Managing Director for the Wells Fargo Advisors Private Client Group, has joined its Board of Directors.  SAGE is the country’s oldest and largest organization dedicated to improving the lives of lesbian, gay, bisexual and transgender (LGBT) older adults.

“I am very excited that Michael has joined our Board of Directors and look forward to the many ways he will make a big difference for LGBT older adults and SAGE,” said Michael Adams, Executive Director at SAGE. “As a long-time leader and opinion-maker in the LGBT and banking communities, I know that Michael is deeply committed to improving the lives of all community members, including by making sure they are financially prepared to successfully navigate their later years.  It is this kind of passion and commitment that will make Michael a tremendous asset for SAGE and our Board.”

Nutt has been working in the financial industry for more than 20 years and focuses on financial planning for individuals, foundations, nonprofit organizations, small businesses trusts and estates. A large number of his clients work in the entertainment business and/or are a part of the LGBT community.

“I am thrilled to be appointed to the board of directors of SAGE,” said Nutt. “As someone who believes in financially planning for the future, I see the profound impact of good stewardship. I applaud SAGE’s ambitious strategic plan and look forward to helping SAGE meet all of its goals.”

While at Morgan Stanley, Nutt received the John J. Mack Leadership Award for his innovative work in creating the LGBT Financial Planning Seminar series and presenting it throughout the country.

“It is with great pleasure that we welcome Michael to our national Board, especially as we are focused on building national relations for our new strategic plan,” said Rosalyn Richter, co-chair of SAGE’s board of directors. “With his extensive past and current board work, as well as significant connections to the LGBT community and bicoastal range, Michael will bring a new perspective to the next phase of SAGE’s work.”

SAGE’s new strategic plan focuses on The Road Ahead and increasing financial sustainability, as well as growing the organization’s national impact, are two key facets. The addition of Nutt’s board involvement; both for his financial acumen and coast-to-coast connections will increase the success of SAGE’s plan.

For more information on SAGE’s programs and services, and to learn more about the range of issues that impact LGBT older adults such as housing, health, caregiving and social isolation, please visit

About Michael Nutt

Michael Nutt is currently the Managing Director for the Wells Fargo Advisors Private Client Group. Michael began his career in the financial services industry in 1989.  Dedicated to putting his clients and their financial goals first, he believes in long term relationships with his clients.  Michael listens carefully to their concerns and needs, and works attentively with them to help develop an investment plan that helps enhance their wealth and lives.  His focus revolves around asset allocation.  Michael has his Series 7, 24, 31, 63, and 65 registrations and holds his insurance licenses in NY, NJ, CT, FL and CA.  He maintains homes and offices in both New York and Los Angeles due to the team’s large entertainment clientele.

Michael grew up in Winston-Salem, North Carolina and received his Bachelor of Science degree in Finance from Elon University.  He has a passion for houses and enjoys renovating them during his free time.  Maintaining physical health and well being are also very important to him.

Around the community, Michael has served on the National Board of Directors for GLAAD, the National Diversity Board and co-Chair of the Pride Network at a major wall Street firm.  He won the inaugural John J. Mack Leadership Award at Morgan Stanley for his work creating the LGBT Financial Planning Seminar series and taking it nationwide.  Presently he serves on the Board of Directors for the Williams Institute.  Michael consults with several non-profit organizations in the LGBT space.


SAGE is the country's largest and oldest organization dedicated to improving the lives of lesbian, gay, bisexual and transgender (LGBT) older adults. Founded in 1978 and headquartered in New York City, SAGE is a national organization that advocates for public policy changes that address the needs of LGBT older people. SAGE also offers supportive services and consumer resources to LGBT older adults and their caregivers, provides education and technical assistance for aging providers and LGBT organizations through its National Resource Center on LGBT Aging, and cultural competence training through SAGECare. With staff located across the country, SAGE coordinates a growing network of affiliates across the country. Learn more at

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