Subscribe

Support for sick kids

Michael J. Skrynecki won the Catalyst Award for creating the first organization to support families of victims of…

Michael J. Skrynecki won the Catalyst Award for creating the first organization to support families of victims of Wiskott-Aldrich Syndrome, a rare genetic immunodeficiency disease.

He became involved a dozen years ago, when his friend, Peter Lyle, learned that his young son had a severe disease most people had never heard of.

P.J. (Peter Jr.) Lyle had Wiskott-Aldrich Syndrome. The syndrome, which affects only boys, strikes about one in 250,000.

Mr. Skrynecki was not a match for the bone marrow transplant that saved P.J.’s life, but he and other friends stepped in to help the Lyle family financially.

P.J.’s mother, Beth, was undergoing breast cancer treatment at the same time.

The group of friends helped to pay for P.J.’s transplant and treatment.

Then, Mr. Skrynecki decided to support other families facing these circumstances by establishing the For Pete’s Sake Foundation.

“Twelve years ago, we didn’t start with this in mind,” he said in accepting the award. “None of us do this for the personal recognition.”

In 2010, Mr. Skrynecki merged his organization with one focused on researching the disease. The combined entity is known as the Wiskott-Aldrich Foundation.

Mr. Skrynecki, a financial adviser with Morgan Stanley in Atlanta, is chairman of the foundation. It has raised $1 million and helped about 100 families.

The $20,000 award from Invest in Others Charitable Foundation will go toward assisting more families, as well as to research projects, he said.

SUPPORT SYSTEM

The foundation provides monetary and emotional support for families dealing with Wiskott-Aldrich Syndrome, which is named after the two physicians who identified it.

The only known cure is a bone marrow transplant, but gene therapy research and experiments continue.

P.J. Lyle, Mr. Skrynecki’s inspiration, is now a healthy 13-year-old, thanks to a transplant from his sister Savannah. Though his mother survived to see P.J. recover, she lost her battle with cancer in 2003.

A certified financial planner, Mr. Skrynecki has long been active in charities and volunteerism. Morgan Stanley named him a top volunteer worldwide for 2009 and 2010.

“Charitable work allows us to give back to the community we serve,” he said.

Mr. Skrynecki, his wife, Elizabeth, and two sons live in Buckhead, a district of Atlanta.

Learn more about reprints and licensing for this article.

Recent Articles by Author

Celebration of women fostering diversity in the financial advice profession

Honoring the 2020 and 2019 InvestmentNews Women to Watch for their achievements and dedication to improving the financial advice profession.

Merrill Lynch veteran Michelle Avan dies

Avan recently became SVP and head of global women's and under-represented talent strategy, global human resources for Bank of America.

Finalists for Women in Asset Management Awards announced

More than 100 individuals were named on the short list for awards in 16 categories; the winners will be announced on Sept. 9.

Rethinking advisory fees means figuring out value

Most advisers still charge AUM-based fees, but that's not likely to be the case in 10 years, according to Bob Veres. Some advisers are now experimenting with alternative fee models.

Advisers need focus on growth and relationships, especially now

Business development expert Robyn Crane believes financial advisers need to be taking advantage of this unique time.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print