Grunfeld Group

Private Wealth Advisors
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Your life is about more than investments. It’s about your business, your family and your legacy across generations. We work with a limited number of individuals and families, offering highly personalized, boutique-like services and goals-based wealth management strategies for your financial life.

Meet the Team

The private wealth advisors with Merrill Private Wealth Management are rigorously trained to help meet your specialized needs with relationships based on trust and personalized service.

Upcoming Events

Investing In Small Cap Value with Boston Partners

Union Club Of Cleveland, 1211 Euclid Ave, Cleveland , OH 44115

October 10th, 2023|5:30 PM - 7:30 PM EST

During this event, Eric Gandhi and Vijay Chandar will discuss:
·     Why Small Caps Now
·     Boston Partners’ Investment Process
·     Microcaps Verses Private Equity
·     Case Studies

Hosted By:
Joseph Grunfeld
Managing Director, Private Wealth Advisor
Merrill Private Wealth Management


Presented By:
Eric Gandhi
Lead Portfolio Manager
Boston Partners

Vijay Chandar
Private Wealth Manager
Merrill Private Wealth Management

    For more information: 212.680.5938 or

    Strategies designed to help you achieve your goals

    As a client of Merrill Private Wealth Management, you have access to services and resources ordinarily reserved for the world’s largest institutions. We work with individuals, families spanning multiple generations, business owners and executives. Using a goals-based wealth management approach, we put our clients at the center of every personalized strategy.

    Our Approach

    Our Philosophy

    We believe your unique goals should be at the center of all of your financial decisions and form the foundation of your financial strategy. Because significant wealth requires customized goals-based financial strategies, we believe in building lasting relationships with a limited number of clients, taking the time to understand your most important priorities for today, tomorrow and your long-term future. Our philosophy celebrates collaboration. Working with a team of specialists, we draw on the resources and insights of a global financial institution to create strategies that reflect your aspirations for yourself and current and future generations of your family. Finally, we believe that while significant wealth brings complex challenges, our experience, passion and perspectives can help you simplify your life.


    We work with clients of exceptional financial resources who seek not only to preserve and enhance their wealth, but also to cement their legacy. Clients include family offices, corporate executives, business owners, entrepreneurs, hedge fund principals, foundations, endowments, and philanthropists.

    Our Investment Approach

    The world-class research, intellectual capital, and institutional investment opportunities at Merrill and Bank of America provide the strong foundation upon which we build our approach. We tailor our strategies to reflect clients’ philosophies on wealth preservation and aspirational risk; clients then pursue the lifestyles and legacies they find most appealing. Our approach to portfolio construction combines Modern Portfolio Theory with aspects of behavioral finance through a single, pragmatic concept called the Wealth Allocation Framework. The result: portfolios designed to meet individual investors’ needs and preferences, as well as to hedge individuals from personal, market and aspirational risk factors. 

    *Institutional Investor magazine announced BofA Global Research as one of the Top Global Research Firms in 2022 based on surveys held throughout the year. The magazine creates rankings of the top research analysts in a wide variety of specializations, drawn from the choices of portfolio managers and other investment professionals at more than 1,000 firms. BofA Global Research is research produced by BofA Securities, Inc (“BofAS”) and/or one or more of its affiliates. BofAS is a registered broker-dealer, Member SIPC, and wholly owned subsidiary of Bank of America Corporation. Learn more about the methodology at Institutional Investor. Rankings and recognition from Institutional Investor are no guarantee of future investment success and do not ensure that a current or prospective client will experience a higher level of performance results and such rankings should not be construed as an endorsement.

    Our Strengths

    Our focus is on addressing complex financial requirements of the ultra-affluent. With decades of experience in applying our knowledge, we assist clients with a wide range of initiatives:

    • Investment management
    • Market-linked securities and customized derivative strategies
    • Concentrated stock management
    • Strategic philanthropy
    • Banking and lending through Bank of America, N.A.
    • Intergenerational wealth transfer
    • Guidance during change of circumstance/liquidity event

    *Some or all alternative investments may not be in the best interests for certain investors. Certain alternative investments carry significant risk and are not subject to the same regulatory oversight as mutual funds and other traditional investments. For these reasons, access to alternative investments may be limited to investors who are designated as sophisticated, high-net-worth investors.

    A Commitment to Service

    Merrill Private Wealth Management is committed to providing a select group of clients with highly personalized one-on-one service. When you work with us, our knowledgeable, rigorously trained private wealth advisors will gain a deep understanding of your goals, help you develop a multigenerational wealth strategy, and help you update your strategy as needed. We are committed to providing you access to the investment insights of Merrill and the banking convenience of Bank of America, and Merrill will continue to invest in client tools and new technology to enhance your overall experience as you and your private wealth advisor pursue what’s most important to you.

    Let's have a conversation

    Your dedicated Merrill Private Wealth Management team is ready to help you pursue what’s most important to you.

    Our Vision

    For clients of substantial means, Merrill Private Wealth Management provides an experience that is both powerful and personal. We are dedicated to helping you pursue your goals for today while developing an approach designed to support your family members for the years to come.

    Your private wealth advisor and team of specialists work with a limited number of clients, enabling them to focus their time, training and passion on helping you simplify your personal and business finances and prepare your next generation.

    Boutique-like service with the access to the investment resources of Merrill and banking convenience of Bank of America

    We combine the personalized attention and feel of a smaller firm with the power and insights of a global financial institution, creating financial strategies tailored to your unique situation.

    A relentless commitment to transparency and customized strategies

    As our client, know we are working in your best interests, providing goals-based financial strategies designed to anticipate and help meet your evolving financial needs.