Joseph M. Grunfeld takes pride in working with a diverse group of wealthy clients that includes successful entrepreneurs and professional investors, as well as some of America’s prominent families. He is committed to helping clients financially express their goals, aspirations and legacies.
Joe traces his strong work ethic and understanding of entrepreneurial challenges to watching his father, a Holocaust survivor, build his butcher business. While business owners are the cornerstone of Joe’s clientele, he provides guidance for a variety of clients with complex financial needs—including family offices, hedge fund principals, foundations and endowments. He understands the sometimes difficult family dynamics that can result from significant wealth, and he is committed to helping families educate the next generations to be capable stewards of their resources. Joe often shares his knowledge of ultra-high net worth client needs with colleagues within the firm.
Joe started his career at an investment bank in 1980 and joined Merrill in 1994. With more than 35 years of financial experience, he has developed deep knowledge and practical skills. He assists clients with needs ranging from investment management to strategies for concentrated stock, philanthropy and intergenerational wealth transfer. He can also provide guidance on sophisticated investment strategies that may include private equity, structured finance and customized derivatives.
Joe and his wife, Gina, live in Piermont, New York. They are the proud parents of four adult daughters. The couple is actively involved in philanthropy, including Planet Water and Maloto, a non-profit that feeds and educates vulnerable people in Malawi. Joe currently serves on the board of directors of the Museum of Contemporary Art. His personal passions include his family, good food and wine. He enjoys live music on either side of the stage and has played in a number of rock bands.
Joe was named to Forbes "Best-in-State Wealth Advisors" list in 2019 and 2020.
Education: George Washington University
Bachelor’s degree in Business Administration, Finance concentration
*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.
*Source: The Forbes "Best-in-State Wealth Advisors" list, January 16, 2020. For more information about the selection criteria, go to http://details-he.re/cQUujC . Forbes is a trademark of Forbes Media LLC. All rights reserved. These rankings and ratings are not representative or indicative of any one client's experience, future performance, or investment outcome, and such rankings should not be construed as an endorsement of the advisor.
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