Grunfeld, Vale & Associates

Private Wealth Advisors

Grunfeld, Vale & Associates

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

Meet the Team

The private wealth advisors with Merrill Lynch’s Private Banking and Investment Group are rigorously trained to meet the specialized needs of individuals and families of wealth. We build relationships based on trust and personalized service.

Joseph M Grunfeld

Joseph M Grunfeld

Managing Director

Private Wealth Advisor

212.680.5938
Arthur  Vale

Arthur Vale,

Senior Vice President

Private Wealth Advisor

212.680.5939
Kenneth  Weitzman

Kenneth Weitzman,

Vice President

Financial Advisor

212.236.7187
Karen A Felmly

Karen A Felmly,

Senior Private Wealth Associate

212.680.5941
Seann P Courtney

Seann P Courtney

Registered Private Wealth Associate

212.680.5942

Strategies designed to help you achieve your goals

As a client of the Private Banking and Investment Group at Merrill Lynch, 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

Grunfeld Vale and Associates

Grunfeld, Vale &Associates works closely with families of substantial wealth to help them navigate their complex financial situations and define their goals. We recognize that extraordinary wealth merits extraordinary attention. Clients come to us because they seek to work with – not just be advised by – people and an organization that have the resources and strength to complement their vision. Drawing upon the combined expertise of Merrill Lynch and Bank of America, we seek to enhance clients’ financial lives by creating individualized strategies that reflect and clarify the nuances and complexities of their unique situations.

Clients

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 Lynch and Bank of America provide the strong foundation upon which we build our approach. We tailor our investment 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 protect individuals from personal, market and aspirational risk factors.




*Any information presented in connection with BofA Merrill Lynch Global Research is general in nature and is not intended to provide personal investment advice. The information does not take into account the specific investment objectives, financial situation and particular needs of any specific person who may receive it. Investors should understand that statements regarding future prospects may not be realized.  BofA Merrill Lynch Global Research is equity research produced by Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or one or more of its non-U.S. affiliates. BofA Merrill Lynch Global Research does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision.

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 suitable 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 Lynch’s Private Banking and Investment Group is committed to providing a select group of wealthy 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, help you monitor its success and update your strategy as needed. We are committed to providing you access to the investment insights of Merrill Lynch and the banking convenience of Bank of America, and we 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.

Our Philosophy

We believe that 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 sophisticated, highly customized 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.

Let's have a conversation.

Your dedicated Private Banking and Investment Group team is ready to help you pursue what's most important to you.

Our Vision

For clients of substantial wealth, Merrill Lynch’s Private Banking and Investment Group provides an experience that is both powerful and personal. We are dedicated to helping you pursue your goals for today while developing a wealth strategy designed to support your family members for the years to come.

A trusted one-on-one relationship
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 as stewards of wealth.

Boutique-like service with the access to the investment resources of Merrill Lynch 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 strategies tailored to your unique situation.

A relentless commitment to transparency and customized strategies

As our client, know that we are working in your best interests, providing sophisticated strategies designed to anticipate and meet your evolving financial needs.

Grunfeld, Vale & Associates