Investing: Where do I even start?

In this #WomenInvested Meet Up, hear tips on how to begin your investing journey – or take it to the next level

Watch now

Merrill Lynch

Palermo Frangas Group

Private Wealth Advisors

Phone

631.944.9655

Address

300 Broadhollow Road
Melville, NY 11747

Learn more about an advisor's background on
FINRA's BrokerCheck

Significant wealth requires significant time and focus. At the Palermo Frangas Group, we dedicate ourselves to making your life better. A close-knit team, we serve a limited number of clients and families with integrity and excellence that we believe are unmatched.

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.

Additional Resources

The following specialists do not make securities recommendations. Please contact your Merrill Private Wealth Advisor if you have questions about how a specialist might be able to assist you.

Thomas J Humrich

Wealth Management Lending Officer

Bank of America, N.A.

NMLS #832116

Paul Vincent Barbarino

Employee Benefits Specialist

Bank of America, N.A.

Janny Lee

Wealth Management Banking Specialist

Merrill

Recognition

Merrill is proud of our advisors who’ve received recognition from financial industry publications or directly from Bank of America Corporation. We believe they are setting the standard for exemplary client service.

Gianluca Palermo

Forbes "Best-in-State Wealth Advisors" 2022, 2023
Published annually Jan- April. Rankings based on data as of June 30 of prior year.

Forbes “Best-in-State Wealth Management Teams” 2023, 2024
Published annually in January. Rankings based on data as of March 31 of prior year.*

Nicholas Frangas

Forbes "Best-in-State Wealth Advisors" 2022, 2023
Published annually Jan- April. Rankings based on data as of June 30 of prior year.

Forbes “Best-in-State Wealth Management Teams” 2023, 2024
Published annually in January. Rankings based on data as of March 31 of prior year.*

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

Welcome

When your wealth takes on a certain scale, its management can be come time consuming. At the Palermo Frangas Group, we understand that inflection point. We work closely with business owners, senior executives, and multigenerational families, helping them resolve the intricacies that significant wealth can pose.

“How can we be helpful to you and your family?” That is a question that guides our outreach and impact. We are always looking to improve the lives of the clients we serve, addressing their financial picture to uncover efficiencies, harness new ideas, capitalize on opportunities, and sidestep possible pitfalls.

We are honored that client referrals constitute our primary source of new relationships. That support, we believe, reflects the mindset and integrity we bring to our work. When clients engage us, we treat them with the consideration and care we would want for our own families. We understand high expectations because we hold them ourselves, always striving to do more and be more to the families we serve. Many of our client relationships evolve into deep and abiding friendships, a dynamic that continues to inspire our best efforts.

We invite you to learn more about our approach and the ways our team creates what we believe is a special kind of experience for a select group of families.

Our partners, Luca Palermo and Nick Frangas have also garnered national accolades:

  • The Palermo Frangas Group was named to the Forbes “Best-in-State Wealth Management Teams” list in 2023 and 2024.
    -Published annually in January. Rankings based on data as of March 31 of prior year.
  • Luca Palermo and Nick Frangas were named to the Forbes "Best-in-State Wealth Advisors" list in 2022 and 2023.
    -Published annually Jan-April. Rankings based on data as of June 30 of prior year.

 

*Source: The Forbes “Best-in-State Wealth Advisors” list, published on April 7, 2022. Rankings based on data as of June 30, 2021.
Data provided by SHOOK® Research, LLC. Forbes Best-in-State Wealth Advisors ranking was developed by SHOOK Research and is based on in-person, virtual, and telephone due diligence meetings to measure best practices; also considered are: client retention, industry experience, credentials, review of compliance records, firm nominations; and quantitative criteria, such as: assets under management and revenue generated for their firms. Investment performance is not a criterion because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. SHOOK’s research and rankings provide opinions intended to help investors choose the right financial advisor and are not indicative of future performance or representative of any one client’s experience. Past performance is not an indication of future results. Neither Forbes nor SHOOK Research receive compensation in exchange for placement on the ranking. For more information, please see www.SHOOKresearch.com. SHOOK is a registered trademark of SHOOK Research, LLC.
*Data provided by SHOOK(R) Research, LLC. Forbes “Best-in-State Wealth Management Teams” ranking was developed by SHOOK Research and is based on in-person, virtual and telephone due diligence meetings and a ranking algorithm that includes: a measure of each team’s best practices, client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms. Investment performance is not a criterion because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. Rankings are based on the opinions of Forbes and not representative nor indicative of any one client’s experience, future performance, or investment outcome and should not be construed as an endorsement of the advisor. Rankings and recognition from Forbes 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. SHOOK’s research and rankings provide opinions intended to help investors choose the right financial advisor and team, and are not indicative of future performance or representative of any one client’s experience.

A Singular Experience

We appreciate each client’s distinctive path—the sacrifices, experiences, decisions, and intentions that have brought them substantial success. That singularity is reflected in the work we undertake on their behalf.

Active listeners, we begin each relationship by starting with the client. We’re eager to learn their story and how those experiences have shaped their perspective on what lies ahead. Typically, clients engage our help for a few different reasons:

Their wealth has taken on a scale that requires more effort and attention than they can now dedicate. They are hopeful to regain time, knowing that their affairs are managed with the focus and coordination they deserve.

They anticipate a significant decision point in the next five-to-ten years and want to position themselves to prepare for that crossroads. For entrepreneurs, that may involve selling or transferring their business. For families, it may involve passing significant wealth to the next generation. And for senior executives, it may center on retirement strategies and the resources needed to attain that milestone.

They have encountered a thorny issue or an enduring obstacle in managing their wealth and need a committed resource to tackle its smooth resolution.

They have attained substantial wealth and want to ensure that their family enjoys the positive outcomes—and avoids potential pitfalls—of their success. They also recognize that true wealth endures beyond a single generation, eager to take proactive steps to preserve and transfer their wealth for their loved ones.

For each of these situations, we offer the knowledge and insight that derives from direct experience. We exclusively cater to the needs of ultra-high-net-worth clients, so we’re intimately familiar with the complexities they encounter—and how best to unwind them. We’re a team of committed problem solvers who like to say “yes,” helping clients move from where they are, to where they want to be, steadily, methodically, and reliably.

The Difference We Offer

We appreciate the unique aspects of each client relationship, honored to help good people do more with their wealth. We believe we offer a different kind of client experience—one founded on diligence, integrity, and warmth. Here are a few of the ways that we believe we’re different:

We are ALL your team members. When you engage us, you engage all of us—Luca, Nick, Maureen, and Tina. We believe that by pooling our strengths and talents, we create a more impactful experience, eliciting the best from each of us. We’re humble in our service ethic, each dedicated to doing whatever it takes to support the families we serve.

We are a reliable presence in your lives. Our team offers an unusual combination of maturity and dedication to our craft. We’ve advised a number of ultra-high-net-worth clients, so we are intimately familiar with the challenges they encounter. At the same time, we’re positioned to help families for decades to come, walking with them through significant crossroads in their lives. That continuity, we believe, is a comfort and reassurance to the families we advise.

We offer a sophisticated suite of services. As members of Merrill Private Wealth Management, we connect clients to an echelon of advice that is distinctive in its rigor and depth. We offer a modern approach to portfolio design, incorporating traditional and alternative investments, as appropriate. And we’re highly skilled in overseeing the significant transactions that clients require, whether that is selling a business, optimizing executive compensation, accessing customized credit through Bank of America, gifting to the next generation, or other significant undertaking.

We are strong communicators. Clients hear from us often, both formally and informally. That level of closeness allows us to serve them better, anticipating what’s ahead, staying apprised of new developments in their lives, and discussing the market trends and legislation that may have bearing on their wealth. We also pride ourselves on helping to educate clients about their options, providing them with the information and analysis they need to cement their roles as engaged, capable, and confident stewards of their wealth.

*Some or all alternative investment programs may not be in the best interest of certain investors. No assurance can be given that any alternative investment’s investment objectives will be achieved.

Service that Cements Our Relationships

Exceptional service is easy to speak of, but harder to deliver. We’re proud of our service model and believe it’s one of the most tangible sources of client value. 

Our team leaders, Luca and Nick, have implemented routines and systems designed to deliver impeccable service—the first time. They are accustomed to a fast-paced environment that requires deft coordination and time-sensitive execution. Our Private Wealth Associates, Maureen and Tina, are the engine and heart of our service team. Resolute problem solvers, they have worked extensively with ultra-high-net-worth clients, so they appreciate the sensitivity and discretion their needs require.

Here are a few of the ways we believe our service model makes clients’ lives easier:

Close communication is our hallmark. We reach out proactively to a client’s external tax and legal advisors, sustaining active collaboration. That leadership, we believe, reduces the stress of shared initiatives and results in a more integrated approach to each family’s priorities.

Client privacy is our priority. We understand the sensitive nature of each client’s affairs and are discreet. We also look to enact best practices regarding account security and fraud detection, incorporating substantial firm resources and technology to advance these aims.

We aim to say “yes.” As a tight-knit team of professionals, we relish challenges. We’re not intimidated by complexity, and we offer a stubborn resilience in the face of roadblocks and hurdles. Our goal is to find creative solutions to intricate problems, marshalling our own efforts and those of the wider firm on a client’s behalf.

We are here for you. In times of happiness and sorrow, life’s joys and hardships, we walk with client families, serving as a ready resource, a trusted sounding board, and a reliable friend. It is in those times, we believe, that we forge the strong bonds that make our work so meaningful.

If you have a question about your wealth, or simply want to hear a new perspective and some fresh ideas, reach out to our team founders:

Luca Palermo, gianluca.palermo@ml.com

Nick Frangas,  nicholas_frangas@ml.com

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.