Welcome

Welcome to The CMF Group at Morgan Stanley Private Wealth Management.  With over 60 years of experience, we are committed to a tailored, holistic, and collaborative approach to working with clients.  The hallmarks of our practice include a steadfast focus on our client’s unique goals and objectives, process-driven advice that is unbiased and conflict-free; and ongoing, proactive reviews of investment strategies and financial plans. Our clients turn to us for assistance in addressing the sometimes challenging and often complex work of managing wealth so that they can focus on the things that are most important to them.  With their trust and confidence, we take pride in helping individuals, families and entities preserve and grow their financial, family and social capital. We are proud of the solutions we deliver to our clients and although the financial world may be dynamic, our values and standard of excellence remain unwavering.
Capabilities
  • Family Governance & Wealth Education
  • Comprehensive Wealth Planning
  • Investment Management
  • Manager Selection
  • Proprietary Investment Opportunities
  • Risk Management
  • Philanthropy Management
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*

About PWM

Founded in 1977, Private Wealth Management is the division of Morgan Stanley Wealth Management that is dedicated to serving the firm’s most affluent clients, including some of the world’s most accomplished entrepreneurs, executives and stewards of multigenerational wealth. Functioning as an exclusive investment boutique within a global financial firm, we deliver sophisticated solutions that leverage the intellectual capital and insight of Morgan Stanley’s substantial global resources. Drawing on a deep understanding of your financial life, our goal is to help you:
  • Manage investments with an unwavering focus on your financial strategy and personal goals
  • Create comprehensive, multigenerational wealth management plans based on your needs, challenges and the values that guide your life and legacy
  • Simplify financial complexity to help you achieve clarity and control
Private Wealth Management Highlights
  • Approximately 250 teams1  specialized in assisting individuals and families with $20MM+ in investable assets
  • Over $330 billion in AUM2
  • Comprising 26% of the Barron’s Top 100 Financial Advisors list for 20173
  • Direct access to ultra high net worth experts in philanthropy, family dynamics, wealth transfer, lifestyle advisory and other areas of interest to ultra high net worth families
1 Morgan Stanley Wealth Management, December 31, 2017
2 Morgan Stanley Internal Compensable Revenue Report, December 31, 2017
3 Barron’s Top 100 Financial Advisors, April 2017

Approach

Discovery Process
Investing the time to learn about you and your family; your assets and liabilities and the risk exposures, enables us to formulate strategies and customize the relationship to your needs.
Formulation of Tax, Trust and Estate Strategy
Working with your tax and legal advisors, we help analyze your income and estate tax circumstances to identify and tailor planning techniques that may be used to address your objectives.
Creation of Customized Strategic Asset Allocation
Your customized asset allocation reflects risk, opportunities and taxation across multiple entities, while integrating your investing and estate plans.
Integration of Tactical Asset Allocation
Short-term adjustments seek to capitalize on temporary market distortions. Before making adjustments, we analyze the impact of taxes and trading costs on potential returns.
Implementation of a Customized Wealth Strategy
After comprehensive due diligence and analysis of expected results across multiple market scenarios, strategies are chosen from our expansive investment platform.
Ongoing Assessment
In coordination with your other advisors, we can conduct ongoing reviews and comprehensive reporting to ensure that your strategy adapts to changing financial and family needs.

Philosophy

We understand that managing wealth over the lifetime of an individual or a family is a dynamic process which requires critical attention to detail and conscientious and coordinated oversight. Our team seeks to combine an understanding of the defining values and mission that drive our clients with thoughtful consideration of their unique goals and objectives. The crafting of a customized investment policy statement and comprehensive multi-disciplined planning and analysis, forms the foundation of our relationship with our clients. We focus on helping to formulate integrated investment, financial and wealth transfer solutions that are intensely personalized to address what is of most concern to you. Morgan Stanley’s open architecture platform enables us to work collaboratively, leveraging the extensive array of resources available internally within the firm and externally via strategic partners that represent the very best in class.

A diligent adherence to a time-tested process, a solemn commitment to our clients’ very best interests, and a passion for delivering truly exceptional service every step of the way: these are the tenets of a practice that is ready to work for you.

    Global Franchise

    Morgan Stanley serves a global clientele of individuals, families, corporations, endowments, foundations, governments and others through three core businesses:
    • Morgan Stanley Wealth Management
    • Institutional Securities Group
    • Investment Management
    Our strength and synergies across each of these businesses not only contributes to the economic vitality and stability of the firm, but also expands the vast resources, expertise and global insight that we can offer you.
    Morgan Stanley Franchise Power
    • $2.4tn in client assets under management1
    • Morgan Stanley reported revenues of $11.9Bn1
    • More than 55,000 global employees1
    • Global footprint includes 1,200 offices in 31 countries on six continents1
    • Tier 1 risk-based capital Ratio under U.S. Basel III was approximately 17.8%1
    • $206Bn in liquidity reserve1
    • Long-term credit rating A3, BBB+ and A, by Moody’s, S&P and Fitch, respectively2
    1Unaudited. As of March 31, 2018, Morgan Stanley Quarterly Financial Supplement
    2MorganStanley.com/InvestorRelations

    Location

    590 Madison Avenue
    11th Floor
    New York, NY 10022
    US
    Direct:
    (212) 586-5505(212) 586-5505

    Meet The CMF Group

    About Me

    Jason Friedman works closely with the team’s clients to develop highly customized, holistic wealth management solutions to address the complex challenges of managing significant, multigenerational wealth.
    A CERTIFIED FINANCIAL PLANNER,™ Jason also earned the Morgan Stanley Senior Investment Management Consultant designation. He began his career at Morgan Stanley in 2003 and became a partner with The 
    CMF Group in 2008. Jason received his B.A. from the honors college at the University of Maryland. He went on to earn his MBA at NYU’s Stern School of Business in 2007, where he was elected Beta Gamma Sigma, a distinction awarded to the top 15% of business school graduate students. Born and raised in New York, Jason and his wife, Fara, live in New York City with their two sons.
    Securities Agent: WA, VT, VA, UT, TX, TN, SC, RI, PA, OK, OH, NY, NV, NJ, NH, NC, MN, MI, ME, MD, MA, IL, GA, FL, DE, DC, CT, CO, CA, AZ; Managed Futures; General Securities Representative
    NMLS#: 1253010

    About Me

    Often working with younger members of the team’s multigenerational clients, Larry Rhea, A CERTIFIED FINANCIAL PLANNER™, helps create highly customized, holistic wealth management solutions. Prior to joining the CMF Group in 2015, Larry began his career as an Analyst in Morgan Stanley’s Wealth Advisor Associate program. During this time, he was responsible for modeling financial planning solutions for Morgan Stanley’s top New York City advisors and their clients. Larry received his B.S. in business management and finance from Fordham University’s Gabelli School of Business, where he earned Patriot League Academic All-American honors lettering four years on Fordham’s football team. Larry and his wife, Kristin, live in New York City.
    Securities Agent: NJ, WA, VT, VA, UT, TX, TN, SC, RI, PA, OK, OH, NY, NV, NH, NC, MN, MI, ME, MD, MA, IL, GA, FL, DE, DC, CT, CO, CA, AZ; General Securities Representative; Investment Advisor Representative
    NMLS#: 1312829

    About Me

    Gianna Palazzo supports the team’s advisors and clients by finding solutions to complex administrative issues and contributing to a warm, professional and responsive service environment. Gianna develops, implements, and manages various business processes required to achieve the team’s overall strategy by focusing on our overall level of service and ensuring a superior client experience. Gianna began her career at Morgan Stanley in 2000 and joined The CMF Group in 2005. She received her B.A. in psychology from Brooklyn College. Born and raised in Brooklyn, New York, Gianna resides in New York City with her partner, Jason.

    About Me

    Jeanne Competiello is tasked with designing and producing strategy reports and synthesizing client data to develop customized financial plans. Jeanne also focuses on producing tailored reports for clients and implementing investment strategies in a tax and fee efficient manner using the robust Morgan Stanley platform.  Jeanne began her career at Morgan Stanley in 2011 after receiving her B.S. in business administration and marketing from Wagner College. Born and raised in Staten Island, New York, Jeanne currently resides in New York City.

    About Me

    Kristen Titley supports the team’s efforts to deliver an outstanding service experience to each and every one of their clients. Kristen began her career in marketing receiving her B.S. in Business Management from Bucknell University and started her career at Morgan Stanley in 2018. Born and raised in Coral Gables, Florida, Kristen currently resides in New York City.
    Economic and Market Perspectives

    On the Markets

    Managing Significant Wealth

    • Investment Management
    • Wealth Transfer & Philanthropy
    • Cash Management & Lending
    • Family Governance & Wealth Education
    • Lifestyle Advisory
    • Business Services
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    Certified Financial Planner™ Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with flame logo)® in the U.S., which it awards to individuals who successfully complete CFP® Board's initial and ongoing certification requirements.

    The securities/instruments, investments and investment strategies discussed on this website may not be suitable for all investors. The appropriateness of a particular investment or investment strategy will depend on an investor's individual circumstances and objectives. The views and opinions expressed on this website may not necessarily reflect those of Morgan Stanley Smith Barney LLC (“Morgan Stanley”). This website and its associated content are intended for U.S. residents only.

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    See the Financial Advisors Biographies for Registration and Licensing information.

    Certified Financial Planner™ Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with flame logo)® in the U.S., which it awards to individuals who successfully complete CFP® Board's initial and ongoing certification requirements.

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