Our Story

Together, we will explore your aspirations and the life you envision. We will work with you to translate your goals into a specific investment objective and personalized investment strategy. And then, drawing on the team’s experience — and perspective informed by the insight and resources of one of the world’s largest financial firms — we will structure a portfolio for you, executing and refining that strategy to help bring you closer to your definition of investment success.
Services Include
  • Business Planning1
  • Cash Management2
  • Divorce Financial Analysis3
  • Endowments and Foundations4
  • Estate Planning Strategies5
  • Executive Financial Services6
  • Institutional Services
  • Lending Products
  • Life Insurance7
  • Philanthropic Services
  • Planning for Education Funding8
  • Planning for Special Needs Individuals9
  • Retirement Planning10
Check the background of Our Firm and Investment Professional on FINRA's BrokerCheck.*

Awards

  • In February 2016, Barron's named Todd Yannuzzi one of the Top 1,200 Advisors in America and Top 100 in New York.
  • In February 2015, Barron's named Todd Yannuzzi one of the Top 1,200 Advisors in America and Top 100 in New York.
  • In February 2014, Barron's named Todd Yannuzzi one of the Top 1,200 Advisors in America and Top 100 in New York.
  • In February 2013, Barron's named Todd Yannuzzi one of the Top 1,200 Advisors in America and Top 100 in New York.
  • In April 2013, the Financial Times named Todd Yannuzzi to its inaugural Financial Times 400 list, recognizing the top Financial Advisors at broker-dealers across the U.S.
  • In September 2011, Todd Yannuzzi was recognized and quoted in The Wall Street Journal for his expertise in the field of Portfolio Management and ETF investing.
  • In February 2011, Barron's named Todd Yannuzzi one of the Top 1,000 Advisors in America.

Location

522 5th Avenue
15th Floor
New York, NY 10036
US
Direct:
(212) 296-1051(212) 296-1051

Meet The Fifth Avenue Group

Photo of Todd L Yannuzzi

Todd L Yannuzzi

Managing Director, Wealth Management, Wealth Advisor, Senior Portfolio Management Director

Phone:
(212) 296-1051(212) 296-1051

About Me

Todd Yannuzzi is a Managing Director, Senior Portfolio Management Director, and Wealth Advisor within the Wealth Management Division at Morgan Stanley. He is the founder of the Fifth Avenue Group, which specializes in advising ultra-high net worth families, foundations and endowments. Todd focusses on providing tailored wealth management advice and solutions based on each client’s needs. Todd is the Portfolio Manager for the team’s discretionary portfolios and is directly responsible for the investment selection, portfolio construction, and tactical asset allocation for client accounts. Todd is amongst the largest portfolio managers at the Firm and is recognized as a Top 1,200 Advisor by Barron’s in 2011, 2013, 2014, 2015, and 2016.



Todd joined Morgan Stanley in 1989 and his experience spans three Divisions: Municipal Finance Investment Banking, Fixed Income Sales and Trading, and Private Wealth Management. Todd received a Bachelor of Arts degree from Johns Hopkins and he, his wife, Alexa, and their four children live in Tuxedo Park, NY. Todd is a volunteer Ambulance Driver, a Lake Warden, and an Advisory Board Member of New York-Presbyterian Morgan Stanley Children’s Hospital.
Securities Agent: AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, IL, IN, KS, LA, MA, MD, ME, MI, MN, MO, MT, NC, NH, NJ, NV, NY, OH, OK, OR, PA, PR, RI, SC, TN, TX, VA, VI, VT, WA, WI, WY; Investment Advisor Representative; BM/Supervisor; General Securities Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1272719

About Me

Jim Little is a Senior Vice President and Financial Advisor on the Fifth Avenue Group at Morgan Stanley. Jim was recruited by the Fifth Avenue Group in 2014 as a partner responsible for strategic business development, relationship management, and alternative investment solutions. Additionally, Jim assists with portfolio construction and asset allocation.


Jim first joined Morgan Stanley in 1985 and has experience across several Divisions of the Firm including Institutional Sales, Private Wealth Management, the Individual Investor Group and Global Products & Services. In 2004, Jim left Morgan Stanley and joined the management team at Credit Suisse First Boston as the Global Head of the Private Client Group. After two years at Credit Suisse First Boston, he left to join the Private Wealth Management Division at Goldman Sachs and over the next several years would spend time at Barclay’s Wealth Management and Deutsche Bank, where he was the Director of the Markets Coverage Group. Jim graduated with a Bachelor of Arts degree in Business from Ohio Wesleyan University. He resides in Short Hills, New Jersey.
Securities Agent: AL, AZ, CA, CO, CT, DC, DE, FL, GA, IL, KS, LA, MA, MD, ME, MN, MO, MT, NC, NH, NJ, NV, NY, OH, OR, PA, RI, SC, TN, TX, VA, VT, WA, WI, WV, WY; Investment Advisor Representative; BM/Supervisor; General Securities Representative
NMLS#: 1398742

About Me

Tyler Gaffney is a Financial Advisor and partner on the Fifth Avenue Group within the Wealth Management Division at Morgan Stanley. His focus is on investment management, business development, and private client origination. His other responsibilities include equity, options, and fixed income trading, insurance solutions, alternative investments, and general relationship management. Tyler also assists the team’s Portfolio Manager on portfolio construction and risk analytics for the team’s discretionary portfolios.


Tyler joined Morgan Stanley in January, 2008, as a Registered Client Service Associate on the Fifth Avenue Group and transitioned to the role of Financial Advisor in 2012. Tyler graduated in 2007 from Brown University with a Bachelor of Arts degree in Commerce, Organizations, and Entrepreneurship. He lives with his wife in New York City and is an avid golfer, skier, and racquets player.
Securities Agent: AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, IL, IN, KS, LA, MA, MD, ME, MI, MN, MO, MT, NC, NH, NJ, NV, NY, OH, OR, PA, PR, RI, SC, TN, TX, VA, VI, VT, WA, WI, WV, WY; Investment Advisor Representative; General Securities Representative
NMLS#: 1368460

About Me

Morgan Kirby joined Morgan Stanley in August, 2015, as a Wealth Management Analyst for the Fifth Avenue Group. Morgan assisted with manager due diligence and tactical asset allocation analytics for the team’s discretionary portfolios. In March 2016 he joined the Financial Advisor Associate program and is focusing on new business development and tailored wealth management solutions for our clients. Additionally, Morgan handles over the counter trades, estate planning strategies, and general client servicing.

 

Morgan graduated in 2015 with a Bachelor's degree from Duke University. He currently lives in New York City and he enjoys golf, skiing, and squash.

About Me

Responsibilities
  o Relationship management
  o Operational support
  o Trading

Background
  o Joined Morgan Stanley in 2007
  o B.S. in Business from City University of New York
  o AXA Advisors, LLC (’07)
  o E*TRADE Financial (’04-’05)
  o AB Watley (’02-’04)
  o TradeScape (’01-’02)
  o Bank of New York (’99-’01)

About Me

Responsibilities
  o Portfolio analytics and construction
  o Performance reporting
  o Trading

Background
  o Joined Morgan Stanley in 2009
  o B.S. in Business Administration from Villanova University
  o Analyst at Lindsay Goldberg, LLC (’07-’09)

About Me

Responsibilities
  o Relationship management
  o Operational support
  o Client service

Background
  o Joined Morgan Stanley in 1993; Rejoined in 2015
  o B.S. in Administration from Tulane University
  o MBA from The Stern School of Business at NYU
Investment and Market Perspectives

On the Markets

Investing

Working closely with you to guide your wealth and investments through the most challenging market cycles.
  • Asset Management
  • Wealth Planning
  • Traditional Investments
  • Alternative Investments
  • Impact Investing
Five Smart Strategies to Use a Bonus or Raise

Five Smart Strategies to Use a Bonus or Raise

Have extra money coming in? Here are ways to put your money to work for you now, so you can reap the rewards down the road.

Insights and Outcomes

Thought Leadership for our ultra high net worth clients, which contains thought-provoking articles, authored by leading experts from Morgan Stanley Family Office Resources.
Art as An Asset
CRC 2274738 01/19

Art as An Asset

Art may play a significant role in the context of a collector's overall wealth. Generally, a collector may differentiate financial assets, including stocks, bonds and real estate, from other possessions, such as art.

Philanthropy

Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
  • Endowments
  • Foundations
  • Donor Advised Funds
  • Impact Investing
A New Roadmap for Mission Alignment

A New Roadmap for Mission Alignment

Non-profits, foundations and endowments need to ensure that their sources of capital are in sync with their stated goals.

Business Planning

Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
  • Succession Planning
  • Business Planning
  • Retirement Plan Sponsors
  • Qualified Retirement Plans
  • Corporate Pension Funds
6 Keys to Building a Startup

6 Keys to Building a Startup

Entrepreneurs share ideas and learnings from the experience of starting a company.

Family

Creating customized financial strategies for the challenges that today's families face.
  • Estate Planning Strategies
  • 529 Plans / Education Savings Planning
  • Long Term Care Insurance
  • Special Needs Planning
  • Trust Services
Financial Transition: A Guide for Women

Financial Transition: A Guide for Women

Here's how to take control of your finances if a death or divorce leaves you holding the reins.

More from Morgan Stanley

Access Morgan Stanley Online

Access Morgan Stanley Online

Morgan Stanley Online provides a comprehensive view of your assets and liabilities, projected income, breaking news, research and much more.
Learn more about Access Morgan Stanley Online
Sign Up for eDelivery

Sign Up for eDelivery

With eDelivery, you’ll have easy access to statements, trade confirmations, general correspondence and much more.
Learn more about Sign Up for eDelivery
Your Financial World. On the Go.

Your Financial World. On the Go.

With the Morgan Stanley Mobile App, you’ll have the freedom to manage your investments and instantly access a suite of personal cash management tools.
Learn more about Your Financial World. On the Go.
Reserved | Living & Giving

Reserved | Living & Giving

Our complimentary program for eligible clients provides you and your family with access to exclusive offers and discounts from premium travel, automotive, health and wellness, and retail brands as well as curated insights from Morgan Stanley.
Learn more about Reserved | Living & Giving
Ready to start a conversation? Contact The Fifth Avenue Group today.
Market Information Delayed 20 Minutes
1Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.

2Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.

Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

3Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.

4Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.

5Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.

6Tax laws are complex and subject to change. Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice and are not “fiduciaries” (under ERISA, the Internal Revenue Code or otherwise) with respect to the services or activities described herein except as otherwise provided in writing by Morgan Stanley and/or as described at www.morganstanley.com/disclosures/dol . Individuals are encouraged to consult their tax and legal advisors (a) before establishing a retirement plan or account, and (b) regarding any potential tax, ERISA and related consequences of any investments made under such plan or account.

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8Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.

9Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.

10Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.

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Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link: https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.

The securities/instruments, services, investments and investment strategies discussed in this material may not be suitable for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.

Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.

The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.

*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.


CRC 2019752 10/2018