Jay Grossman
Managing Director, Wealth Management
Phone:
(516) 683-3190(516) 683-3190
Morgan Stanley Private Wealth Management
The GSS Group
Direct:
(516) 683-3194(516) 683-3194
Our Mission Statement
Experience, intellectual capital and dedicated personal service to help you meet your life goals
Our Story and Services
"As your Financial Advisors, we can help you define and strive to meet your goals by delivering a vast array of resources to you in the way that is most appropriate for how you invest and what you want to achieve. Working together we can help you to preserve and grow your wealth. You’ll have access to some of the world’s most seasoned and respected investment professionals, a premier trading and execution platform and a full spectrum of investment choices."
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 350 teams1 specialized in assisting individuals and families with $20MM+ in investable assets
- Over $980 billion in AUM1
- Comprising 23% of the Barron’s Top 250 Private Wealth Management Teams for 2024
- 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, 2024
Source: Barron's.com (May 2024) 2024 Barron's Top 250 Private Wealth Management Teams awarded in 2024. The teams are ranked on a variety of factors, including their size and shape, their regulatory records and credentials of their members, and the resources they have at their disposal to serve their client bases. The rankings are meant as a starting point for clients looking for an advisor—a first-pass vetting that can help investors narrow a search. Every advisor will have his or her own approach to investing, financial planning, and other services. Clients are encouraged to approach a search for an advisor the way they would a search for a doctor—interviewing multiple professionals and getting opinions from multiple third parties. Rankings are based on the opinions of Barron's and this ranking may not be representative of any one client’s experience. This ranking is not indicative of the Financial Advisor’s future performance. Morgan Stanley Smith Barney LLC is not affiliated with Barron's. Barron’s is a registered trademark of Dow Jones & Company, L.P. All rights reserved.
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.
Tax and Estate Planning
Here at Morgan Stanley, we strive to simplify complex financial ideas so that our clients understand what is being done on their behalf to plan for their financial future. We want to provide our clients with as many resources as possible so they can stay informed about the latest market trends, outlooks, and breakdowns. The links below provide detailed analysis on interesting topics that are affecting the finance and business worlds.
4 Key Tax Questions for Investors to Consider
Factoring the impact of taxes into your investment decisions can help you keep more of your hard-earned money, both now and in the future.
Read More Here
2022 Tax Tables
If you are interested in seeing the updated tax tables and other details for 2022, see all additional information here.
Click Here to Check it Out
Tax-Smart Strategies for Retirement
Looking for ideas on how to be more tax efficient when planning for your retirement?
Read the Strategies Here
Income & Estate Planning Toolkit
Our commitment to our clients spans generations to help families build and protect their wealth. Our Income and Estate Tax Planning Toolkit helps our clients develop a general understanding of tax and estate planning techniques.
Read More Here
How to Access Your Tax Forms
1. Log into your account via Morgan Stanley Online
2. Click the Accounts tab
3. Select the Documents tab
4. Go to the Statement drop-down tab
5. Select Tax Documents and download them
Click here to Log In to Morgan Stanley Online2. Click the Accounts tab
3. Select the Documents tab
4. Go to the Statement drop-down tab
5. Select Tax Documents and download them
Location
1200 Franklin Avenue 2nd
Fl
Garden City, NY 11530
US
Direct:
(516) 683-3194(516) 683-3194
Meet The GSS Group
Gabriel Grossman
Senior Vice President, Wealth Management, CERTIFIED FINANCIAL PLANNER®, Insurance Planning Director
Phone:
(516) 683-3194(516) 683-3194
Elisabetta Cesare
Portfolio Associate
Phone:
(516) 683-3198(516) 683-3198
Teresa Labo
Registered Associate
Phone:
(516) 683-3196(516) 683-3196
About Jay Grossman
As Managing Director and a founding partner of the GSS Group, Jay brings a lifetime of experience to his role as a wealth management professional. For nearly 40 years, he has been serving the specialized needs of high net worth professionals, business owners and multi-generational families in the New
York City metro area and around the country. He combines his deep knowledge of the financial markets with an educational approach that guides his clients towards the achievement of their specific goals.
Upon earning his B.S. degree in Accounting from Brooklyn College, Jay continued his studies, receiving his M.B.A. in Finance at Pace University. In 1979, he began his career at Merrill Lynch, where he spent the next 38 years steering clients through various market cycles, helping them maintain the
focus and diligence needed to accomplish their goals in any market environment. Jay and his team joined the Morgan Stanley family in 2017.
Originally from Belle Harbor, Jay now lives in Woodmere with his wife, Susan Grossman. They have two grown sons, Gabriel and Matteson. Gabriel proudly serves clients alongside his father at the GSS Group. Jay's favorite leisure activities include baseball, movies and reading.
York City metro area and around the country. He combines his deep knowledge of the financial markets with an educational approach that guides his clients towards the achievement of their specific goals.
Upon earning his B.S. degree in Accounting from Brooklyn College, Jay continued his studies, receiving his M.B.A. in Finance at Pace University. In 1979, he began his career at Merrill Lynch, where he spent the next 38 years steering clients through various market cycles, helping them maintain the
focus and diligence needed to accomplish their goals in any market environment. Jay and his team joined the Morgan Stanley family in 2017.
Originally from Belle Harbor, Jay now lives in Woodmere with his wife, Susan Grossman. They have two grown sons, Gabriel and Matteson. Gabriel proudly serves clients alongside his father at the GSS Group. Jay's favorite leisure activities include baseball, movies and reading.
Securities Agent: MO, DC, CT, AZ, TX, FL, SC, PA, ME, KS, UT, RI, NY, MI, IL, ID, GA, WA, TN, CO, OR, NM, NC, KY, VT, VA, SD, OH, NH, MD, MA, IN, NJ, MN, IA, DE, CA, WI; General Securities Representative; Investment Advisor Representative
NMLS#: 579789
NMLS#: 579789
About Gabriel Grossman
Gabe Grossman is a Senior Vice President, Certified Financial Planner® (CFP®) and Financial Advisor at The GSS Group. He enjoys working closely with high net worth professionals and families in solving their financial challenges. To Gabe, a solid wealth management plan begins with comprehensive financial planning that focuses on understanding each client’s unique goals and circumstances.
Upon graduating from Syracuse University with a double major in Accounting and Finance, Gabe joined Ernst & Young, where he earned his CPA. For the next couple years, Gabe worked with some of the nation’s largest broker/dealers and investment management firms. In 2012, he made a decision to pursue his original passion of finance. He joined his father at The GSS Group at Merrill Lynch and has been a vital member of the team ever since. The group moved to Morgan Stanley in 2017.
Throughout his career, Gabe has developed skills in financial planning, portfolio management and tax minimization strategies. His passion has always been to help clients achieve their personal and professional dreams. He takes pride is helping clients oversee and manage their finances, so they may
enjoy the wealth they have created.
Originally from Woodmere, Gabriel now lives in Manhattan with his wife, Marissa, son Jude and toy poodle Kobe.
Upon graduating from Syracuse University with a double major in Accounting and Finance, Gabe joined Ernst & Young, where he earned his CPA. For the next couple years, Gabe worked with some of the nation’s largest broker/dealers and investment management firms. In 2012, he made a decision to pursue his original passion of finance. He joined his father at The GSS Group at Merrill Lynch and has been a vital member of the team ever since. The group moved to Morgan Stanley in 2017.
Throughout his career, Gabe has developed skills in financial planning, portfolio management and tax minimization strategies. His passion has always been to help clients achieve their personal and professional dreams. He takes pride is helping clients oversee and manage their finances, so they may
enjoy the wealth they have created.
Originally from Woodmere, Gabriel now lives in Manhattan with his wife, Marissa, son Jude and toy poodle Kobe.
Securities Agent: TX, RI, KS, WA, SC, NY, NH, TN, KY, IL, GA, CA, WI, NC, DE, VA, OR, MO, VT, MI, IN, UT, SD, PA, MD, NV, IA, AZ, NM, NJ, MN, MA, FL, DC, CO, OH, MS, CT; General Securities Representative; Investment Advisor Representative
NMLS#: 1070655
NMLS#: 1070655
Contact Jay Grossman
Contact Gabriel Grossman
Wealth Management
Global Investment Office
Portfolio Insights
Managing Significant Wealth
- Investment Management
- Wealth Transfer & Philanthropy
- Cash Management & Lending
- Family Governance & Wealth Education
- Lifestyle Advisory
- Business Services
Funding Climate Action: Pathways for Philanthropy
Article Image
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.
Private Wealth Management Podcast
Bringing you engaging stories and key insights surrounding the complexities associated with significant wealth, including:
- Intergenerational Planning
- Philanthropic Giving
- Non-Traditional Assets
- Managing Family Wealth
LISTEN | Passion Assets: Investing in Art
Article Image
We look forward to discussing your needs and goals, and the exceptional resources we can place at your disposal.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
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.
Morgan Stanley and its Private Wealth Advisors do not provide tax or legal advice. Visitors to this website 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.
Morgan Stanley Private Wealth Advisers may only transact business in states where they are registered or excluded or exempted from registration. Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Morgan Stanley Private Wealth Advisers are not registered or excluded or exempt from registration.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
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.
Investment Management Consultants Association, Inc. owns the marks CIMA®, Certified Investment Management Analyst® (with graph element)®, and Certified Investment Management Analyst® .
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Smith Barney LLC's licensed insurance agency affiliates.
Lifestyle Advisory Services: Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Private Bankers are employees of Morgan Stanley Private Bank, National Association.
Morgan 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
Awards Disclosures
Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Asset Allocation does not assure a profit or protect against loss in declining financial markets.
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.
Morgan Stanley and its Private Wealth Advisors do not provide tax or legal advice. Visitors to this website 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.
Morgan Stanley Private Wealth Advisers may only transact business in states where they are registered or excluded or exempted from registration. Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Morgan Stanley Private Wealth Advisers are not registered or excluded or exempt from registration.
For more information, please see the Morgan Stanley Smith Barney LLC Client Relationship Summary.
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.
Investment Management Consultants Association, Inc. owns the marks CIMA®, Certified Investment Management Analyst® (with graph element)®, and Certified Investment Management Analyst® .
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Smith Barney LLC's licensed insurance agency affiliates.
Lifestyle Advisory Services: Products and services are provided by third party service providers, not Morgan Stanley Smith Barney LLC (“Morgan Stanley”). Morgan Stanley may not receive a referral fee or have any input concerning such products or services. There may be additional service providers for comparative purposes. Please perform a thorough due diligence and make your own independent decision.
Private Bankers are employees of Morgan Stanley Private Bank, National Association.
Morgan 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
Awards Disclosures
CRC 4237142 (02/2025)
