The Sherman Group

The Sherman Group is a multigenerational partnership of financial professionals organized under the auspices of Morgan Stanley. Formed by Arthur Sherman, CFP (retired) in 1981, this eponymously named partnership is comprised of five financial professionals who have spent their entire careers in finance working together.

The uniqueness of the Sherman Group lies not only in its multigenerational legacy; its advisors’ extensive education in law and financial planning and its cohesiveness and collective wisdom as a team, but also in the team’s rare sense of accountability. As the Sherman Group has never changed firms, every client that has ever worked with the team knows exactly where to find them.

With the stability, longevity, and breadth of knowledge provided by this boutique “group within a firm,” and with the ability to access the resources of one of the world’s global financial powerhouses, Morgan Stanley, The Sherman Group not only provides high-end financial, retirement, estate planning strategies and asset management services, but also is the portal to lending, family dynamics counseling, philanthropic and succession planning, hedging and monetization strategies, insurance, trust services as well as private and commercial banking.

As a Wall Street pioneer in delivering group synergy to its clients, The Sherman Group continues to make its mark through its ability to help their clients make better decision in life. The team’s proprietary planning methods, active-passive investment management, and overt accountability, along with the team’s triad approach to high touch client service, i.e., working as the financial advisor, along with the client’s CPA and estate attorneys, makes working with The Sherman Group the primary destination for high end, values based multigenerational wealth management.
Services Include
  • Asset Management1
  • Financial Planning2
  • Life Insurance3
  • Long Term Care Insurance4
  • Philanthropic Services
  • Planning for Education Funding5
  • Retirement Planning6
  • Sustainable Investing7
  • Alternative Investments8
  • Annuities9
  • Lending Products
  • Professional Portfolio Management10
Check the background of Our Firm and Investment Professional on FINRA's BrokerCheck.*

Working With You

The “Advisor of First Thought” is the first person you think to call when life requires a trusted second opinion. When clients choose to onboard with our team, we hope to create for them a long lasting relationship of trust and guidance. Financial planning and portfolio management often is why we’re hired, but guiding our clients through the many challenges and opportunities that arise in their lives is why they bring their parents, children and grandchildren to us.

Common questions we regularly address include:
  • Our family needs help with our finances and we don’t know where to begin, can you help?
  • Can I afford to buy this vacation home and can you help me get a mortgage? Should I buy, rent or lease?
  • What’s the best way to loan my child money for a business?
  • How should I invest for my future and college for my kids?
  • Are trusts a good idea for us, for our kids?
  • My company needs a retirement plan, can you help with that?
  • When can I realistically retire? Will I be able to afford healthcare?
  • We’ve been blessed and we want to help our children and grandchildren, can we discuss the best way to do this with you?

Location

522 5th Avenue
11th Floor
New York, NY 10036
US
Direct:
(212) 603-6100(212) 603-6100
Toll Free:
(800) 736-2564(800) 736-2564

Meet The Sherman Group

About Me

Mr. Sherman, a wealth advisor with The Sherman Group at Morgan Stanley, is a Family Wealth Director and Executive Director of Wealth Mgt. at Morgan Stanley.  Mr. Sherman was named one of the Top Wealth Advisors in New York for 2018 by Forbes Magazine,* and as one of the top 400 Financial Advisors in the country for 2017** by The Financial Times.  Back in 2008,  The Sherman Group was awarded Barron’s Research Magazine’s designation of “One of the Top 50 Financial Advisory Teams in America.”*** Mr. Sherman earned a BS degree in 1985 from Syracuse University’s prestigious Newhouse School of Public Communications and a JD in 1988 from Washington University’s School of Law.  After a judicial clerkship, a Capitol Hill position, and private practice, Mr. Sherman joined The Sherman Group in 1991. In 1998 and 1999 Mr. Sherman graduated from the firm's Consulting Group University ("CGU") and CGU Graduate School programs, both joint programs with The Wharton Business School (U Penn); later Mr. Sherman attended the Institute for Professional Financial Management in San Antonio, TX.  In 2002 Mr. Sherman was awarded the firm’s top investment management consultant title, SIMC and in 2003, received the firm’s coveted Financial Planning Specialist title.  In 2007 Mr. Sherman earned and was promoted to Senior Wealth Advisor – Citi Family Office, a title held by less than 100 financial advisors and private bankers in Citigroup.  In addition to his consulting practice, Mr. Sherman has served on the National Board of Alumni for the Newhouse School, as well as on the Board of Trustees for Temple Sinai of Bergen County and actively volunteers with New York City’s Meals on Wheels.  Mr. Sherman holds a fourth degree black belt in Shukokai Karate, has a wife and two sons.  Mr. Sherman has been interviewed and quoted in such national publications as Smart Money Magazine and The CPA Journal.
Securities Agent: AZ, CA, CO, CT, DC, FL, GA, HI, IA, ID, IL, IN, KS, MA, MD, ME, MI, MN, NC, NH, NJ, NV, NY, PA, RI, SC, TX, VA, VT, WA, WI, WY; Investment Advisor Representative; General Securities Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1279181

About Me

Ms. Fischman, a Financial Advisor and Guided Portfolio Manager, was awarded a BS degree from the University of Miami in 1975 and an MS from the University of Bridgeport in 1976.  Ms. Fischman, a specialist in both taxable and municipal fixed income investment strategy, has been a member of The Sherman Group since 1981.  Ms. Fischman first joined one of the firms within Morgan Stanley’s lineage back in 1979 and has been with the firm ever since.

Morgan Stanley Smith Barney LLC. Member SIPC.
Securities Agent: AZ, CA, CO, CT, DC, FL, GA, HI, IA, ID, IL, IN, LA, MA, MD, ME, MI, NC, NH, NJ, NV, NY, PA, RI, SC, TX, VA, VT, WA, WI, WY; General Securities Representative; Transactional Futures/Commodities; Managed Futures
NMLS#: 1273029

About Me

Mr. Biegen is a 2004 graduate of Princeton University. He first joined the firm in August 2004 as a Team Analyst and within a year and a half had earned the firm’s title of Consulting Group Analyst.  In 2007, Mr. Biegen was formally trained as a Financial Advisor, and achieved the firm’s Financial Planning Specialist Designation, and he obtained his CERTIFIED FINANCIAL PLANNERTM certification in 2008.  Mr. Biegen’s areas of focus include financial planning, portfolio management, and investment research.  Mr. Biegen serves as Past-President and sits on the Board of Governors of the Princeton Association of New York City.  Mr. Biegen was a previous President of the Friends of Princeton Baseball.  Originally from Middletown, CT, he is now a resident of Fair Haven, NJ, and is married with two children.  In college Mr. Biegen was captain of the Princeton University Varsity Baseball Team which won three Ivy League Championships during his tenure.

 
Morgan Stanley Smith Barney LLC. Member SIPC.
Securities Agent: AZ, CA, CO, CT, DC, FL, GA, HI, IA, ID, IL, IN, MA, MD, ME, MI, NC, NH, NJ, NM, NV, NY, PA, RI, SC, TX, VA, VT, WA, WI, WY; Investment Advisor Representative; General Securities Representative; Managed Futures
NMLS#: 1290391

About Me

Mr. Benvin, a Financial Advisor, is a 2011 graduate of The Ohio State University and has been with the firm for a total of 7 years. Mr. Benvin graduated Ohio State with a Bachelors of Business Administration, specializing in Finance, and first joined the firm in 2010 as a Summer Intern. A year later, he was hired on as the Team Analyst for The Sherman Group at Morgan Stanley and within a year and a half had earned the firm’s title of Consulting Group Analyst. Mr. Benvin’s area of focus includes financial planning, performance reporting and investment research. In college, Mr. Benvin was on the executive board for the local business magazine and was a member of the inaugural Business Scholars class at Ohio State. Mr. Benvin obtained the CERTIFIED FINANCIAL PLANNER™ certification in 2016 and the Certified Investment Management Analyst® certification in 2018. Mr. Benvin is originally from Long Island and currently resides in Manhattan on the Upper West Side.

Morgan Stanley Smith Barney LLC. Member SIPC.
Securities Agent: AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, LA, MA, MD, ME, MI, MN, NC, NH, NJ, NM, NV, NY, OH, PA, RI, SC, TX, VA, VT, WA, WI, WY; Managed Futures; Investment Advisor Representative; General Securities Representative
NMLS#: 1534603

About Me

Born and raised on the Island of Trinidad & Tobago, with a family of 6 sisters and 4 brothers.

Migrated to the US in 1991 and has a BBA in Industrial/Organizational Psychology from Bernard Baruch College. Married and resides in Brooklyn, loves traveling, dancing and reading.

Lorna has her Series 7 registration and has been a part of the Sherman Group since 2000.

Investment and Market Perspectives

On the Markets

Retirement

Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
  • 401(k) Rollovers
  • IRA Plans
  • Retirement Income Strategies
  • Retirement Plan Participants
  • Annuities
The Simple Six-Step Retirement Checkup

The Simple Six-Step Retirement Checkup

Given market volatility in 2018, checking in on your retirement plan may be one of the wisest New Year’s resolutions you can make.

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.

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.

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.

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.

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.

Mosaic

Explore ideas and inspiration with captivating, original lifestyle stories created exclusively for Morgan Stanley clients.
The 2019 Wanderlust List

The 2019 Wanderlust List

The world awaits your next adventure. Start here.

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Your Financial World. On the Go.

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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.
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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 Sherman Group today.
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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.

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 offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences.

3Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

4Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

5Morgan 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.

6Morgan 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.

7The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria.

8Alternative Investments are speculative and include a high degree of risk. An investor could lose all or a substantial amount of his/her investment. Alternative investments are suitable only for qualified, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.

9Annuities are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

10Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be suitable for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.

The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.

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