Our Team

We are a team of seasoned professionals who manage over $850 million (as of 09/05/2017) for a select clientele of families, family offices, and foundations. The team is led by Chip Weilman and Kay Grasman: Chip is a credentialed Morgan Stanley Family Wealth Director and Portfolio Manager, and holds the Chartered Financial Analyst® designation. He brings nearly four decades of financial services industry experience to the service of our clients. Kay’s European background has attuned her to the needs and concerns of foreign nationals living in the U.S. and U.S. citizens living abroad.

We look forward to learning more about you and your family, and discussing the resources we can place at your disposal.
Capabilities
  • Corporate Services
  • Comprehensive Wealth Planning
  • Investment Management
  • Sustainable & Responsible Investing
Check the background of Our Firm and Investment Professional 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

Asset Allocation
• Our investment philosophy is in part derived from MS Model Portfolio Solutions which is a compilation of “best ideas” of each analyst. Our team’s tactical asset allocation, enhances long term performance by taking advantage of temporary asset dislocation . Our portfolios are personalized based on clients needs and can be allocated across equities, fixed income, alternatives, real estate and currencies

Strategy Selection
• We use a top down approach by looking at macro trends in the economy and then drilling down to individual names
• We use a stock selection approach, where we identify specific industries where we see consistent growth and select unique companies that have strong business models and give back to shareholders
• Dividend equities are an important component of our core holdings

Morgan Stanley Collaboration
• Morgan Stanley’s extensive research division provides our team with equity and fix income recommendations which we can execute in the appropriate client portfolios
• As an adjunct to the MS research effort our group focuses on corporate events, such as balance sheet restructuring, consolidation in the industry spin-off, and merger and acquisitions

    Clients

    Cross Border Services for International Executives and Their Families:


    Many of our clients are foreign nationals living in the US or US citizens living abroad. For these individuals, life can get very complicated.


    Take the executive who earns income here but maintains bank and investment accounts in his native country. Or the business owner with facilities in Europe and the US, not to mention rental income from multiple properties in various countries. Or maybe the executive who works for a global corporation in the US but is having a yacht built in his homeland and is concerned about currency risk.


    The Weilman Grasman Group has developed a network of experienced attorneys and accountants well versed in the income and estate tax laws of various countries to assist clients with their estate and tax planning needs. We work with those experts to implement a comprehensive wealth management plan that provides the guidance to address complex financial and life decisions.

      Location

      55 East 52nd St
      29th Fl
      New York, NY 10055
      US
      Direct:
      (212) 903-7614(212) 903-7614

      Meet WEILMAN/GRASMAN

      Photo of Kay Grasman

      Kay Grasman, CFP®

      First Vice President, Wealth Management, Financial Advisor, International Client Advisor

      Phone:
      (212) 649-8540(212) 649-8540

      About Me

      Wall Street was a very different place when Chip Weilman began his career in 1978. Many of today’s financial products and services didn’t exist, and financial advisors focused primarily on providing their clients with investment recommendations. Chip’s passion for the markets compelled him to seek credentials as a Chartered Financial Analyst® and Portfolio Manager qualified to offer his clients discretionary management services. At the same time, he realized that many of his clients required a more holistic approach, encompassing not only investing, but such varied disciplines as estate planning strategies and business succession. Chip is one of a select group of Morgan Stanley Financial Advisors to have earned the prestigious Family Wealth Director designation, a credential awarded only to those completing a rigorous accreditation program focused on the skills required for comprehensive wealth management. Chip was also recognized by the Financial Times’ Top 400 Financial Advisors for 2015 and 2016. A graduate of the University of Virginia, where he earned his B.S. in finance, Chip received an MBA from Columbia University. He is active in a number of charities dedicated to children’s health and education. Chip lives with his wife and daughter in Manhattan.

      Named to Forbes Magazine’s List of America’s Best-in-State Wealth Advisors
      Securities Agent: AZ, CA, CO, CT, DC, DE, FL, HI, IL, IN, LA, MA, MD, MI, NH, NJ, NY, OH, PA, TN, TX, VA, VT, WA; General Securities Representative; Transactional Futures/Commodities; Managed Futures
      NMLS#: 1253295

      About Me

      Born in Paris, Kay Grasman came to the U.S. in 2006 and joined a Morgan Stanley predecessor firm a year later. She focuses primarily on foreign nationals and U.S. citizens living abroad, both of whom face unique challenges ranging from taxation to currency issues. Kay also works closely with many woman executives who, like their male counterparts, have the acumen, but not necessarily the time, to manage their own investments and create their own comprehensive wealth management strategy. Kay has a B.A. in economics and management from the Sorbonne and a masters degree in international management and finance from the Institut Superieur de Gestion in Paris. She also holds the Certified Financial Planner™ designation. Kay lives in Manhattan with her husband and two children. She is an active member of the France/New York Council, the French Institute Alliance and several women’s organizations such as 100 Women in Finance and the High Water Women Foundation.
      Securities Agent: AZ, CA, CO, CT, DC, DE, FL, HI, IN, LA, MA, MD, MI, NC, NH, NJ, NM, NY, OH, PA, SC, TX, VA, VT, WA; Investment Advisor Representative; General Securities Representative; Transactional Futures/Commodities; Managed Futures
      NMLS#: 1255441

      About Me

      Securities Agent: AZ, CA, CO, CT, DC, DE, FL, HI, IN, LA, MA, MD, MI, NC, NH, NJ, NM, NY, OH, PA, SC, TN, TX, VA, VT, WA; Investment Advisor Representative; General Securities Representative
      Professional Insights

      Named to Forbes Magazine s List of America s Best-in-State Wealth Advisors


      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
      Successfully Staffing Your Home

      Successfully Staffing Your Home

      By adopting more professional approaches to hiring, training and retaining staff, you can more easily maintain a well-run and harmonious home.

      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.

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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.

      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.

      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® .

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