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Grunfeld, Vale & Associates

Private Wealth Advisors



NEW YORK, NY 10036


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About us

Grunfeld Vale and Associates

Grunfeld, Vale & Associates works closely with families of substantial wealth to help them navigate their complex financial situations and define their goals. We recognize that extraordinary wealth merits extraordinary attention. Clients come to us because they seek to work with – not just be advised by – people and an organization that have the resources and strength to complement their vision. Drawing upon the combined expertise of Merrill Lynch and Bank of America, we seek to enhance clients’ financial lives by creating individualized strategies that reflect and clarify the nuances and complexities of their unique situations.


We work with clients of exceptional financial resources who seek not only to preserve and enhance their wealth, but also to cement their legacy. Clients include family offices, corporate executives, business owners, entrepreneurs, hedge fund principals, foundations, endowments, and philanthropists.

Our Investment Approach

The world-class research, intellectual capital, and institutional investment opportunities at Merrill Lynch and Bank of America provide the strong foundation upon which we build our approach. We tailor our investment strategies to reflect clients’ philosophies on wealth preservation and aspirational risk; clients then pursue the lifestyles and legacies they find most appealing. Our approach to portfolio construction combines Modern Portfolio Theory with aspects of behavioral finance through a single, pragmatic concept called the Wealth Allocation Framework. The result: portfolios designed to meet individual investors’ needs and preferences, as well as to protect individuals from personal, market and aspirational risk factors*.

Our Strengths

Our focus is on addressing complex financial requirements of the ultra-affluent. With decades of experience in applying our knowledge, we assist clients with a wide range of initiatives:

  • Investment management
  • Market-linked securities and customized derivative strategies
  • Concentrated stock management
  • Strategic philanthropy
  • Banking and lending through Bank of America, N.A.
  • Intergenerational wealth transfer
  • Guidance during change of circumstance/liquidity event

    *Some or all alternative investments may not be suitable for certain investors.

  • Meet the team

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    Meet the team

    Joseph Grunfeld

    Managing Director

    Private Wealth Advisor



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    Arthur Vale

    Senior Vice President

    Private Wealth Advisor



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