Morgan Stanley Private Wealth Management


Lerner Winderbaum Team

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Lerner Winderbaum Team

We deliver customized, holistic solutions designed to preserve and enhance our clients’ wealth so they can fulfill their life and legacy goals and aspirations.

Welcome

Our Team

Led by Anna Winderbaum and Joseph Lerner, we are a highly experienced team with a common goal: to help our clients address the complex, multifaceted challenges of managing significant wealth.

We work with a select group of ultra-high net worth individuals, families, family offices, endowments and foundations.  Our clients are typically entrepreneurs, senior executives, multigenerational families and foundations.

We take a holistic approach with a focus on understanding our clients’ personal and financial goals, family dynamics, balance sheet needs and philanthropic activities.  This approach enables us to advise our clients broadly and cohesively across many aspects of their lives.  We then develop customized wealth strategies with a keen focus on portfolio analysis and asset allocation.

While investment strategy is at the core of our offering, nothing is more important to us than delivering a superior client service experience. We serve as a virtual family office for many high net worth families, and pride ourselves on addressing complex service requests promptly and professionally.

We are here to help our clients make confident decisions and simplify their day-to-day finances, so they are free to focus on their families, businesses and charitable endeavors.

Capabilities

  • Comprehensive Wealth Planning
  • Family Governance & Wealth Education
  • Investment Management
  • Open-Architecture Platform
  • Consolidated Reporting
  • Manager Selection
  • Philanthropy Management
  • Hedging Strategies
  • Risk Management
  • Sustainable & Responsible Investing


Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck.

About PWM

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 $300 billion in AUM2
  • Comprising over 20% of the Barron’s Top 100 Financial Advisors list for 20163
  • 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 Internal Compensable Revenue Report, July 21, 2016
2 Morgan Stanley Wealth Management, December 31, 2016
3 Barron’s Top 100 Financial Advisors, April 16, 2016

Approach

Approach

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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.

Our Clients

Clients

* Serial Entrepreneurs who have exited in sale or IPO

* Ultra high net worth multigenerational families

* Family offices with primary businesses in Real Estate and Private Equity

* Individuals who have undergone Life Changing Special Situations

* Senior Executives (Private & Public Companies)

* Hedge Fund & Venture Capital Founders & Partners

* Foundations & Endowment
 

Philosophy

Philosophy

We serve our clients as their personal family wealth advisor.  Our mission is to evaluate and understand their important and sensitive family issues so that we can help them realize their goals.

Collaboration and education is a fundamental part of how we interact with clients.  We provide continuous and informed communication, research and access to Morgan Stanley thought leadership.

We first seek to understand each client’s situation before recommending tailored investment solutions.   As our clients’ needs evolve and the global markets change, we work diligently to align and rebalance portfolios to meet client objectives.

We build structure and manage customized portfolios in a transparent and liquid manner.  This gives us the flexibility to design strategic investment strategies and incorporate tactical ideas.

We provide objective advice, but also think from an investor’s perspective. Our recommendations may include passive investments, our own discretionary strategies and/or investments chosen from the expansive Morgan Stanley open architecture platform.

We consider investments across every asset class, narrowing our focus to those opportunities we believe to be best suited for our clients’ specific needs and objectives.

Meet the Professionals

Managing Significant Wealth

  • Investment Management
  • Wealth Transfer & Philanthropy
  • Cash Management & Lending
  • Family Governance & Legacy
  • Signature Access
  • Business Services

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.

We look forward to discussing your needs and goals, and the exceptional resources we can place at your disposal.

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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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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

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.

CRC 1594390 10/16

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