The Wolff Group

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The Wolff Group

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Merrill Lynch
Wealth Management
"We are a Wealth Management team in Merrill Lynch’s New York City flagship office, with over 30 years of experience focused on helping families structure and organize their wealth." - Cynthia Wolff, CFP

The Wolff Group

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Welcome

The Wolff Group makes planning for the future easier. Our initial focus is on getting to know you - your needs, values, passions, beliefs and goals:

  • Have you recently experienced a transition in life such as marriage, divorce, selling a business or entering into retirement?

  • Do you have a complete understanding of how your assets, liabilities, income and expenses are working together to ensure your financial wellbeing?

  • Have you decided on what type of legacy you want to leave for your family, friends and philanthropic interests?

The answers to these questions inform our next steps, which include the development of a comprehensive wealth management plan and investment strategy that works specifically for you, your family and your future generations.

Success is a choice. We'll help you make the right one.©

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"The only constant in life, apart from taxes, is change."

Our wealth management practice is focused on cultivating lifelong relationships that place the interests of clients first. That's why we operate across multiple generations, helping high-net-worth investors determine where to allocate their wealth at what time. We help achieve a consistent outcome by adhering to the following three steps:

  1. First, the Wolff Group engages all clients in an active dialogue to develop a thorough understanding of every life goal, investment objective and tax consideration.

  2. Next, we analyze the information and create a customized wealth management plan that spans the client's complete monetary lifecycle. This includes the generation of cash flow, net worth and projected income statements.

  3. Following this process, we develop an investment strategy and help to ensure that all goals are met by hosting periodic performance and goals-based reviews.

This wealth management process is backed by Merrill’s proprietary technologies, highly-rated securities research, access to specialists in a variety of areas, and a comprehensive range of investments, accounts, services and fee structures.



*Any information presented in connection with BofA Merrill Lynch Global Research is general in nature and is not intended to provide personal investment advice. The information does not take into account the specific investment objectives, financial situation and particular needs of any specific person who may receive it. Investors should understand that statements regarding future prospects may not be realized. BofA Merrill Lynch Global Research is research produced by BofA Securities, Inc. (“BofAS”) and/or one or more of its affiliates. BofAS is a registered broker-dealer, Member SIPC, and wholly owned subsidiary of Bank of America Corporation. BofA Merrill Lynch Global Research does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision.

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"Risk management is the cornerstone of long-term growth."

Our family office approach to investing is holistic, tax-efficient, disciplined and proactive. We typically begin with a top-down analysis of your balance sheet, and combine an understanding of you with forward-looking insights that reflect our strong convictions about asset classes, markets, economies, sectors, countries and currencies.

Supported by Merrill’s Chief Investment Office, top-ranked global equities research and a large team of analysts and specialists, we also will collaborate with your outside advisors - such as attorneys or accountants - to keep pace with changing financial market conditions and changes in your life. If your circumstances change over time, or new opportunities arise, we'll be there to adjust your plan and make sure it's on track.

*Any information presented in connection with BofA Merrill Lynch Global Research is general in nature and is not intended to provide personal investment advice. The information does not take into account the specific investment objectives, financial situation and particular needs of any specific person who may receive it. Investors should understand that statements regarding future prospects may not be realized. BofA Merrill Lynch Global Research is research produced by BofA Securities, Inc. (“BofAS”) and/or one or more of its affiliates. BofAS is a registered broker-dealer, Member SIPC, and wholly owned subsidiary of Bank of America Corporation. BofA Merrill Lynch Global Research does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision.

*Institutional Investor magazine announced BofA Merrill Lynch Global Research as one of the top global research firms from 2011-2018 based on surveys held throughout the year. The magazine creates rankings of the top research analysts in a wide variety of specializations, drawn from the choices of portfolio managers and other investment professionals at more than 1,000 firms. BofA Merrill Lynch Global Research is research produced by BofA Securities, Inc (“BofAS”) and/or one or more of its affiliates. BofAS is a registered broker-dealer, Member SIPC, and wholly owned subsidiary of Bank of America Corporation. For more information about this award, go to https://www.institutionalinvestor.com/research/8959/Overview. Rankings and recognition from Institutional Investor are no guarantee of future investment success and do not ensure that a current or prospective client will experience a higher level of performance results and such rankings should not be construed as an endorsement.

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"We bring a full suite of solutions to your doorstep."

Drawing on our unparalleled resources across the nation's 2nd largest bank, the Wolff Group operates as a one-stop-shop for managing the various aspects of wealth. We regularly assist clients with the following wealth management topics: 

Asset Preservation Strategies - creation of living and irrevocable trusts, access to full service estate planning, dynasty trusts, grantor trusts, trusteed IRAs. Access to Bank of America Private Bank (formerly U.S. Trust), the nation's oldest and most prestigous trust institution. Control of how your wealth will be distributed to beneficiaries and heirs.

Business and Commercial Banking - support of your small, mid-size or large business through the merchant services and lending capabilities of Bank of America. Assistance with selling your business or transitioning ownership to the next generation when the time is right. Wire transfers and cash management for account balances of all sizes. Investment banking and pre-post IPO preparation.

Comprehensive Family Planning - educational services for children of all ages, facilitation of discussions across multiple generations to map out philanthropic objectives, access to tax-efficient college savings plans such as 529s, Coverdell's or UGMA/UTMAs. 

Executive Compensation Planning -
development of a strategy for your concentrated stock options including 83(b) elections, access to ULTRA (a specialized unit within Bank of America), exchange funds for diversifying your portfolio without the realization of capital gains.

Insurance Planning -
review of your current policies including term, whole life, variable life and disability. Annuities and Long-Term Care applicability discussions, assurance that your dependents will be well taken care of following a significant life event that disrupts earnings potential. 

Lending and Liquidity Services -
competitive rates on home financing through Bank of America (NMLS: 1459519), HELOCs, reverse mortgages, personal loans on investment portfolios, lending on private collections including artwork and airplanes.

Philanthropic Services -
creation and administration of Donor Advised Funds (DAFs), Private Foundations and Irrevocable Life Insurance Trusts. Use of your appreciated stock to support nonprofits and charities.  
 
Retirement Planning - mapping of your current and projected income, expenses, assets and liabilities using proprietary Merrill wealth management software. Establishment of an investment strategy and action plan to help ensure that your goals will be achieved both pre and post retirement.

White Glove Customer Service - automated bill pay, access to MyMerrill and MyFinancialPicture, concierge services for booking vacations, hotels or rentals. Access to specialized banking services and credit cards through Bank of America, never step foot in a commercial bank branch again.

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"Your wealth should remain exactly that - yours."

Our fee schedule is designed to be all-inclusive, transparent and competitive. By partnering with our team you will know exactly how much you're paying each month, how much you're saving and what is included in your service model. A typical client pays the following:

Assets <$3,000,000: 1.50% annually
Assets >$3,000,000 and <$5,000,000: 1.25% annually
Assets >$5,000,000 and <$7,000,000: 1.00% annually
Assets >$7,000,000 and <$10,000,000: .75% annually or less
Assets <$10,000,000: Less than .75% annually

These rates cover the costs of all investment transactions, and provide your family with the full-time support and backing of a CERTIFIED FINANCIAL PLANNER™ certificant, CERTIFIED PRIVATE WEALTH ADVISOR® designee, CERTIFIED INVESTMENT MANAGEMENT ANALYST® professional, a Juris Doctorate and access to our large team of dedicated in-house wealth management specialists. Moving forward, your family will always be supported by a veritable array of experienced Merrill advisors, planners and investors who know your name, situation and care about your outcomes.


*Our team does not provide legal advice in our current roles with Merrill Lynch Wealth Management.

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Focus On Individuals and Families

We work primarily with high-net-worth individuals and families. We’ll begin by getting to know you as we explore the following seven priorities together:

  • Health: Managing healthcare expenses, now and in the future
  • Home: Upsizing, downsizing, remodeling or buying a vacation home
  • Family: Taking care of your family and other people in your life
  • Leisure: Spending your free time in meaningful ways
  • Giving: Volunteering, mentoring others and giving to charities
  • Work: Working in retirement, selling or starting a business
  • Finance: Bringing it all together and defining your financial goals

We work closely with other trusted professionals to help clients pursue their goals, drawing on the investment insights of Merrill and access to the banking convenience of Bank of America as we do so.

 

  • "We understand that knowledge is the foundation of sensible decisions, so we maintain consistent dialogue and ongoing debate. - Nicholas Raffin

Our Group

Supported by the global resources of Merrill, our group is comprised of talented and experienced individuals committed to building strong client relationships based on trust and personalized service.

Additional Resources

The following specialists do not make securities recommendations. Please contact your Merrill Lynch Wealth Management Advisor if you have questions about how a specialist might be able to assist you.

John P Walsh

John P Walsh

Retirement Specialist

Timothy Fitzpatrick

Timothy Fitzpatrick

Internal Insurance Specialist

Guido Graff

Guido Graff

Markets Specialist

Your Financial Strategy

We offer you access to the investing insights of Merrill, as well as banking, trust and fiduciary services from Bank of America to help you pursue your goals. We will work to help you stay on track, regardless of what the markets are doing.

FAMILY
FAMILY
Taking care of your family and other people in your life
  • Trust & Estate Services2
  • Education Funding Strategies1
  • Insurance3
HEALTH
HEALTH
Planning for healthcare expenses now and in the future
  • Long-term Care Insurance3
  • Health Savings Account2
  • Disability Insurance3
HOME
HOME
Upsizing, downsizing, remodeling or buying a vacation home
  • Home Loans2
  • Home Equity Lines of Credit2
  • Securities-Based Lending2
  • Credit Cards2
WORK
WORK
Working in retirement, selling or starting a business
  • Bank of America Business Banking2
  • Exchange Funds1
  • Concentrated Stock Management1
  • Succession Planning1
LEISURE
LEISURE
Spending your free time in meaningful ways
  • Credit Cards2
  • Securities-Based Lending2
  • Structured Lending2
GIVING
GIVING
Volunteering, mentoring others and giving to charities
  • Donor-Advised Funds2
  • Private Foundations2
  • Charitable Trusts2
FINANCE
FINANCE
Using your finances to bring it all together
  • Merrill Lynch Investment Accounts1
  • Investment Advisory Accounts1
  • Alternative Investments1
  • Exchange-Traded Funds1
  • Mutual Funds1
  • Closed-end Funds1
  • Fixed Income Products1
  • Options1
  • Annuities3
  • Impact Portfolios1
  • Market-Linked Investments1
  • Securities-Based Lending2
  • Margin1
  • Home Loans2
  • Bank of America Checking and Savings Accounts2
  • Credit Cards2
  • Online Account Access1,2

1Investment products are offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated.
2Banking products are offered by Bank of America, N.A.
3Insurance and annuity products offered through Merrill Lynch Life Agency Inc.

Staying on Track

We understand that both your life and the financial markets can change over time. By periodically checking in to discuss changes in your life and revisiting your financial strategy, our goal is to help you stay on track to achieve what's most important to you.

<br />Regular reviews to help you stay<br />on track

Regular reviews to help you stay
on track

We'll meet with you periodically to review your goals and the progress you’ve made toward reaching them. We'll also discuss any adjustments needed to your financial strategy to help you stay on course.

    <br />Monitoring changes in your life<br />and to your goals

    Monitoring changes in your life
    and to your goals

    Your life and goals change. We can help you keep track of these changes so they can be reflected in your financial strategy.

    Wealth Management Your Way

    MyMerrill is your online and mobile destination for access to your financial information, secure communications, and a robust offering of tools and capabilities

    It’s easy to seamlessly integrate your Merrill Wealth Management and Bank of America banking accounts online and through our mobile apps with a single click

    You can manage account security with our customizable security capabilities such as Face ID/Touch ID, one time passcode and other security features

    Your advisor is a click away through our Secure Inbox and texting application

    Access to your complete financial life is available with Spending & Budgeting, integrating your Merrill and Bank of America activity into a powerful tool to track your expenses and income

      Why Merrill Lynch?

      As Merrill Lynch Wealth Management Advisors, we will sort through the financial complexities of your life, helping you build a customized investment strategy to pursue your goals.


      Merrill_Capabilities_Brochure.png  

      We put you first, every day.
      Learn more about the dedicated one-on-one relationship you can have with a Merrill Lynch Wealth Management Advisor.

      Personalized advice from a dedicated financial advisor.

      Getting to know you is our primary goal.

      A comprehensive approach, built around your life’s priorities.

      Drawing from our experience and the best thinking of Merrill, we will build a strategy that reflects your unique needs, priorities and financial situation.

      Adjusting your plan as your life and the markets change.

      We will work to help you stay on track, regardless of what the markets are doing.