Winderbaum and Lerner detail expanded services for ultra-wealthy families

2 articles · Updated · Barron's · May 8

The Morgan Stanley advisers said their New York team of 10 oversees $3.8bn for 80 households, adding cybersecurity, prenups, healthcare and multigenerational governance to traditional wealth management.
They said clients now resemble institutions, requiring investment committees, wealth education, philanthropic planning and private-market access, including co-investments, as families seek to preserve and deploy vast fortunes across generations.
The pair, partners for 25 years, said gender diversity and a younger bench help win clients and future-proof the practice, which aims to at least double in size within five years.

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