Palumbo Wealth Management

Palumbo Wealth Management

Palumbo Wealth Management opened in 2019 at 1010 Northern Boulevard in Great Neck, New York. Founder Philip Palumbo built the practice around the personal chief financial officer model, explicitly targeting business owners navigating the concentrated risk that comes with a privately held company. The firm states its team carries CFP, CFA, and Certified Exit Planning Advisor designations alongside MBA training. The practice spans portfolio management, tax planning, estate and trust structuring, asset protection, and private banking facilitation. Its most differentiated capability is the business-exit sequence: pre-sale preparation, transaction strategy, capital gains management, and succession arrangement, tailored for CEO founders approaching a liquidity event. Geographic focus is the tri-state New York metropolitan area, with no disclosed offices beyond the Great Neck headquarters. The firm describes a structured communication cadence: bi-monthly check-in calls, quarterly reviews, two annual in-person meetings, and weekly market observations delivered by email. The firm has not publicly disclosed assets under management, total client count, or staff headcount. Its website describes a client service model anchored by direct access to the founder and a five-step consultative process that inventories gaps across life and financial goals. Philanthropic structures, external co-investment vehicles, or membership in peer networks such as Tiger 21 or YPO are not mentioned in available sources. Palumbo's structural distinction is the concentration of CFP, CFA, and CEPA expertise inside a single-advisor practice, rather than spreading those functions across a large advisory team.