Popular New York society couple Dorrit and Todd Morley have separated after 14 years of marriage. We are told Todd — the CEO of G2 Investment Group and a co-founder of Guggenheim Partners — and Dorrit split during the summer.

The couple, who have three kids, said in a statement, “We recently have separated and are working together to determine what is best for our family. We have not decided whether to divorce and for the sake of our children ask for privacy.”

Dorrit, the daughter of grumpy Observer columnist Michael Thomas, and Todd — also chairman of the Forbes Private Capital Group — married in 1999, when he was described by the Times as looking “like a model in a Ralph Lauren advertisement.” His brother-in-law, also named Michael Thomas, added to the Times write-up, “Todd is the most unassuming master of the universe . . At his place in Southampton, it’s open house all the time and not exclusively six-foot-tall blond models.”

A source added to us, “Southampton is a small town, people may choose to take her side. He may not find it quite as friendly.”