Each engagement is bespoke, but the architecture is consistent. Below is the full scope of what a typical Discretionary tier engagement covers in a calendar year, rendered with the same level of detail we use in the Q1 client letter.
A discretionary mandate across public equity, fixed income, private credit, real assets, venture capital, and hedged strategies. Each family's allocation is built around their specific liability schedule — not a model portfolio.
Quarterly investment-committee meetings are conducted in person at the family's preferred office. Annual strategy refreshes are documented in a 24-page bound report delivered before tax season.
Performance is measured net of all fees against a custom 70/30 blend reweighted quarterly.1 Private-market positions are marked at carrying value until liquidity event.2
Two in-house CPAs, each with an LL.M. in Taxation, work alongside your existing Big-4 or boutique tax advisors. We do not file returns; we build the multi-year, multi-entity model that tells the filer what to do.
Loss harvesting, charitable bunching, multi-state residency, Roth conversion windows, and trust-distribution timing are all coordinated against the family's full balance sheet — not in isolation.
Effective tax rate on aggregate client base, post-loss-harvest, was 14.2% in 2025 — down 2.1 points YoY.3
We do not draft instruments — your estate counsel does. We coordinate the funding, the administration, the trustee selection, and the multi-decade rebalancing of the structures that carry the wealth across generations.
When a generational transition is approaching (typically a 5—10 year horizon), we lead the cross-disciplinary working group that includes counsel, trustees, accountants, and rising-generation principals.
In 2025 we completed 3 multi-generation wealth transfers totaling $284M in transferred assets, all completed within original timeline and budget.4
A family foundation is a 100-year institution. We treat it that way. Strategy is set with the principals, infrastructure runs through us, and grantmaking advisors are brought in only where the family wants outside perspective.
In 2025, our 41 client families collectively granted $84M to 387 organizations across six broad cause areas. Individual giving remains private.
Foundation administration includes federal Form 990 filing, state charitable registration in all required jurisdictions, and quarterly grantmaking reports.5
All three are full-service multi-family-office relationships. The differences lie in degree of discretion, dedicated bandwidth, and lifestyle/concierge inclusion.
$25M+
A consultative engagement. Investment recommendations are made with discretion retained by the family. Best fit for principals who run their own balance sheet and want a thinking partner.
$75M+
A full discretionary mandate. Day-to-day execution lives with us. Most of our 41 client families operate at this tier. Average tenure: 17 years.
$200M+
Tier II plus full lifestyle and household-management coordination. Aircraft, yacht, art, household staff, and travel all run through a dedicated household manager.
We do not custody assets; we coordinate them. These are the institutions our 41 client families currently use across custody, trust, audit, and counsel.
Sixty minutes with a Managing Partner. No deck. We'll listen, ask, and tell you whether we're the right fit. Below the $25M threshold we are happy to refer to peers.