Family Office Family-office capabilities, with or without the family office.
A family office handles the work around a family’s money: reporting across every account, entity accounting, bill pay, taxes, trusts and the advisers who touch them. Most families don’t need to build one. They need the work done, and someone who sees all of it.
For investors and families with $5 million or more.
Everything the family owns and owes, on one page.
The problem isn’t another investment. It’s coordination.
As capital grows, so does everything around it: entities, accounts, trusts, properties, partnerships, K-1s, people and decisions. Each adviser sees a part. No one sees all of it.
Statements from five places.
And no single number for what the family owns.
A trust no one has reread.
Written years ago, for a family and a balance sheet that have both changed.
Advisers who don’t talk to each other.
Your CPA, attorney and investment adviser each make sense alone. Together, they may not.
The work a family office does, and who does it.
Most families don’t need to build a family office. We arrange the work one would do, through specialist firms we select and oversee, around one advisory relationship.
| The work | Who does it | What you get |
|---|---|---|
| Investment management | Us. Mike Shell manages the portfolios. | One investment discipline across every account. |
| Planning | Us. Christi Shell leads it, with your CPA and attorney. | Estate, tax, trusts, insurance and income working as one plan. |
| Reporting and entity accounting | Specialist firms we select and oversee. | One picture of what the family owns and owes. |
| Bill pay and cash management | Specialist firms we select and oversee. | Bills paid and cash where it should be, without you doing it. |
| Tax returns | Your CPA. If you don’t have one, we’ll introduce you to ours. | Returns prepared from the same picture we work from. |
| Legal documents | Your attorney. If you don’t have one, we’ll introduce you to ours. | Documents drafted to fit the plan, not alongside it. |
A formal family office, built properly.
A formal family office
Families who want one get it built and run properly, with the same fund-administration firms that keep the books for hedge funds.
Trustees
When a family needs a corporate trustee, we work with independent trust companies and our custodian’s trust resources. The trustee administers the trust. We keep managing the investments and advising the family.
What you can count on.
- One picture of all of it.Every account, entity, trust and property, and the advisers who touch them, coordinated from one plan.
- Your money stays in your name.Accounts held in your own name at Goldman Sachs. We make the investment decisions. We never hold your money.
- The people you read here do the work.Mike manages the investments. Christi advises the family. Specialist firms do the operating work, selected and overseen by us.
Questions about family offices.
What is a family office?
A family office handles the work around a family’s money: reporting across every account, entity accounting, bill pay, taxes, trusts and the advisers who touch them. Shell Capital Management, an independent, fiduciary registered investment adviser in Knoxville, Tennessee, provides family-office capabilities around one advisory relationship, with or without a formal family office.
Do I need a family office?
Most families don’t need to build one. They need the work done and someone who sees all of it. When a family wants a formal family office, we have it built and run properly, with the same fund-administration firms that keep the books for hedge funds.
What’s the difference between a single-family and a multi-family office?
A single-family office serves one family, with its own staff. A multi-family office shares its staff and systems across many families. We provide the capabilities without either structure: we manage the investments and advise the family, and specialist firms we select and oversee do the operating work.
Can you work with the family office we already have?
Yes. We can manage the investments and advise the family alongside the staff and firms you already use.
Who holds the money?
Your accounts are held in your own name at Goldman Sachs Custody Solutions, which holds the assets, executes the trades and reports to you directly. We make the investment decisions. We never hold your money.
Tell us who touches your money today.
We’ll show you what isn’t being coordinated, and what it would take to see all of it.
If you write, I’ll read it myself.
Mike Shell, Founder & Chief Investment Officer
Related: Private Wealth Management, What We Do, Who We Serve and Christi Shell.