Straight answers to the questions families actually ask.

A multi-family office is a firm that offers cross-generational investment counsel and financial management services to a select few wealthy families. Such a service exists to help protect and grow client wealth, while handling the daily rigors of financial management.

A wealth manager typically manages your investments and financial plan. A family office also manages the operations of your wealth: tax coordination across entities, estate and trust administration, consolidated reporting, and bill pay.

A hedge fund pools investor money to pursue a strategy. A family office serves families: it manages their full financial lives and answers to no outside investors. Some large single-family offices invest like institutions, which creates the confusion.

If your wealth involves multiple entities, trusts, or generations, or arrived through a liquidity event, the coordination work already exists. The question is who does it? Families below roughly $10 million usually solve it with a strong advisor and CPA; above that, a family office structure starts earning its cost.

Establishing and staffing your own single-family office can cost seven figures a year once staff, systems, and space are counted. A multi-family office spreads that infrastructure across a small group of families, so each effectively pays a fraction of it. Our fees are covered plainly in a first conversation and in our Form ADV.

A registered investment adviser is a firm registered with the SEC or a state regulator to provide investment advice, owing clients a fiduciary duty: the legal obligation to put client interests first. Yale Capital Corp. is an SEC-registered investment adviser, CRD #126992. Registration as an investment adviser does not imply a certain level of skill or training.

Fee-only advisors are paid solely by their clients. Fee-based advisors charge fees but can also earn commissions on products. Commission compensation comes from the products sold. Ask any advisor how they're paid before committing.

Check the record first: look the firm up on the SEC's adviser search at adviserinfo.sec.gov, read its Form ADV and Form CRS, and confirm how it is paid. Then ask who holds custody of your assets, what happens when you call with a problem, and who exactly will manage your account.

Please note that all our clients' funds are held by a third-party custodian, and clients always have access to their funds, transactions, and statements. We have selected Charles Schwab & Co., Inc. as primary custodian for our clients' accounts. As a registered broker-dealer and a member of the Securities Investor Protection Corporation (SIPC), Schwab is subject to certain regulations intended to protect assets held in brokerage accounts maintained at Schwab.

New relationships generally begin at $10 million in investable assets. We find that is the level where our family office model creates the most value for a family: senior-team attention, consolidated oversight, and coordinated tax and estate strategy.

Families facing or following the sale of a business, holders of large concentrated stock positions, multi-generational families with complex tax situations, and family offices that want an outsourced chief investment officer. If that is your family, the conversation is confidential and costs nothing.

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