What is a family office?
A Modern Solution for Legacy-Minded Families
A family office is more than just financial management. It’s a holistic system designed to help families grow, protect, and transfer wealth across generations.
Traditionally reserved for ultra-high-net-worth households, family offices have evolved into accessible, powerful tools for entrepreneurs, professionals, and legacy builders who want to treat their family like a business—and build lasting prosperity.
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Think of It as a Private Wealth Enterprise
for Your Family
A traditional business has a CEO, CFO, departments, systems, and long-term strategies. Your family should too.
Instead of relying on fragmented advice from accountants, attorneys, and advisors who rarely speak to each other, a family office brings everything under one roof:
Financial planning
Tax strategy
Asset protection
Estate planning
Legal structuring
Investment guidance
Family governance
While this model was once exclusive to billionaires like the Rockefellers or Waltons, today’s evolving wealth landscape has made the Virtual Family Office (VFO) an accessible solution for a wider range of families—particularly those seeking structure, legacy, and clarity.
At Ell Wess Advisors, we’ve reimagined the family office experience to serve founders, professionals, legacy-minded Black families, and first-generation wealth creators. Our VFO is not just about managing assets—it’s about helping you lead your family like a financial enterprise.
Why More Families Are Turning to the
Family Office Model
Wealth today looks different. It’s often multi-sourced (entrepreneurship, real estate, W2 income), and it’s growing within families that were historically excluded from formal financial structures. But as wealth becomes more accessible, so do the risks:
Fragmented advice from disconnected professionals
Inefficient tax and legal structures
Missed opportunities for generational transfer
Lack of financial literacy across generations
No clear plan for succession, governance, or family values
A family office solves these challenges by offering a centralized hub for decision-making, coordination, education, and execution.
The Ell Wess Virtual Family Office Framework
Our Virtual Family Office is designed to provide an advisor-led, family-first wealth solutions without the overhead of a traditional single-family office. We partner with a network of tax experts, estate attorneys, investment strategists, and risk managers to deliver tailored advice and implementation—under one roof.
Services include:
Asset Protection
Shield your wealth from legal risk and ensure it’s protected for the next generation.
Tax Planning
Navigate an ever-changing tax landscape with proactive strategies that preserve more of what you earn.
Trusts, Wills & Estate Planning
Ensure your wealth is transferred smoothly, strategically, and in alignment with your values.
Advanced Wealth Strategies & Investment Allocation
Explore private banking, infinite banking concepts, real estate structuring, and long-term investment strategies.
Business Formation & Succession Planning
Build your business with the end in mind—whether passing it to the next generation or planning a legacy sale.
Family Governance & Education
Equip the next generation with tools, knowledge, and frameworks to steward the family legacy.
Protect
Your Assets
Comprehensive asset protection for real estate investors & property owners.
Slash
Your Taxes
Advisor-led family office with access to Tax Attorneys, CPAs and EAs who specialize in working with businesses and investors.
Unlock
Cash Flow
Turn cash flow challenges into opportunities with world class asset management strategies.
Build
Your Legacy
Minimize taxes.
Maximize income.
Protect your assets.
Secure your legacy.
Beyond the Numbers: A Holistic Approach
We believe true wealth includes three forms of capital:
Financial Capital
Your money and assets
Intellectual Capital
Your wisdom, experiences, and skills
Human Capital
Your family’s values, health, and unity
We integrate all three into our process, helping families not just protect assets, but pass on clarity, confidence, and cohesion.
Wealth Has a Structure...
Families Should Operate Like Businesses
Lasting wealth depends on more than money. It also requires intellectual capital (knowledge, skills, wisdom) and human capital (the well-being and development of your family). At Ell Wess, we show you how all three must work together to build a sustainable legacy.
Join an Upcoming workshop or access the replay
Webinars & Events
Three day event
Becoming The Family CEO
3-Day Live Event - Coming Soon
Unlock the mindset you need to confidently step into your role as your family's CEO. In this session, You'll gain the tools to make strategic decisions, manage wealth effectively, and build a lasting financial legacy for your family.
One-Hour Essentials
Income To Wealth Masterclass
FREE WEBINAR
Unlock the wealth-building mindset to break free from financial limitations, Take control of your money, and build lasting financial confidence.
Free Resource
Family Fortune Playbook
Learn to manage your family’s finances like a business, discover strategies to create a lasting legacy, and leverage the power of a family bank to fund opportunities, grow assets, and secure financial freedom for future generations.
Ell Wess Advisors is not an actual family office but seeks to replicate the experience and benefits of a family office structure for first-generation wealth creators, entrepreneurs, founders, and investors. Any figures or statistics mentioned on this website or in Ell Wess Advisors materials, including those related to the success rates or prevalence of certain wealth-building strategies, are based on internal or third-party data sources believed to be reliable at the time of publication, but should not be construed as guarantees of future outcomes.
Certain portions of this website or other Ell Wess Advisors materials may contain discussions of potential benefits and results as of specific prior dates. Due to various factors, including changing market conditions, tax laws, and regulations, such discussions may no longer reflect current potential benefits or results. Ell Wess Advisors is not a law or accounting firm and does not offer or provide legal or accounting services or advice. Clients should seek all such services from qualified professionals of their own choosing.
Please remember that past performance is not indicative of future results. The potential success and benefits resulting from Ell Wess Advisors’ services can vary based on factors such as the level of coordination between the client’s other engaged professionals, the client’s tax bracket and financial situation, past and future income levels, timing and manner of implementation, and other variables. Different types of investments and strategies involve varying degrees of risk, and there can be no assurance that any specific investment, investment strategy, or product (including those recommended or undertaken by Ell Wess Advisors or any of its advisory representatives), or any non-investment-related services, will be suitable for your portfolio or individual situation, or prove successful.
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