Emanay Advisors · Prepared for Stanley Smith · Project Wolfpack

From Family Wealth
to Institutional Structure.

Emanay structures, staffs, and operates family offices for high-net-worth families and multi-generational wealth — with Law Group, Accounting, and Capital moving alongside every decision, from governance design to daily oversight.

Entity & Governance Structuring
Investment Oversight
Tax & Accounting Infrastructure
Estate & Succession Planning
Risk & Compliance
Ongoing Administration
4
Integrated Divisions
3
Engagement Phases
SFO / MFO
Structure Options
Retainer
or Milestone-Based Fees
Engagement Structure

How a Family Office Engagement Works

Every engagement runs across three phases — structure and governance design, build-out and onboarding, and ongoing management — with Advisors, Law Group, Accounting, and Capital moving in parallel, not sequence.

Week 1
Week 2–3
Week 4–5
Week 5–6
Week 6–7
Week 7–8
Emanay Advisors
Vision & Structure Design
Advisors
Family Goals & Vision
Family objectives, values, and governance philosophy defined
Advisors
Office Model Selection
Single-family vs. multi-family, in-house vs. outsourced functions decided
Advisors
Governance Framework
Family constitution, decision rights, and succession principles drafted
Advisors
Advisory Board Design
Investment committee and advisory board structure designed
Advisors
Staffing Plan
Roles needed defined — in-house vs. Emanay-provided functions
Advisors
Structure Finalized
Family office operating model confirmed and approved
Model Approved
Emanay Accounting
Financial Infrastructure
Accounting
Standby
Preliminary review prepared pending governance model
Accounting
Current State Assessment
Existing entities, accounts, and reporting reviewed
Accounting
Chart of Accounts Design
Consolidated reporting structure designed across entities
Accounting
Tax Structure Review
Multi-entity, multi-jurisdiction tax exposure reviewed
Accounting
Systems Selection
Accounting and reporting platform selected and configured
Accounting
Reporting Framework Set
Consolidated reporting framework finalized across all entities
Framework Set
Emanay Law Group
Governance & Entities
Law Group
Engagement Letter
Scope and confidentiality documented
Law Group
Entity Audit
Existing entities and structures reviewed for gaps and inefficiencies
Law Group
Governance Documents
Family constitution, trust, and governance documents drafted
Law Group
Entity Formation
New holding entities, trusts, or SPVs formed as needed
Law Group
Succession Planning Docs
Estate planning and succession documents coordinated with outside counsel where needed
Law Group
Structure Executed
All governance and entity documents executed
Executed
Emanay Capital
Investment Policy
Capital
Standby
On call pending governance and entity structure decisions
Capital
Standby
Preliminary review of existing holdings underway
Capital
Investment Policy Statement
Risk tolerance, asset allocation, and mandate defined with the family
Capital
Manager / Platform Review
Existing investment managers and platforms assessed against the new policy
Capital
Capital Deployment Plan
Reallocation and deployment plan built against the investment policy
Capital
Investment Oversight Ready
Ongoing investment oversight framework finalized
Ready
Phase I Outcome — Client Will Have
A fully designed family office structure — governance framework, entity structure, and investment policy defined and ready for build-out.
Governance Defined
Entities Structured
Investment Policy Set
Reporting Framework Ready
Design Complete ✓
Week 1–2
Week 3–4
Week 5–6
Week 7–8
Week 9–10
Week 10–12
Emanay Advisors
Build-Out Coordination
Advisors
Staffing & Vendor Selection
In-house hires and outside vendors selected against the staffing plan
Advisors
Onboarding Coordination
All divisions and vendors coordinated through a single build-out timeline
Advisors
Family Meeting Cadence
Family meeting and governance review cadence established
Advisors
Reporting Cadence Confirmed
Reporting frequency and format confirmed with the family
Advisors
Team Training
Family office staff trained on systems, governance, and reporting
Advisors
Go-Live
Family office operational and running on the new structure
Live
Emanay Accounting
Systems & Reporting
Accounting
Entity Onboarding
All entities onboarded to the consolidated accounting system
Accounting
Historical Data Migration
Historical financial data migrated and reconciled
Accounting
First Consolidated Close
First consolidated monthly close run across all entities
Accounting
Tax Filing Calendar Set
Multi-entity, multi-jurisdiction tax filing calendar established
Accounting
Reporting Dashboards Live
Consolidated net worth and performance dashboards live
Accounting
Go-Live Reporting
First full family reporting package delivered
Delivered
Emanay Law Group
Entity & Compliance Build-Out
Law Group
Entity Registration
New entities registered and EINs obtained
Law Group
Bank / Custodian Support
Support for opening bank and custodian accounts under new entities
Law Group
Trust Funding
Trusts and holding entities funded per the governance plan
Law Group
Insurance & Risk Review
Liability, property, and key-person insurance reviewed and coordinated
Law Group
Compliance Calendar Set
Ongoing regulatory and entity compliance calendar established
Law Group
Go-Live Legal Sign-Off
All governance and entity documents confirmed in force
Confirmed
Emanay Capital
Investment Onboarding
Capital
Custodian / Platform Onboarding
Investment accounts opened on the selected custodial platform
Capital
Asset Transfer Coordination
Existing assets transferred into the new structure
Capital
Manager Onboarding
Selected investment managers onboarded to the new structure
Capital
Initial Rebalancing
Portfolio rebalanced against the investment policy statement
Capital
Performance Reporting Setup
Investment performance reporting integrated with consolidated dashboards
Capital
Go-Live Investment Oversight
Ongoing investment oversight fully operational
Live
Phase II Outcome — Client Will Have
A fully operational family office — accounts open, assets transferred, systems live, and reporting running.
Accounts Open
Assets Transferred
Systems Live
Reporting Running
Go-Live ✓
Investment Oversight & Reporting
Ongoing portfolio monitoring against the investment policy statement
Manager performance review and rebalancing recommendations
Consolidated net worth and performance reporting
Tax & Compliance Administration
Multi-entity tax filing calendar management
Regulatory and entity compliance tracking
Insurance renewal and risk review
Governance & Family Continuity
Ongoing family meeting facilitation
Succession and next-generation planning
Governance framework updates as the family evolves
The Family Office Practice

Six Service Lines.
One Family Office Team.

Emanay covers the full spectrum of family office setup and management — from entity structuring through investment oversight and ongoing administration — with every service line coordinated by the same team running your family's affairs.

01
Entity & Governance Structuring
Holding entities, trusts, and governance documents designed around your family's goals — not a generic template.
Family constitution & governance framework
Holding entity & trust structuring
Advisory board / investment committee design
SFO vs. MFO model selection
02
Investment Oversight & Manager Selection
An investment policy statement, manager selection, and ongoing oversight built around your family's risk tolerance and goals.
Investment policy statement
Manager & platform selection
Asset allocation & rebalancing
Ongoing performance monitoring
03
Tax & Accounting Infrastructure
Consolidated reporting across every entity, with a tax structure and filing calendar built for multi-jurisdiction complexity.
Consolidated chart of accounts
Multi-entity, multi-jurisdiction tax structuring
Monthly consolidated close
Net worth & performance dashboards
04
Estate & Succession Planning
Succession and next-generation planning built into the structure from day one — not an afterthought at the next generational transfer.
Succession planning documents
Trust funding & administration
Next-generation governance planning
Coordination with outside estate counsel
05
Risk, Insurance & Compliance
Liability, property, and key-person insurance reviewed alongside regulatory and entity compliance — tracked on one calendar.
Insurance review & coordination
Regulatory & entity compliance calendar
Risk assessment across entities
Ongoing compliance monitoring
06
Ongoing Administration & Reporting
Day-to-day family office operations — bill pay, reporting, family meeting facilitation — so the family can focus on the family, not the paperwork.
Bill pay & cash management
Family meeting facilitation
Ongoing consolidated reporting
Vendor & staff management support
The Emanay Ecosystem

One Family Office.
Four Divisions. Zero Gaps.

Every family office engagement is staffed across the full platform — advisory, legal, financial, and investment functions moving in parallel from Day 1.

Emanay Advisors
Governance · Structure · Coordination
Family goals & governance design
Office model selection (SFO / MFO)
Staffing & vendor coordination
Ongoing family meeting facilitation
Emanay Law Group
Entities · Trusts · Succession
Governance & entity documents
Trust formation & funding
Succession planning coordination
Regulatory & compliance calendar
Emanay Accounting
Consolidated Reporting · Tax
Consolidated chart of accounts
Multi-entity tax structuring
Monthly consolidated close
Net worth & performance dashboards
Emanay Capital
Investment Policy · Oversight
Investment policy statement
Manager & platform selection
Asset allocation & rebalancing
Ongoing performance monitoring
01
Discretion
Family matters handled with the same confidentiality and care as any high-stakes transaction.
02
Alignment
Investment policy, tax structure, and governance designed together — not by three disconnected advisors.
03
Continuity
Governance and succession planning built into the structure from day one, not an afterthought at the next transition.
04
Scalability
The infrastructure built for one family scales across generations, additional entities, and new family members.
Family Office Advisory

Why an Integrated Family Office
Beats a Patchwork of Advisors

Most families piece together a wealth manager, an estate attorney, a family CPA, and an investment consultant — each working from a different picture of the family's total wealth.

Patchwork of Advisors Disconnected
✗
No consolidated reporting — net worth scattered across statements from different firms
✗
Investment policy, tax structure, and estate plan designed separately, often in conflict
✗
No unified governance — decision rights and succession left informal or undocumented
✗
Each advisor paid and incentivized differently, with no single point of accountability
✗
Succession planning handled as a one-time event, not an ongoing process
Emanay Family Office Recommended
✓
Consolidated reporting across every entity, updated on one cadence
✓
Investment policy, tax structure, and governance designed together, by one team
✓
Formal governance framework with clear decision rights and succession principles
✓
One point of accountability across advisory, legal, accounting, and investment oversight
✓
Succession and next-generation planning built in as an ongoing discipline
01
Family Goals & Vision
Governance philosophy
Office model chosen
Advisory board designed
Staffing plan set
02
Structure Design
Governance documents
Tax structure review
Investment policy
Reporting framework
03
Entity Formation
Entities formed
Trusts drafted
Succession docs
Structure executed
04
Systems & Onboarding
Entities onboarded
Data migrated
Staff trained
Dashboards live
05
Asset Transfer
Accounts opened
Assets transferred
Managers onboarded
Portfolio rebalanced
06
Go-Live & Ongoing Oversight
Reporting live
Investment oversight
Ongoing governance
Family continuity
Program Investment

Every Engagement Stands Alone.
Every Engagement Scales With You.

Buy exactly the piece you need — a feasibility assessment, a full family office build-out, or ongoing management alone. Fees are scoped in each engagement letter and scale with complexity and assets under oversight.

Stage 1 · Design
Entry · Diagnostic
Family Office Feasibility Assessment
Before you build, know whether a dedicated office makes sense.
Current entity & structure review
SFO vs. MFO cost-benefit analysis
Preliminary governance recommendations
Go / no-go guidance on a full build-out
Flat diagnostic fee · Credits toward a full engagement within 90 days
Entry · Blueprint
Governance & Structure Blueprint
A written plan before you commit to the full build.
Draft governance framework
Recommended entity structure
Draft investment policy outline
Written go / no-go on a full build-out
Flat blueprint fee · Credits toward the full setup engagement
Stage 2 · Build
Tier 1 · Full Setup
Single-Family Office Setup
One family, one fully structured office.
Full governance, entity & investment policy design
Structure through go-live, all four divisions
Systems, reporting, and account onboarding included
Transition into ongoing management at go-live
Fixed setup fee, scoped to entity count and complexity in the engagement letter
Tier 2 · Flagship · By Application
Multi-Family Office / Complex Structure
Multiple family branches, complex entities, or a shared multi-family platform.
Multi-branch or multi-family governance design
Complex entity and cross-jurisdiction structuring
Dedicated build-out team for the duration
Shared services model for multi-family platforms
Scoped project fee + ongoing retainer · By application
Stage 3 · Manage
Tier 3A
Ongoing Family Office Management
Full ongoing administration, reporting, and governance support.
Consolidated monthly reporting
Tax and compliance calendar management
Family meeting facilitation
Ongoing governance and succession support
Monthly retainer, scoped to entity count and complexity
Tier 3B
Investment Oversight Only
For families with existing administration who want independent investment oversight.
Investment policy monitoring
Manager performance review
Quarterly investment reporting
Monthly retainer or basis-points fee on assets under oversight
One picture, every time: the governance framework, tax structure, and investment policy are designed together and reported from the same consolidated system — no reconciling three different advisors' versions of your family's total wealth. Diagnostic and blueprint fees credit toward a full engagement.
Why an Integrated Fee

You're Not Paying
for a Wealth Manager.
You're Replacing Four of Them.

Most families piece together a wealth manager or RIA, an estate attorney, a family office CPA or controller, and an investment consultant — each billing separately, none working from the same picture of your total wealth. Emanay replaces every one of them under a single engagement.

The Traditional Approach
Fragmented · Uncoordinated · Costly
The Emanay Engagement
Integrated · One Picture · Aligned
Separate Vendor #1
Wealth Manager / RIA
Investment management on a portion of assets — typically compensated on assets under management, with limited visibility into your total entity structure.
Typical fee: 0.5% – 1.5% of AUM annually
✗
Emanay CapitalEmanay Capital
Your Investment Oversight Team
Investment policy design, manager selection, and ongoing oversight — coordinated with the full entity structure, not a single account in isolation.
Included in program ✓
✓
Separate Vendor #2
Estate Attorney
Estate planning documents and trust formation — billed hourly, often engaged as a one-time project rather than an ongoing governance partner.
Typical cost: $15,000 – $50,000+ per structure
✗
Emanay Law GroupEmanay Law Group
Your Governance & Entity Counsel
Governance documents, entity formation, trust funding, and succession planning coordinated as an ongoing discipline, not a one-time project.
Included in program ✓
✓
Separate Vendor #3
Family Office CPA / Controller
Bookkeeping and tax filing across entities — often a full-time hire or a fragmented set of bookkeepers per entity.
Typical cost: $120,000 – $250,000+ salary, or per-entity fees
✗
Emanay AccountingEmanay Accounting
Your Consolidated Accounting Team
Consolidated chart of accounts, monthly close, and multi-jurisdiction tax structuring across every entity — one system, one team.
Included in program ✓
✓
Separate Vendor #4
Independent Investment Consultant
Second-opinion investment reviews and manager due diligence — a separate advisory relationship, disconnected from the tax and legal structure.
Typical cost: $50,000 – $150,000+ annually
✗
Emanay AdvisorsEmanay Advisors
Your Family Office Coordinator
A single point of accountability across governance, legal, accounting, and investment oversight — no separate consultant needed to make sense of it all.
Included in program ✓
✓
Traditional Approach — Combined Cost
Fragmented · Uncoordinated · Reconciled by Hand
4 separate advisors, each with a different piece of your family's total picture.
The Emanay Family Office Engagement
Integrated · One Picture · Aligned
One engagement. Every discipline. One consolidated view of your family's total wealth.
One Contact.
Four Teams.
Zero Gaps.
The Family Office Team

ONE TEAM.
EVERY FAMILY, ONE STANDARD.

From structure design to day-to-day management, the same team carries every family office engagement.

Alex Camus
Managing Director · Emanay
Alex Camus
Family Office Setup & Management

Alex is the point of contact for every family office engagement at Emanay — from governance design and entity structuring through day-to-day administration and reporting. On every mandate, Alex coordinates Advisors, Law Group, Accounting, and Capital into one consolidated view of the family's structure, investments, and long-term plan.

Every family office runs through Alex's direct oversight, coordinated in real time across all four divisions rather than handed off between disconnected advisors.

1
Point of Accountability
4
Divisions Coordinated
SFO
or MFO, Either Way
1
Engagement Letter, Every Family
Emanay Advisors  ·  Family Office Setup & Management
Sal Marciano
Family Office Lead · Emanay
Sal Marciano
Family Office Setup & Management

Sal leads day-to-day structure design and ongoing administration for every family office engagement, working alongside Alex on governance and long-term strategy for each family.

Ready to Structure or
Professionalize Your Family Office?

Review the proposal for a full breakdown of scope, timeline, and fees — or reach out to the emanay team with any questions first.

View Proposal