About Me

David C. Wells, Jr.

Strategist – Adviser – Author

David has loved using strategic insights to drive organizations forward for as long as he can remember.  Across his background as a 4x entrepreneur, board member of for and not-for profit organizations, and an author, his focus is on helping to clearly distill the questions organizations face and then formulate an appropriate response.

David began consulting after founding his first company in high school helping businesses with technology.  Since then, he has helped build organizations of all types including:

  • Large, multi-national financial services firms
  • Private equity funds
  • Regional wealth management firms
  • Education focused non-profits

In 2019, he founded Family Capital Strategy to work with family members and executives of family offices / family-owned companies to help them think strategically about wealth and build world-class family wealth management organizations.  Prior to founding the firm, David was a partner at a large asset management firm in Nashville after spending many years as a fundamental investor and analyst.

David has and continues to serve in a broad range of governance roles.  David is the Chairman of the Board and Chairman of the Investment Committee for the private trust company of a 75 member Midwestern family.  As well, he currently serves as Chairman of the Board of Nashville Classical Charter School, one of the top-performing schools in the state of Tennessee.   He is also on the Board of 21/64, a national practice advising family philanthropies.

An Eagle Scout, David is a graduate of Wake Forest University, magna cum laude, Beta Gamma Sigma.  He has completed executive education course work on Family Business Governance at Northwestern University’s Kellogg School of Management.  Additionally, he is a Chartered Financial Analyst (CFA) charter holder.  He is also a 21/64 Certified Advisor for those who work in an advisory role with multi-generational families.

He was recognized in 2017 as one of Nashville’s Forty under Forty and in 2019 as a recipient of a Nashville Emerging Leader Award – Financial Services Industry. In 2020, he was recognized by the Nashville Post as part of their All Star Board.

Filler
Abbreviated Bio

With over 15 years of experience conducting strategic and investment analysis, David founded the firm in 2019. Previously, David was a Partner at a ~$900MM Registered Investment Advisor where he worked closely with families and institutions at the intersection of investment, strategy and governance. David has and continues to serve in a broad range of governance roles. David is the Chairman of the Board and Chairman of the Investment Committee for the private trust company of a 75 member Midwestern family. He was recognized in 2017 as one of Nashville’s Forty under Forty and in 2019 as a recipient of a Nashville Emerging Leader Award – Financial Services Industry. In 2020, he was recognized by the Nashville Post as part of their All Star Board.

Connect with David

Over 3,000 followers across these social media profiles and Fifteen on Friday, his weekly newsletter.

 

The Book

When Anything is Possible

Wealth and the Art of Strategic Living

However wealth arrives, whether made or inherited, it can be a disorienting and worrying experience.  There are a new set of nearly limitless choices to be made with limited guidance on how to make them.  Moreover, you may feel as if you face those choices alone, if  friends, peers, and family are not in similar financial circumstances.  What to do?

When Anything is Possible is the guidebook about how to engage strategically with wealth.

Media Appearances

Filler
Jan 2020 - Guest Post - ValueWalk

Guest post on ValueWalk here

Dec 2020 - Guest Post - CEO World Magazine

Recently, I was asked to guest post over at Ceoworld Magazine – post here. The focus of the piece was on why corporate strategy efforts are often a waste of time and why family owned companies often have indigestion about even discussing ‘strategy,’ as so-often strategy means no longer entrepreneurial /nimble.

Dec 2020 - Guest Interview - The Natasha Hall Show

Interview on The Natasha Hall Show in Montreal

July 2020 - FCS Founder Named to Nashville Post’s 2020 All-Star Board

Family Capital Strategy is pleased to announce that Founder, David Wells, was named recently to Nashville Post’s 2020 All-Star Board.  The Nashville Post’s announcement and profile of David are available here.

Nashville Chamber of Commerce - 2019 Emerging Leader Award - Financial Services Winner

Selected in 2019 as a NELA winner for the Financial Services industry.  Announcement and coverage here

Nashville Business Journal - 40 Under 40: David Wells

Read more here

Podcast

Interviews

Filler
Jan 2020 - Podcast Guest - Avoiding Shirtsleeves to Shirtsleeves

I was a podcast guest on Frazer Rice’s “Wealth, Actually” podcast.   We discussed my new book and how families can avoid the shirtsleeves to shirtsleeves proverb.  Replay is available here

Dec 2020 - Colloqium Podcast Interview

Interview with Brian Adams and the Colloquium Podcast – listen here

March 2020 - Private? Public? Or Both? Where to deploy capital in the midst of COVID-19?

The outbreak of COVID-19 has left the stock market extremely volatile, introducing a level of uncertainty that’s unlike anything we’ve ever experienced. With each day drastically different than the next, investors are left asking ”what should I do now?” Do I stay invested, possibly even increasing my exposure to the capital markets, or is now the time to reallocate to less-correlated private equity offerings?

Excelsior Capital President and Founder, Brian Adams will be joined by David Wells, Founder of Family Capital Strategy for a live discussion to determine what steps should be taken going forward.

Watch the replay here

Interview – Family Business Today Podcast – Family Governance

Speaking

David regularly speaks with diverse audiences at conferences, family summits, seminars, and on panels.  If you have an upcoming event, please contact us to learn more.

Filler
December 2020 - Webinar - Your Wealth After the Pandemic

After a year like 2020, how should you begin to think about the future and potential implications on your wealth?

The place to begin is with 2 problems underlying how humans approach change. Only by understanding those two, can you make a plan of how to go forward

Replay available here

Nov 2020 - YPO Webinar - Strategic Planning & The Family Enterprise

Families enterprises pride themselves on nimbleness and responsiveness to opportunity. Strategy as it is typically thought of seems stale for a dynamic marketplace – too many day-long retreats producing lengthy binders that are never touched again. We will look at:

  • What is strategy and what it is not?
  • How is it different in a family enterprise?
  • Why every family enterprise needs one
  • Obstacles to building a strategy within families
Aug 2020 - 21/64 - Family Office Gathering

Spoke regarding strategy of family offices in 2020

March 2020 – Panelist – Family Office Connect 2020

Family Offices 101 – What is an Effective Family Office

at Family Office Connect 2020

Moderator – South Eastern Family Office Forum – “After Liquidity – What’s Next?”

Moderated discussion at South Eastern Family Office Forum

Keynote – Exit Planning Institute – “The Path of Prudence at the End of the Market Cycle”
Speaker – Consumption, Hospitality, and Wealth
Panelist – South Eastern Family Office Forum – “Passing Values Through the Generations”

Join My Newsletter

A little over 8 years ago, I started curating Fifteen on Friday for a small group of friends. Over time, the list has continue to grow and expand, and remains a labor of love.

From business to culture, technology to design, finance to entertainment, each week Fifteen on Friday sources the most thought-provoking articles to help us all live life well and well-informed. Enjoy.