Inclusive of ABLOC and home equity · as of 7/21/26 night · $850K home FMV pending kitchen/MBR floor completion
TIE Fund Balance
$66,793
↓ from $71,904 (Q2 close)
Net of ABLOC interest service + MBR/kitchen flooring & labor draws
SPCX Position
$123.54
↑ 3.08% on the day
204 sh · Holding through Aug 4 earnings + Aug 6 lockup unlock · no add planned short-term
C-Suite Briefing — July 22, 2026
MB
Marcus Banks
CIO — Investments & Financial
SPCX at $123.54 (+3.08% on the day) — confirmed live, not the stale $145.30 print carried from July 11. Two distinct dates, not one: Q2 2026 earnings post after close Tuesday, August 4; the insider lock-up unlock (up to 20% of eligible shares, ~911.5M shares) opens two trading days later, August 6. Todd's call this session: hold off adding until after earnings and the resulting price move — no add planned unless the print materially exceeds expectations.
ABLOC balance: $99,684. No draw-increase decision pending right now since the SPCX add is off the table short-term — the §163(d) interest-limitation concern from July 11 is moot for the moment, not resolved.
TIE Fund: $66,793 (down from the $71,904.25 Q2 close), net of ABLOC interest service plus MBR and kitchen flooring/labor draws — detail routed to Diana for the capital improvement ledger.
DT
Diana Thorn
CTO — Tax, Trust & Estate
Stacy's paystub still pending — Todd asking again today; her recent raise should be reflected on the latest check, which will matter for the deferred-comp % recalculation once it lands. Q3 safe-harbor analysis and the ABLOC-interest-rate re-run both stay blocked until then, per Todd's standing instruction.
Net worth ~$8.7M as of last night — Todd's convention confirmed: CPA mark-to-market, always inclusive of ABLOC and home equity, never portfolio-only. Home FMV marked to $850K via comps ($/sq ft, lot size, views, condition), $25K above the $790K purchase basis — this clears once kitchen and MBR flooring are installed.
FMV vs. cost basis — two separate tracks. The $850K net-worth mark and the ~$800–802K Section 121 adjusted cost basis will diverge and both are correct; they answer different questions and shouldn't be reconciled against each other.
Remaining renovation spend, for the capitalization schedule once actually incurred: kitchen cabinets/countertops ~$7,500, garage floor ~$1,000. Pool heater/grill gas line service flagged as a facilities item, not capital improvement.
RJ
Raymond Jowell
CLO — Legal Affairs
Estate document currency review — unblocked July 11, still unscheduled. Ten days with a clear path (Sanford stay-put decision resolved the prior gate) and no session activity yet. Todd meeting 1:1 today to walk through outstanding items, including this one.
Prenup Schedule A / new-home addendum remain fully and permanently closed — no further tracking needed there.
Heir account (Marissa) status unchanged — confirmed unlocked per Todd's explicit instruction, credential intentionally kept off any WFO system of record.
MG
Maxwell Gaines
CHO — Health & Longevity
Bloodwork moved to mid-August (third retarget from the original EOM-July window) — Todd's call, to clear home-reno work and a family visit July 9–11 first. Cardiac calcium rescan follows shortly after. Flagging plainly: worth a quick check that the rescan window itself has slack before locking mid-August, since it's been described as time-sensitive twice before.
Cologuard in progress — reasonable interim screen given a clean colonoscopy 7 years ago; doesn't replace the eventual colonoscopy at the 10-year mark.
GI symptoms improving — Todd isolating one variable at a time (magnesium off one week, fish oil moved to evening dosing) rather than changing multiple things at once. Holding interpretation until another week or two on fish oil timing alone.
PN
Preston Novellis
CINO — News, Politics & Macro
Reporting cadence changed this session: per Todd's direction, macro moves to exception-only reporting — a one-line "no material change" note on quiet weeks, full six-point treatment only when a real threshold is crossed (rate surprise, Iran escalation, CPI beat/miss, portfolio-relevant binary event). Todd reserves the right to reverse this.
This week qualified as active: SPCX's binary event is now dated and confirmed (Aug 4 earnings, Aug 6 unlock). June CPI came in cooler than consensus on both headline and core, easing faster than the April oil-shock spike suggested it would. Fed odds diverge by source — CME prices ~63% no-change / ~37% hike for July 28–29; Polymarket's implied hike odds crashed to ~8% post-CPI. September odds run hotter (~51% for a 25bp hike) — market read is "hold now, hike later," not done tightening.
Oil holding $84–85/bbl, still up roughly a third from post-ceasefire lows — a live tension against the cooling CPI print, not yet resolved.
VC
Vivienne Craft
SVP, Creative & Lifestyle
KROQ Podcasts — confirmed running correctly from Todd's own listening; prior open item on scheduling gap closed on his say-so, not carried forward as unresolved.
Kitchen and MBR flooring are the last big spend before completed-room photos go to Todd — cabinets/countertops ~$7,500 remaining (Diana has the figure), then garage floor (~$1,000). Finish level has been consistent with scope from the start; no aesthetic concern about the $850K FMV mark holding once flooring lands.
Vincent Drolly's leave-of-absence review — put on hold. Todd's read: hasn't missed him during the leave. Decision on reinstating the standalone Director of Comedy role circled back for after his return, rather than decided in the abstract now.
VC
Vivienne Craft
Research Memo — AI Avatar Video for AIM Wealth Group
The referenced video is affiliate marketing, not neutral. "How To Make a Realistic AI Video Podcast With NotebookLM" carries an affiliate referral link to JoggAI in its description — treat the claimed ease-of-use with the same skepticism you'd give any sponsored review.
Correction to the premise: NotebookLM doesn't create a personal avatar of you or James — it generates scripts and narrated/Cinematic explainer videos from source documents. The actual avatar cloning happens in JoggAI, a separate product.
JoggAI cost: roughly $15–19/mo (Starter, ~10 videos/mo) up to $36–49/mo (Creator, custom avatars, up to 15-min videos). Verify current pricing at jogg.ai/pricing before committing.
Realism: genuinely impressive in English with strong lip-sync, but reviewers flag occasional "uncanny valley" moments and awkward body movement — good, not flawless.
Reliability concern: multiple reviews describe JoggAI retroactively tightening "unlimited" terms on early lifetime-deal buyers — start with a cheap monthly plan, not an annual or lifetime deal.
Recommendation: pilot small — one script via NotebookLM, one test video via JoggAI's cheapest paid tier — before any bigger commitment. Worth a disclosure-norms pass from Raymond too.
Welcome to the Welch Family Office portal. This is where you'll find documents and information specific to you.
Use the Documents tab above to view or download anything filed under your name. If you have open action items assigned to you, they'll appear under Action Items. If something you're looking for isn't there, reach out to Todd directly.
Action Items
Outstanding tasks with owners and due dates
Open Action Items
Calendar
Family office events, deadlines, and key dates
Google Calendar — Not connected
Documents
Stored on Welch Family Office NAS · welchfamilyoffice.synology.me
Files served from /web/documents/ (absolute paths)
Add files via Synology File Station
C-Suite Scorecard
Quarterly KPI tracking — owned by James Calloway, CEO
Aggregate Progress — Todd's Core Goals
Updated quarterly
Net Worth
~$8.45M
↑ Trending up
VO2max (corrected)
~46
↑ Superior tier
TIE Fund Utilized
$0 / $72,197
→ Not yet drawn
Action Item Completion
—
Baseline pending
MB
Marcus Banks
CIO — Investments
AAPL Concentration35%→
Loss Harvest Capture Rate—→
Directive Follow-Through—→
IPO Trigger DisciplineOn track↑
DT
Diana Thorn
CTO — Tax, Trust & Estate
Effective Tax Rate YoY—→
NIIT Exposure Minimized~$1-3K→
Safe Harbor AccuracyPending→
Roth Conversion Readiness2027↑
RJ
Raymond Jowell
CLO — Legal
Open Action Items2↓
Document CurrencyCurrent↑
Missed Hard Deadlines0↑
Dylan SSI Milestone ProgressIn progress→
MG
Maxwell Gaines
CHO — Health & Longevity
VO2max Trend~46↑
HRV TrendRecovering↑
Appointment On-Time Rate—→
Bloodwork vs. Target RangePending July→
PN
Preston Novellis
CINO — Macro & Intelligence
Macro Call Calibration—→
Risk Flags Actioned—→
Legislative Tracking Accuracy—→
VC
Vivienne Craft
SVP Creative & Lifestyle
Recommendations Used—→
Music Tracks Completed—→
Station Build ProgressArchitecture set↑
SM
Dr. Serena Mindes
SVP Mental Health
Weekly Summary DeliveredOn track↑
Communication CoherenceStable→
VD
Vincent Drolly
Director of Comedy
Laughs GeneratedImmeasurable↑
Compensation RiskTied to QQQ→
Scorecard owned and maintained by James Calloway, CEO. Updated quarterly. Metrics marked "—" are awaiting first full quarter of data collection. Each KPI is scoped to outcomes within that team member's actual control, not market performance they can advise on but not dictate.