Multi-Family OfficeRIA · CRD 268825SEC-Registered

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Delphi Wealth Partners

Mark Bissell launched Delphi Wealth Partners in 2018 after a career that included roles at Bank of America and Wells Fargo, where he advised families on...

Delphi Wealth Partners

Mark Bissell launched Delphi Wealth Partners in 2018 after a career that included roles at Bank of America and Wells Fargo, where he advised families on credit, liquidity, and alternative investments. The firm was purpose-built as a multi-family office serving a small number of ultra-high-net-worth families, with a deliberate bias toward direct sourcing over fund-of-funds aggregation. Unlike large wealth managers that layer platform fees onto underlying manager fees, Delphi's model relies on a lean team negotiating co-investment and direct-deal access alongside its client base. The firm allocates across private credit, direct real estate, hedge fund strategies, and private equity, with a secondary focus on healthcare services. Known geographic concentration is in the United States, though the firm has indicated opportunistic appetite for select developed-market deals. Delphi's private credit activity includes bridge lending and asset-backed structures, often alongside other single-family offices that share origination networks. In real estate, the firm pursues multifamily and industrial properties, typically in joint ventures with established regional operators. Delphi operates from a headquarters in Wilmington, Delaware, and has not publicly disclosed total assets under advisement or aggregate deployment figures. The absence of publicly listed assets under management is consistent with a firm that deliberately structures itself outside the traditional reporting requirements of a registered investment advisor marketing to a broad retail or institutional base. Adjacent vehicles — such as a philanthropic foundation or a dedicated operating company — have not been confirmed through public record. As of 2025, the firm continues to operate without a public-facing LinkedIn company page, relying instead on direct intermediary relationships and private co-investor networks for deal flow. Delphi's structural differentiator is its rejection of the large-RIA playbook. Rather than building a book of hundreds of client households, Bissell has kept the client count deliberately small to preserve negotiating leverage on direct deals. This architecture means the firm's economics are tied to per-deal performance and long-term retainer relationships, not to recurring fees on a swelling base of assets, aligning incentives closer to a traditional European-style family office than a US wealth management aggregator.

General information

Firm type

Multi Family Office

Year founded

2018

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Wilmington

Corporate office

Wilmington, DE, United States

Principals

Mark Bissell

Managing Partner & Founder

Sector focus

Real EstatePrivate CreditHedge FundsPrivate EquityHealthcare Services

Frequently asked questions

Who runs investment decisions at Delphi Wealth Partners?

Mark Bissell, as founder and managing partner, leads investment decisions alongside a lean internal team. Bissell's prior advisory experience at large US banks gave him a credit and liquidity lens that permeates the firm's direct-deal underwriting. The specific investment committee structure has not been detailed publicly.

How does Delphi source its direct deals?

Delphi leverages its principal's banking network and co-investment relationships with other single-family offices to source direct private credit and real estate transactions. The firm avoids broad auction processes, preferring negotiated bilateral or small-club deals that reward relationship capital over the highest bid.

Is Delphi structured as a single family office or a multi-family office?

Delphi Wealth Partners operates as a multi-family office serving a deliberately small number of ultra-high-net-worth families. The firm's co-investment model means multiple client families often participate side by side in the same direct transaction, a structure that differs from single-family offices managing one pool of capital.

Does Delphi participate in fund commitments or only direct deals?

Delphi allocates across both direct deals and select fund commitments, with a preference for direct private credit and real estate transactions where the firm can negotiate terms directly. For hedge fund and private equity exposure, the firm uses fund structures but favors managers willing to offer co-investment rights or custom fee arrangements.

Why does Delphi Wealth Partners not publicly disclose its assets under management?

The firm's small-client-count, direct-deal model means it operates outside the reporting conventions of large registered investment advisors that market publicly available funds. Its client families have not required public asset-level disclosure, and the firm's capital-raising is relationship-driven rather than dependent on public track-record marketing.

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