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Knowledge@Wharton
August 27, 2003 |
Family Ties: Succession Seen Through a Successor's Eyes Like monarchies, one of the thorniest problems family firms face is succession. Over the years, academics have explored factors that can smooth the succession process for family firms. A second-generation successor talks about how the process has gone.   |
Investment Advisor
January 2009
Lewis Schiff |
What to Do with the Family Business If your client sells their business, would their children be in a better financial and personal position without the additional role of small business owner? |
Registered Rep.
February 1, 2013
Diana Britton |
Cold Call: Michael Swenson A private wealth advisor with Merrill Lynch's private banking and investment group in Wayzata, Minnesota talks about succession planning in family businesses. |
Investment Advisor
October 2007
Olivia Mellan |
Brother and Sister, Where Art Thou? Some financial advisors think kids from the same family should all get along great. But that is not so. Siblings may share chromosomes, but often have completely different money personalities. |
BusinessWeek
May 13, 2009
Welch & Welch |
Transforming the Family Business When the founder steps aside, implementing change can be a delicate process |
HBS Working Knowledge
March 21, 2005
Stever Robbins |
Prepare Your Own Succession If 39 percent of family businesses passed to a second generation fail, why don't owners plan better for one of the most important events of their lives? In fact, most businesses woefully neglect the long term. |
Financial Planning
October 1, 2011
Matthew F. Erskine |
To Collect and Protect The owners thought estate planning wouldn't take much. With unique assets, things aren't always so straightforward. Owners of such assets - such as family businesses, legacy real estate and valuable art, coin and other collections - need to consider specialized risk management. |
Fast Company
January 2004
Kerry J. Sulkowicz |
The Corporate Shrink Making the most of management-training seminars and conference calls. |
HBS Working Knowledge
August 15, 2005
Mike Roberts |
The Founding CEO's Dilemma: Stay or Go? Professor Noam Wasserman discusses research about founder-CEO succession. |
Registered Rep.
February 7, 2014
Hartley & LeBlanc |
Avoid Family Feuds What causes reasonable human beings to defy the advice of trusted advisors and lose sight of the costs of family fighting, not only in terms of money but vital family relationships and peace of mind? |
Financial Planning
October 2, 2007
Elizabeth O'Brien |
A Dynasty of One's Own When family wealth comes from a family business, the planning can get personal. Here's what financial advisors need to know. |
Fast Company
May 2005
Kerry J. Sulkowicz |
The Corporate Shrink Coping with the agita of a CEO's stepping down... Timing a raise request... |
Investment Advisor
April 1, 2011
Olivia Mellan |
And the Pass Is Incomplete Baby boomers are scheduled to inherit $8.4 trillion from their parents -- but don't expect it all to go smoothly |
Financial Planning
October 1, 2011
Ingrid Case |
Tending Mom and Dad When siblings are unprepared, bickering about responsibility and unsure of one another's desires, skills, financial resources and availability, planners are stepping in to help families sort out their roles. |
Financial Planning
September 1, 2010
Daniel Seivert |
The Nominees Are... It is common for executives of wealth management firms who are in the process of developing succession plans to become bogged down by all of the considerations that go into selecting a potential successor. |
Investment Advisor
December 2006
Mark Tibergien |
Trading Places Succession planning specialists say that only about one out of three family businesses successfully transfer from the first generation to the second. Although family business transfers have not been commonplace among independent financial advisors, this appears to be shifting. |
Investment Advisor
July 1, 2011
John Sullivan |
Finding Success in Succession Planning Whether you're affiliated with a broker-dealer or completely independent as an RIA, proper succession planning helps you realize value long before you walk out the door. |
