Family business qualities such as a sense of identity, tradition, and long-term vision are potent drivers of success and endurance. Yet, tradition can also become a barrier to innovation — another key factor in …
When families plan their financial future, the conversation often focuses on assets — properties, businesses, investments, and valuable holdings. Yet wealth is only one side of the equation. Liabilities are an equally crucial yet …
Family business transitions represent one of the most complicated aspects of wealth management. They demand careful consideration of multiple factors, each with its unique challenges. At The Cecily Group, we help families successfully navigate …
Advising family businesses requires a sensitive and nuanced approach. Advisors can become trusted confidants who help bridge gaps between personal relationships and business objectives, due to the tendency of family businesses to exclude non-family …
In financial reports, key performance indicators (KPIs) are essential tools for families and family offices managing multi-generational wealth. These metrics offer critical insights into financial health, performance, and risk, enabling informed decision-making and alignment …
Philanthropy is a meaningful way for families to create a lasting impact. It provides an avenue to give back to society, reflect on core values, and build a legacy rooted in care and responsibility. …
Financial reporting and analysis remain indispensable tools for high-net-worth individuals (HNWIs) and their families. These practices form the foundation for informed decision-making, enabling families to preserve and grow wealth while mitigating risks. In this …
Family enterprises face unique challenges at the intersection of personal relationships and business objectives. In these enterprises, trusted advisors—especially Most Trusted Advisors (MTAs)—play a crucial role in navigating complex dynamics, from governance and succession …
Family enterprises, with their unique blend of personal and business dynamics, benefit immensely from setting shared family goals. Clear goals help align family members’ interests, prevent wealth fragmentation, and create transgenerational value. Involving all …
Wealth fragmentation poses significant risks for multigenerational family enterprises. As family wealth is passed down to successive generations, the number of individuals sharing that wealth increases, leading to the potential dilution of financial resources. …