Introduction In the intricate world of family business, advisors play an indispensable role. Their guidance can steer a company toward success, helping it navigate the unique challenges that come with blending familial relationships and …
Introduction Family business transitions, especially when siblings require financial compensation, represent one of the most intricate aspects of wealth management. These transitions demand careful consideration of multiple factors, each with its unique challenges and …
Introduction In the dynamic world of finance, the ability to navigate through vast amounts of financial information is a crucial skill for high-net-worth individuals and their families. To achieve sustainable growth, it is essential …
Introduction Family businesses are unique and dynamic entities that bring their own set of challenges and opportunities. One of the most important challenges that family businesses face is the need to create a shared …
The Three Types of Family Advisors Academic literature has distinguished three types of advisors in the family business context: the formal advisor, the informal advisor, and the (family business) board member. Advisors differ from …
Family Enterprises have resources at their availability. These resources do not just comprise material wealth, but also “softer” types of capital, like the education of the family members, the contacts and influence of a …
Practitioners in the field often see the “three generations”-rule play out. The rule, also known as the “30-13-3” statistic, states that the first generation builds the business, the second generation looks after it, and …