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April 8, 2016

Family businesses claim superiority due to their long-term orientation. Nowhere is this more evident than their treatment of people

On a cold, rainy February night, I connected through New York’s La Guardia Airport. The plane stopped short of the gate, and the passengers walked down steps to the tarmac to collect our gate-checked bags and walk about 200 metres in the rain to the terminal.  This is the airport for America’s greatest city, I thought, yet it is clearly suffering from neglect.

December 11, 2015

Donald Trump isn’t the first family business owner to ever run

for public office, but he’s certainly been the most vocal

It’s one thing to push your family’s political interests behind the scenes – using Super PACs and K Street lobbyists. But to intentionally position yourself under the harsh spotlight of a political campaign is something altogether different.

December 10, 2015

On a recent trip to Australia I met an entrepreneurial couple who talked about the annual cash flush they provide to their children. When digging deeper the conversation touched on topics of ‘how much is enough’ and ‘how to keep them responsible citizens in their communities despite the money’. In our advisory work we often get involved in such discussions. Conflicts in families mainly centre about two issues: power (who leads the family company) and money (who gets how much access to cash). Let’s focus on the money for now.

On a recent trip to Australia I met an entrepreneurial couple who talked about the annual cash flush they provide to their children. When digging deeper the conversation touched on topics of ‘how much is enough’ and ‘how to keep them responsible citizens in their communities despite the money’. In our advisory work we often get involved in such discussions. Conflicts in families mainly centre about two issues: power (who leads the family company) and money (who gets how much access to cash). Let’s focus on the money for now.

November 13, 2015

Operating businesses are often the lifeblood of family offices and most offices can trace their wealth back to a successful enterprise. So one lesser-lauded finding from the Global Family Office Report 2015 that caught my attention was the number of family offices that still had an interest in an operating business. 

Operating businesses are often the lifeblood of family offices and most offices can trace their wealth back to a successful enterprise. So one lesser-lauded finding from the Global Family Office Report 2015 that caught my attention was the number of family offices that still had an interest in an operating business.

October 30, 2015

What purpose does your family’s wealth serve? In our Q&A series, Emily Griffiths-Hamilton explains how her ‘family bank’ uses fun to focus on human and intellectual capital (as well as financial assets) and pass on the right values to the fourth generation.

What purpose does your family’s wealth serve? In our Q&A series, Emily Griffiths-Hamilton explains how her ‘family bank’ uses fun to focus on human and intellectual capital (as well as financial assets) and pass on the right values to the fourth generation.

September 30, 2015

Families can face a deluge of competing challenges when managing their wealth which is why successful families rely on an ‘expert generalist’ to safeguard their interests. Linda C. Mack and Michael Zeuner outline why the role of a family office “quarterback” is vital to families, what to look for in an ideal candidate, and where to look.

Families can face a deluge of competing challenges when managing their wealth which is why successful families rely on an ‘expert generalist’ to safeguard their interests. Linda C. Mack and Michael Zeuner outline why the role of a family office “quarterback” is vital to families, what to look for in an ideal candidate, and where to look.

August 14, 2015

Are you able to answer what purpose your wealth has? In this Q&A, the first in a regular series, Charles Lowenhaupt reflects on how family wealth has enabled a generational tradition of helping and counselling others – while reaching self-actualisation in the process. 

Are you able to answer what purpose your wealth has? In this Q&A, the first in a regular series, Charles Lowenhaupt reflects on how family wealth has enabled a generational tradition of helping and counselling others – while reaching self-actualisation in the process. 

July 30, 2015

When it comes to handing over the reins to successors, the odds are stacked against family businesses. Around 70% of families fail to properly pass their business or wealth to the next generation. One of the biggest reasons is that half of families lack a succession plan: a process for identifying and nurturing people to become leaders in the business.

When it comes to handing over the reins to successors, the odds are stacked against family businesses. Around 70% of families fail to properly pass their business or wealth to the next generation. One of the biggest reasons is that half of families lack a succession plan: a process for identifying and nurturing people to become leaders in the business.

July 10, 2015

What’s the forecast for family businesses in America? If it were a weather bulletin it would be a generally sunny outlook but with a persistent chance of showers. 

What’s the forecast for family businesses in America? If it were a weather bulletin it would be a generally sunny outlook but with a persistent chance of showers. That’s the way one family business leader put it to me when confidentially discussing his own – multi-billion, multi-generational – mid West-based manufacturing business.

Of particular concern to this patriarch was handing the business over to the next generation.

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