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June 18, 2008

People and businesses begin relationships with financial advisors for a range of reasons but to my mind the following two are the most important: to help establish financial goals and aspirations and then to put the necessary plans ...

Bruce Wilson is MD at Helm Godfrey, a firm of ultra high net worth advisors.

People and businesses begin relationships with financial advisors for a range of reasons but to my mind the following two are the most important: to help establish financial goals and aspirations and then to put the necessary plans and processes in place to ensure they are achieved.

June 18, 2008

This year’s annual meeting of Wal-Mart shareholders on 6 June may have ushered in a new era for the world’s largest retailer. A son-in-law, Gregory B Penner, was named to a board seat reserved for family members.

Otis W Baskin is an associate of The Family Business Consulting Group and professor of management at The Graziadio School of Business, Pepperdine University.

May 1, 2008

Let’s suppose that your goal is for one of your children to take over the family business some day. How do your children feel about this?

Let's suppose that your goal is for one of your children to take over the family business some day. How do your children feel about this? It's a truism that most sons and daughters rarely tell their parents what they're thinking if they don't think they'll like the answer. And in a lot of families, where it is assumed that one sibling or another will one day take the reigns, the succession issue is often met with either abject avoidance or subtle placation. Otherwise, it can lead to furious in-fighting if other siblings feel that their value is being ignored or passed over.

March 1, 2008

At some point in the last couple of months, it is likely that many of you would have had exactly the same thought, which inevitably would have led to a quick phone call to their advisor or lawyer: “What do we have sitting in Liechtenstein and is there anything we should be doing about it?”

At some point in the last couple of months, it is likely that many of you would have had exactly the same thought, which inevitably would have led to a quick phone call to their advisor or lawyer: "What do we have sitting in Liechtenstein and is there anything we should be doing about it?"

January 1, 2008

When hurricane Katrina hit New Orleans in 2005, the fortunes of vacuum cleaner manufacturer Oreck Corporation changed dramatically. Like many local businessmen, second-generation chairman Tom Oreck thought he had lost everything.

Bruce Love is editor-in-chief

November 1, 2007

Those of you who keep an eye on the global marketplace will no doubt have made a mental note of the increasing significance of Latin America during the past year. Whether it's Mexican billionaire Carlos Slim – the world's richest man, according to best estimates – that has caught your attention, or the increasing confidence of Brazil as one of the world's foremost emerging markets, the region is most definitely on the up.

September 1, 2007

Marc Smith is acting editor of Families in Business.

I am writing this on the eve of my first visit to the FBN's annual summit in Berlin, which should be a good opportunity to meet some of you – our readers – and listen to such dignitaries as the former German chancellor Helmut Kohl. Dr Kohl oversaw the falling of the Berlin Wall and it is perhaps fitting that the theme of the conference is "The modern family business".

July 1, 2007

Marc Smith is acting editor of Families in Business

It might not have quite the same ring as the summer of love, but there is no doubting the fact that social responsibility is a hot topic in 2007. For businesses, it means evaluating working practices to take account of social, environmental and ethical issues. For investors, it means asking whether social good can be translated into healthy profits.

May 1, 2007

Suzy Bibko
editor

The Windy City. The City of Big Shoulders. That Toddlin' Town. Whatever you call it, it's best known to me as my hometown. Growing up in America's second city (which it still was back then; LA has now taken that title), I didn't realise that so many things I encountered on a daily basis would be such a major part of my world today. Family and family values are important in the midwest, and that is reflected in the fact that so many iconic brands are still owned by Chicago families.

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