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May 13, 2013

Every family has secrets. Trouble comes when families collude rather than talking honestly to each other about them.

Every family has secrets. Trouble comes when families collude rather than talking honestly to each other about them. When family members are in business together or are connected financially, those secrets often interfere not only with family relationships, but with the family business, foundation and even the family office as well.

November 12, 2009

Finding the right advisor for your family office is still one of the most difficult issues wealthy families must address, according to a family wealth expert.

Finding the right advisor for your family office is still one of the most difficult issues wealthy families must address, according to a family wealth expert.
 
"One of the toughest issues for wealthy families is to identify trusted advisors that can support them through the myriad of issues they will face – financially, personally, philanthropically and with their families," said Randy Ottinger, author of Beyond success: building a personal, financial and philanthropic legacy.
 

September 17, 2009

In the US, if you are a wealthy individual, you would not walk across the road without taking your lawyer, tax advisor, accountant and therapist with you. The wealthy Asian individual, however, will walk across the road on his/her own.

In the US, if you are a wealthy individual, you would not walk across the road without taking your lawyer, tax advisor, accountant and therapist with you. The wealthy Asian individual, however, will walk across the road on his/her own writes Christian Stewart.

Asia has a different culture in terms of the use of external professional advisors, and this has some impact on the succession process. For example, most Asian families do not have a family shareholders agreement or "exit plan".    

April 27, 2009

It is clear that 2009 is shaping up to be a year of roiling markets, unpleasant investment surprises and difficult choices. How should the family business relate to the markets to
prosper in these turbulent times? Make a vow to get involved with your investments.

It is clear that 2009 is shaping up to be a year of roiling markets, unpleasant investment surprises and difficult choices. How should the family business relate to the markets to prosper in these turbulent times? Make a vow to get involved with your investments.

August 11, 2008

Families in Business conducted an online reader survey to uncover the biggest challenges that philanthropists are currently facing.

Last month, Families in Business conducted an online reader survey to uncover the biggest challenges that philanthropists are currently facing. Read through the results to see what we uncovered. Click here to read the main article.

August 7, 2008

A UK business school is launching a programme dedicated to business education for advisors to family businesses.

A UK business school is launching a programme dedicated to business education for advisors to family businesses.

Bristol Business School, part of the University of the West of England, has created a joint venture with the International Centre for Families in Business (ICFIB) to develop an 18-month part time programme, the Postgraduate Certificate in Family Business Advice.

September 1, 2006

At 72 years of age, Nils Larson thought it was too soon to begin the transition of his family’s publishing house to the fourth generation.

At 72 years of age, Nils Larson thought it was too soon to begin the transition of his family's publishing house to the fourth generation. He believed no-one in the business was qualified to take over his duties as publisher and CEO. Despite the urgings of family members on the company's board, Mr Larson took solace in the fact that his good friend and general practice attorney, Fred Wertheimer, was not pressing him to act.

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