In an effort to deliver world-class educational offerings, IMCA provides fresh, compelling, relevant content for the investment consulting and wealth management industry. These offerings are updated monthly and focus on four key topic areas: institutional consulting, wealth management, investment trends, and best practices. Return each month to explore the newest contributions.

Assisting Family Business Succession
Presented by Robert P. Caldwell Jr., Family Firm Resources, LLC, November 5, 2007, at IMCA’s 2007 Advanced Wealth Management Conference in Charlotte, NC.

NOTE—this podcast does not qualify for continuing education credit.

Investment management professionals have an opportunity to help family-owned businesses successfully pass ownership and leadership from one generation to the next. Their often long-standing role as a trusted advisor provides them a platform to speak openly and to provide an honest perspective on the crucial issue of intergenerational succession. Also, by forming alliances with the younger generation, the advisor can continue his or her good work into the future for the benefit of all.

• Seventy percent of wealth transfers fail within the next generation.
• Interpersonal conflicts and misunderstandings often are the cause of the failure.
• There are steps you can take to help ensure your clients are in the successful 30 percent. 

 (File details—Type: MP3; Size: 42 MB; Duration: 1:00:18.)

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