Tag #Succession Planning

Showing 25 to 28 of 28 results

kathimerini.gr

🌐 75% Global Worthiness

Jan 11, 13:09

Trillion-Dollar Wealth Transfer Faces Generational Challenges

A $90 trillion wealth transfer is projected from the Silent Generation and Baby Boomers to younger generations, posing challenges due to concerns about the younger generation's preparedness and older generations' difficulty in relinquishing control, potentially impacting economic and social structur...

Trillion-Dollar Wealth Transfer Faces Generational Challenges

A $90 trillion wealth transfer is projected from the Silent Generation and Baby Boomers to younger generations, posing challenges due to concerns about the younger generation's preparedness and older generations' difficulty in relinquishing control, potentially impacting economic and social structur...

Progress

36% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

How do the concerns of older generations regarding the preparedness of younger generations impact the planned wealth transfer?

The HSBC Global Private Banking's Global Entrepreneurial Wealth Report surveyed nearly 1,000 affluent entrepreneurs. Over one-third plan to exit their businesses within five years; more than half prefer family succession, especially those with over $10 million in investable assets. However, concerns about children's work ethic, interest in the family business, and skills for effective management are significant obstacles.

theglobeandmail.com

🌐 75% Global Worthiness

Dec 17, 16:14

Lack of Succession Planning Risks Costly Family Business Transitions

A new report reveals that two-thirds of business owners lack succession plans, risking costly disputes and inefficient transitions as over 60% of family businesses are set to change ownership in the next 10 years; proactive planning is crucial for maximizing financial returns and minimizing family d...

Lack of Succession Planning Risks Costly Family Business Transitions

A new report reveals that two-thirds of business owners lack succession plans, risking costly disputes and inefficient transitions as over 60% of family businesses are set to change ownership in the next 10 years; proactive planning is crucial for maximizing financial returns and minimizing family d...

Progress

36% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What are the primary consequences of inadequate succession planning in family businesses, and what percentage of owners currently lack such plans?

Around two-thirds of business owners lack succession plans, highlighting a critical oversight in many family enterprises. This lack of planning can lead to costly disputes and inefficient transitions, especially given that over 60% of family businesses will change ownership in the next 10 years. Experts recommend starting succession planning 10-15 years in advance.

theglobeandmail.com

🌐 85% Global Worthiness

Dec 27, 13:09

Canada's Wealth Management Industry in Flux

Canada's wealth management industry faces a generational shift, with aging advisors leading to increased mergers and acquisitions; technological advancements enable advisors to work across the country, while CIRO works on harmonizing rules around incorporation.

Canada's Wealth Management Industry in Flux

Canada's wealth management industry faces a generational shift, with aging advisors leading to increased mergers and acquisitions; technological advancements enable advisors to work across the country, while CIRO works on harmonizing rules around incorporation.

Progress

32% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

How are technological advancements influencing the geographic reach of advisors and what regulatory challenges are arising?

The evolving landscape is further shaped by CIRO's efforts to harmonize advisor incorporation rules, although complexities in tax, regulatory, and investor protection remain. The increasing demand for comprehensive wealth management services, including financial planning and portfolio management, is prompting advisors to offer integrated solutions. Simultaneously, the industry grapples with the integration of AI-driven investment advice, navigating both opportunities and investor confidence.

forbes.com

🌐 85% Global Worthiness

Dec 10, 22:09

Security Now Central to UHNW Estate Planning

The December 4, 2024, shooting of UnitedHealthcare CEO Brian Thompson is prompting UHNW families and their advisors to integrate personal security into estate and tax planning, leveraging tax-advantaged corporate security programs to protect family members and assets across generations.

Security Now Central to UHNW Estate Planning

The December 4, 2024, shooting of UnitedHealthcare CEO Brian Thompson is prompting UHNW families and their advisors to integrate personal security into estate and tax planning, leveraging tax-advantaged corporate security programs to protect family members and assets across generations.

Progress

40% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What immediate impact does the death of Brian Thompson have on estate planning for UHNW families?

The December 4, 2024 shooting of UnitedHealthcare CEO Brian Thompson has forced a reassessment of executive security, prompting integration of security into estate and tax planning for ultra-high-net-worth (UHNW) families. This shift views security not as a cost, but a core element of wealth preservation and succession planning. Properly structured corporate security programs, as highlighted by Baker McKenzie, offer tax advantages, extending protection to family members while reducing the tax burden.

Showing 25 to 28 of 28 results