Does your family business need our help?
The success of your family business provides wealth for your family. If your family business does not prosper, neither will your family (at least not as a result of your business).
When it comes to the financial health of your family business, wealth management must be a top priority. The ultimate goal for your family business is to build a strong and successful business and also build a cash reserve that can sustain your family for generations to come. With wealth comes the need to responsibly manage and protect it.
The right approach to wealth management
Every family wants to build and protect its wealth. However, Family Business Wealth Management can be a complex undertaking. There are many issues involved in effective wealth management strategies. These include preparing for eventual business succession, estate planning, and various investment strategies. Every family business requires a unique approach to wealth management. This often requires the assistance of a consultant who has extensive experience with developing Family Business Wealth.
What is your family business wealth management plan?
Most family businesses have a similar goal in mind: To preserve and build wealth that will sustain future generations of family members. But despite a common goal, many family businesses run into challenges along the way. Barriers to financial success can be attributed to any number of obstacles. For this reason, it is extremely important to manage wealth in the appropriate manner.
Factors to consider in devising wealth management strategies:
- Investment Choices
- Tax Planning
- Succession Planning
- Managing Risk
- Establishing Family Trusts
Being smart with money
Wealth generated through a family business carries responsibilities that future generations must maintain. The eventual successors of your business must understand their obligation to guard and grow the family wealth for future generations. This means that business successors must be taught how to handle the burden of this responsibility. If your family is wealthy, those in charge must effectively manage the money, or they must understand how to manage the people who manage the family’s money!
Does your family business need help?
Smart Advisory Solutions has extensive experience assisting family businesses in the development of Family Business Wealth Management strategies. With many decades of experience, we understand the wide variety of challenges that families face as they work together to build, grow and sustain a thriving family business generation after generation.
Find out more
For more information on how our Wealth Management service can help your business, please contact us or complete and submit the form below.
We have teamed up with a fellow professional to help families look after their generational wealth and to help empower them to leverage their financial and spiritual capital to live with meaning and purpose. Click here to find out more about Generation Next.
Sanjay Shah, for the years that I’ve known him, has always been a calm, collected, and considered mentor. While often productively committed to various financial, M&A and wealth management projects, Sanjay has always found the time to provide invaluable advice and guidance on strategic and financial topics to assist me in my career. I would recommend Sanjay’s service to anyone who wants an experienced partner in all things Wealth and Finance
I worked with Sanjay for several years before he joined Succession and in his rolls within the group. I have always found him to be hard-working, inciteful, trustworthy and with a keen understanding of the financial services profession. He has managed a complex operation with skill and his approachable management style has been extremely refreshing.
Family business strategy
Business funding solutions
Business succession strategy
Wealth preservation planning
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