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More Next-Gen Women Taking the Lead in Family Businesses

More Next-Gen Women Taking the Lead in Family Businesses

In 2013, attendees at the Reliance Industries annual general meeting in Mumbai were stunned when a 21-year-old woman took the stage alongside the company’s leadership team. Isha Ambani was joining her father Mukesh Ambani and taking a more active role in the family business, according to India’s Economic Times.

Beating the Third Generation Curse

Beating the Third Generation Curse

German immigrant Bernhard Stroh came to America in 1849 armed with little more than a recipe for making beer. The beer was so popular that he set up a brewery shortly before the First World War. By 1980 it had grown to become America’s third largest beer company. At its height in the 1980s, the Stroh family’s wealth was estimated at $9 billion by Forbes. It was all lost by the early 2000s.

Using a Trust to Support Beneficiaries with Behavioral Problems

Using a Trust to Support Beneficiaries with Behavioral Problems

Using a Trust to Support Beneficiaries with Behavioral Problems A combination of high stakes and amplified social pressure may be putting the next generation of wealthy families at increased risk. Children growing up in households in the highest income bracket face a higher risk of anxiety, eating disorders, drug abuse, depression, neuroses and self harming, according to researchers in the U.K.

Do Hong Kong’s Listed Family-Owned Enterprises Need to Bolster Governance?

Do Hong Kong’s Listed Family-Owned Enterprises Need to Bolster Governance?

A significant number of companies listed on Hong Kong’s stock exchange are owned and operated by families, some of whom face the challenge of bolstering corporate governance or risk losing the faith of a growing number of professional investors. These family-owned businesses are what investors ...

Avoiding the Pitfalls of Succession Planning

Avoiding the Pitfalls of Succession Planning

Besides growing and sustaining a business, the biggest challenge entrepreneurs face is succession planning. Making a decision on succession is as daunting as it is necessary. The complexity is compounded when the business is family owned and the successors are likely to be the next generation.

How to Keep the Next Gen Engaged in the Family Business

How to Keep the Next Gen Engaged in the Family Business

In his book “Family Wealth: Keeping It in the Family,” prolific author and family advisor James Hughes Jr. maintains that family businesses are too preoccupied with taxation and governance when their primary focus should be developing human capital. In other words, he believes families must prepare and mentor the next generation to create leaders that can help the business survive.

The Future of Asian Family Offices

The Future of Asian Family Offices

Asia has been an engine of wealth creation over the last few decades and the number of family offices in the region looks set to grow as that wealth matures. Between 2010 and 2020, the wealth held by high-net-worth individuals (HNWIs) in Asia will grow by 160% to reach a collective $14.5 trillion, according to Julius Baer. Last year, Asia added a new billionaire every second day, 117 in total, and 75% were either Indian or Chinese.

Succession Case Study: Dalian Wanda Group

Succession Case Study: Dalian Wanda Group

Wang Jianlin Founder - Dalian Wanda Group The struggles of China’s richest entrepreneur offer a case study in succession planning for wealthy families and family-run businesses across the world. Billionaire Wang Jianlin, the founder o...

BNP Paribas’ Bank of the West opens private wealth management services in Manhattan aimed at HNWI’s and family offices

BNP Paribas’ Bank of the West opens private wealth management services in Manhattan aimed at HNWI’s and family offices

Bank of the West Wealth Management Group is seeking to leverage the strengths of BNP Paribas’ wealth management services and offer products and services aimed at high net-worth business families in the USA. They have opened their first Manhattan office and, though concentrated in the New York...

What Babson Now Offers Up for The Next Gen Family Office or Family Business

What Babson Now Offers Up for The Next Gen Family Office or Family Business

Babson College in Wellesley, Massachusetts, is one of the top ranking colleges for entrepreneurship education and the college has announced the launch of the Institute for Family Entrepreneurship. It is meant to be a hub for research, resources, and innovative programming dedicated to entrepreneurial students, business families and their family offices.

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