When planning for your family, you prepare, consult with experts, save, and make plans for your child’s future.
The same is true in running your business; they are, in many ways, parallel experiences.
March 22, 2023 11:00 AM Pacific Time / 2:00 PM Eastern Time
In this webinar, Abbey Flaum, Managing Director – Family Wealth Strategist at Homrich Berg will share her insights on these parallels and a few tips for business succession.
Overall, succession planning is an important part of ensuring the long-term success and sustainability of a business, particularly for family-owned businesses that have a unique set of challenges and considerations. A well-planned succession strategy can help ensure that the business is well-positioned to thrive for years to come.
Transitioning a family business to younger generations can unmask strengths and weakness that can ultimately result is the success or failure of the business.
About Homrich Berg
One of the 50 largest registered investment adviser (RIA) firms in the country based on assets under management, HB was a pioneer when we founded our firm in 1989 with a focus on serving clients with a fiduciary approach. We have grown to serve clients in over 45 states from our home base in metro Atlanta and now have 38 principals and more than 175 employees. We have kept our core values constant and kept our focus on our clients even as we have continued to be a pioneer in using technology and expertise to find new ways to provide great service to our clients. A key part of our success is attracting great people who enjoy our culture and our approach. We have received many awards over the years, but we are most proud of our 98%+ client retention rate*. Community is important to HB, as we give our time and resources to help make a difference.
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The need for fact-based reporting of issues important to multi generational businesses and protecting a lifetime of savings has never been greater. Now more than ever, multi generational businesses and family businesses are under fire. That’s why Policy and Taxation Group is passionately working to increase the awareness of issues important to generationally-owned family businesses built on hard work, while continuing to strengthen our presence on Capitol Hill. Those issues include Step Up in Basis, gift tax, Valuation Discounts, Capital Gains Tax, Income Tax Rates, Wealth Tax, & Estate Tax (death tax).
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