Family Business Director

Corporate Finance & Planning Insights for Multi-Generational Family Businesses

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COVID-19 Coverage

Family-Owned Real Estate in the Aftermath of COVID-19

Accumulating real estate seems to be a natural strategy for many family business owners. After all, real estate is generally assumed to be less risky than the operating business of the family. Further, so long as the properties have a reasonable range of alternative future uses, the returns to the real estate portfolio often have a low correlation to the returns from the operating business. However, the market data we review in this week’s posts suggests that these assumptions may not hold as well in a pandemic.

Q&A: Five Questions with Ralph Jones

From time to time, Family Business Director will interview family business leaders or experienced advisors to get their perspective on important questions common to family businesses.  In this installment, we talk with Ralph Jones, Executive Chairman of Jones Family of Companies.  Ralph offers great insight that we know our readers will profit from.

Planning & Strategy

The Family Office

Managing Family Wealth Since 27 BC

Educating your family about how your wealth and/or family business is managed is essential for the preservation of your family legacy. In this week’s post, we discuss family offices. Private investment office…  Family business advisor… Single-family office… The name differs and the definition varies greatly depending on whom you ask. But the concept remains the same. Wealthy families often seek assistance to manage their accumulated wealth, organize family affairs, and preserve capital for future generations.

COVID-19 Coverage

A COVID-19 Family Business Reader

Over the past several weeks, we have seen a lot of great content from folks we respect and admire on leading a family business through turbulence, and thought that we would compile a sampling for the benefit of our readers this week.

COVID-19 Coverage Valuation

Coronavirus and the Value of Your Family Business

As family business leaders continue to make hard decisions in real-time against the ever-changing backdrop of the pandemic, their legal and tax advisors would do well to consider whether this is an opportune time for intra-family ownership transfers.  For many family businesses, the current economic uncertainty presents a unique, and perhaps fleeting, opportunity for more tax-efficient estate planning.

Notes from Transitions Spring 2020

Family Culture and Dividend Policy

Family Business Director attended the Transitions Spring 2020 conference in sunny Tampa last week. In this post, we discuss a few recurring themes from the conference.

Jeweler to the 0.1%

The Cartiers: The Untold Story of the Family Behind the Jewelry Empire, by Francesca Cartier Brickell

In this week’s post we discuss, The Cartiers: The Untold Story of the Family Behind the Jewelry Empire written by Francesca Cartier Brickell.

Credit Market Outlook: 2020

Regardless of how much debt a family business operates with, access to credit when it is needed is essential.  In this week’s post, Andy Gibbs describes the key factors affecting banks’ willingness to loan money to family businesses, and provides an overview of what the credit outlook looks like for 2020.

Family Business Director’s Reading List for 2020

Listing the best books one has read over the preceding twelve months is commonplace.  Family Business Director eschews the humble-bragging endemic to such lists.  Instead, we offer a list of four books that we plan to read in 2020.  We confess to reading far more book reviews than actual books, and we selected these books, in large measure, on the basis of generally glowing reviews.  Upon completing each book, we will report back in future posts with our own impressions and takeaways for family business directors.

Family Business Industry Spotlight: Auto Dealer Industry

This week’s post is a part of a periodic series called “Family Business Industry Spotlights.”  In these posts, we will share conversations with our family business advisory professionals who have deep experience working with family businesses in a particular industry.  We think the conversations promise to be of interest to family business directors regardless of their industry.  This week, we talk with Scott A. Womack about the challenges and industry trends facing families in the Auto Dealer Industry.

Q&A: Five Questions with Edward Jackson

Addressing topics such as share redemption programs to the role of non-family directors in a family business, Family Business Director speaks with board member Edward Jackson of H.G. Hill Realty Company for his insights on questions common to family businesses. This post is part of a series of interviews with family business leaders and experienced advisors.

Summer Reading

Family Business Director is off enjoying 4th of July festivities this week. For our readers that are looking for some beach reading, we thought we would direct your attention to some of our more popular posts in case you missed them the first time around.

Family Business Industry Spotlight: Beverage Wholesalers

This week’s post is the first in a periodic series of “Family Business Industry Spotlights.”  In these posts, we will share conversations with our family business advisory professionals who have deep experience working with family businesses in a particular industry.  We think the conversations promise to be of interest to family business directors regardless of their industry.  This week, we talk with Tim Lee about the challenges and industry trends facing families in the beverage wholesaling industry.

Q&A: Five Questions with Dan Hatzenbuehler

From time to time, Family Business Director will interview family business leaders or experienced advisors to get their perspective on important questions common to family businesses.  In this first installment, we talk with Dan Hatzenbuehler, the retired Chairman and CEO of E. Ritter & Company.  Dan offers great insight that we know our readers will profit from.

Five Questions Family Business Directors Should Think About as 2019 Begins

The new year provides a natural opportunity for family business directors to think about the current condition of their family business and ponder what the future might hold.  In this first post of 2019, we identify a handful of questions that family business directors would do well to think about.

Consulting Services

Family Business Advisory Services

Mercer Capital provides financial education services and other strategic financial consulting to family businesses