FAs Weigh In: Should the Family Business Stay in the Family?
In this press feature, Presilium CEO Jerry Davidse discusses how advisors help family business owners decide whether to keep a business in the family or sell to an outside partner. He notes Presilium has guided both successful generational transfers and outside sales, facilitating the conversations that lead to the right decision.
In this press feature, Presilium CEO Jerry Davidse discusses how advisors help family business owners decide whether to keep a business in the family or sell to an outside partner. He notes Presilium has guided both successful generational transfers and outside sales, facilitating the conversations that lead to the right decision.
Key takeaways
- Whether to keep or sell a family business depends on each family's goals, not a single right answer.
- Presilium has guided both successful generational transfers and sales to outside partners.
- A trusted advisor helps facilitate difficult succession conversations within a family.
- Succession planning blends business exit, estate, and family-legacy considerations.
“At Presilium, we have seen businesses successfully pass from generation to generation and others where it made sense to sell to an outside partner so the family could pursue a different passion. As their trusted advisor, we are able to facilitate these conversations and help them make the right decision.” Jerry Davidse, CEO of Presilium Private Wealth
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