Insights from “How to preserve legacy and family unity in business wealth transitions” GLOBE AND MAIL X RICHTER WEBINAR

The wealth transition process within affluent families, especially for entrepreneurs passing on businesses, is both rewarding and complex. As a Business | Family Office, Richter emphasizes addressing challenges faced by both company and family during this stage, advocating for alignment of objectives.

Richter’s four-stage approach involves business growth, portfolio diversification, wealth creation, and transition planning. This last stage is crucial for ensuring intergenerational success, especially amid Canada’s largest wealth transfer.

Learn more about the key considerations such as careful succession planning to foster intergenerational success, and managing family members’ expectations and their emotions from our partners Bill McLean and Greg Moore in an article published by the Globe and Mail.