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January/February 2021 Family Matters

Published January 4, 2021 | Departments

Wesley Fehsenfeld has been named president and CEO of The Uhlmann Company, based in Kansas City, Mo.The Uhlmann Company, formerly known as the Standard Milling Co., owns flour brands Hecker’s and Ce...

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Dueling Perspectives: Taking charge as a successor

Published January 4, 2021 Barbara Spector | Departments

Pamela Kan and Laura Markstein are presidents of family businesses in male-dominated industries. Both of their companies are based in the East Bay region of California’s San Francisco Bay area.Kan i...

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At the Helm: Crystal Morris

Published January 4, 2021 Patricia Olsen | Departments

A few minutes with the CEO of Gator Cases, Tampa, Fla.

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Celebration Corner: Elkay's 100th anniversary

Published January 4, 2021 Scott Chase | Departments

Planning to celebrate Elkay Manufacturing Company's 100 years in business began years before the actual centenary in late January 2020, and there is more to come.

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Business is blooming

Published January 4, 2021 Hedda Schupak | Departments

Lee’s Flower and Card Shop in Washington, D.C., has had to trim back some activity during the pandemic but continues to bring beauty to customers.  

 

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Five New Year’s resolutions for family businesses in 2021

Published December 14, 2020 Eric Czepyha |

The tumultuous events of 2020 have had a profound impact on family businesses across the country. With many companies furloughing staff, applying for government loans and instituting remote work arran...

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Laird Norton acquisition helps secure family’s long-term mission

Published December 14, 2020 |

In early December 2020, the Laird Norton family took a major step to secure its long-term mission to serve multiple generations of families by acquiring Filament, a Seattle-based wealth management fir...

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Black Friday Sales in the Capital Markets

Published December 10, 2020 Erich M. Hickey |

Everyone enjoys the satisfaction of getting a good deal or taking advantage of a sale. At this time of year, we are bombarded with messages about retailers offering deep discounts. My filtering proces...

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Succession Planning: Passing on Wealth and Planning for Continued Prosperity

Published December 10, 2020 |

By BDO USA LLPSuccession Planning as a Component of Family GovernanceA succession plan prepares heirs to transition successfully and preserve, grow and pass wealth from generation to generation. Other...

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Positive psychology can help family firms in tough times

Published December 6, 2020 Scott E. Friedman |

Adding to the well-known challenges that families in business together have always faced are the hardships created by the COVID -19 pandemic. Only time will tell how long these obstacles will remain i...

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Are your family business ownership documents in order?

Published November 23, 2020 Richard Spore |

Members of a family business may be tempted to adopt ownership documents (such as shareholder, partnership and LLC agreements) that are less robust than would be the case if the owners were unrelated....

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Why your family business needs a disruptive successor

Published November 17, 2020 Jonathan Goldhill |

Your plan to pass your business on to the next generation may be derailed if:• You don't have a future leader with vision.• You haven't made changes to your business model and have been impacted b...

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Family goals should drive family office decisions

Published November 15, 2020 Bill Rudnick |

The “office” in a family office is not necessarily a physical structure. Rather, it is a shared and agreed-upon approach to managing the family’s wealth.Family offices take many forms. They can ...

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The Fallacy of the Preference for Income in Portfolios

Published November 12, 2020 Joseph Zaccardi |

The most challenging part of providing financial guidance to families and institutions is overcoming educational hurdles to deliver a solution that provides enough comfort to allow the power of compou...

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Family Business CEOs to Watch 2020

Published October 23, 2020 | Feature Article

 We recognize family and non-family chief executives who are leading their businesses with a view toward long-term success.This year, business leaders in all sectors were tested as the ...

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Ben's Chili Bowl: A spicy landmark in the nation's capital

Published October 22, 2020 Scott Chase | Feature Article

Six decades after its founding, the beloved restaurant is run by the second generation, with Mom still a regular presence.

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Bringing joy, and fresh food, to low-income communities

Published October 22, 2020 Barbara Spector | Feature Article

Fourth-generation grocer Jeffrey Brown and his family are deeply committed to serving the urban poor. Their entrepreneurial approach and their family values are the keys to their success.

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Leaning in to uncomfortable conversations

Published October 22, 2020 Langdon Evans | Feature Article

How I’ve learned to talk about race and privilege in my majority-white family business.

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Resolving longstanding conflict is well worth the hard work

Published October 22, 2020 Joshua Nacht | Advisers

Longstanding family conflict can bring a family business to its knees. It saps energy and happiness and holds back the business from functioning optimally. The first step in resolving longstanding con...

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Navigating shareholder dynamics in a family office environment

Published October 22, 2020 Barbara Young | Advisers

Family business owners are typically laser-focused on building a successful, competitive, innovative company that will grow and flourish over time. However, an interesting thing can happen as a family...

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