CIBC CEO says Canadian post-secondary institutions should be looking to learn from models in countries such as the U.K. and Germany, which have been successful in helping innovators
Business owners require a separate level of service
Starting the succession planning conversation is a great opportunity for advisors to get to know the next generation
Business-owner clients rarely regard the value of their companies as part of their investment portfolios. They (wrongly) differentiate between investment in a privately owned company and investment in a publicly traded stock
To help entrepreneurial clients shield their wealth, urge them to keep their personal and business finances separate
Tom Deans, author of "Every Family's Business," discusses the grim facts that only one third of family businesses will transition to the second generation and only ten percent to the third generation, data that impacts retiring boomers. Deans suggests advisors should start a conversation with clients about the future of their businesses and how to protect their wealth. Deans spoke at the RCC in Toronto.
Author John Leonetti emphasizes the business-owner client's readiness to retire, both mentally and financially, rather than focusing entirely on financial issues
A new program at UBC's Sauder School trains advisors in the tough business of advising family firms
Business owners do a better job of retirement planning and start investing at an earlier age
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