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Family business succession planning

We know that all forms of family enterprises are unique, and eventually, all of them will have to face the difficult challenges that often come with ownership transition. But this process doesn’t have to be complex or intimidating. With the right family business succession plan in place, you can streamline this process well in advance, ensuring that all parties involved are satisfied with their part in the transition, well before it takes place.

Secure your family’s future through business succession planning

Although planning strategically for the success of your family business may come naturally, the same is not always true when it comes to managing the future transition of your family’s wealth and assets.

However, for your family’s legacy to succeed over the longer term, it’s important to start applying the same levels of strategic focus and rigour associated with running a business to managing your family’s finances – and the sooner the better.

Why is a good business succession plan so important

Family wealth management can be complicated at the best of times. Having a family business succession plan in place, one that’s been discussed and agreed upon by all essential parties involved, gives you the foundation you need to step away from your family business with confidence – content in the knowledge that what your family has built is being left in the right hands.

Preparing your family for business succession

Needless to say, effective family business succession planning requires coordination and preparation well ahead of any generational transition as a means to correctly manage any challenges that may present themselves during the process.

Our approach to family business succession planning

As a long-standing financial institution, we understand what it feels like to be responsible for a business and a family, how the two are intertwined, and how you need to balance the needs of one with the other.

We recognise that the balance is in constant motion, as your business, your family, and the world itself evolve. But no matter how alarming change can be, our team are here to help you manage and maintain your family business’s continuity in times of change.

Our family governance, family enterprise consulting, and private investment funding teams have considerable experience working with multiple generations of families. We can assist you in the planning, execution, and subsequent management of your family enterprise, all the way from transition to any potential business sale.

Learn more about how we can help your family create a family business succession plan with our Family Enterprise Succession Services brochure, or by visiting any of our family enterprise succession service pages below.

Kuala Lumpur Panoramic View

Passing on your Business to Future Generations

 

Succession planning isn’t an event. It’s a process.

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Rock Mountain

Exiting your Business and Preserving your Family’s Wealth

 

Your business started with a plan. Make sure you leave with one.

Read more  
Red Trees

Creating a family office to sustain the family’s legacy

 

Long-term management made your business a success. It could do the same for your family.

Read more  
Mountains

Managing your Family’s Wealth

 

A philosophy. Important for your life. Just as important for your wealth.

Read more  

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