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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

This year, business leaders in all sectors were tested as the COVID-19 pandemic challenged them to keep revenues coming in and circumvent supply chain disruption while taking measures to ensure the sa...

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

Published October 22, 2020 Scott Chase | Feature Article

Tucked away on a once-trendy, once-forsaken, now-trendy-again street in Washington, D.C., stand two national monuments perhaps less publicized but certainly as beloved as the museums and memorials tha...

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

Published October 22, 2020 Barbara Spector | Feature Article

Even if you don’t live in Greater Philadelphia, you may be familiar with Jeffrey Brown, a fourth-generation grocer who is chairman and CEO of Brown’s Super Stores. About half of the 12 ShopRite an...

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Leaning in to uncomfortable conversations

Published October 22, 2020 Langdon Evans | Feature Article

Family businesses in the United States have been hit hard this year from a variety of angles. Stress on operational business activities due to the global pandemic and ensuing recession have necessitat...

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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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Risky family business

Published October 21, 2020 Barbara Spector | Departments

This year, our MLR Media team has focused on the topic of risk — an appropriate subject to consider in a year marked by a pandemic, destructive wildfires and social unrest.Our sister publication Dir...

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Pantry pride

Published October 21, 2020 Caro U. Rock | Departments

I love to cook, but for many years, with my work schedule and board requirements, I haven’t had the time. Then COVID descended. I found myself with the opportunity to cook more often for my husband,...

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Dueling Perspectives: Private company share structures

Published October 21, 2020 Barbara Spector | Departments

Business families have a variety of options for structuring shares in their company to meet the needs of the family and the business. We asked George Quarles, a third-generation owner of Quarles Petro...

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November/December 2020 Family Matters

Published October 21, 2020 | Departments

Second-generation family member Lynn Houston Moore has been named CEO of HJI Supply Chain solutions, based in Louisville, Ky. Her promotion marks the culmination of a six-year succession planning stra...

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At the Helm: Joseph C. Richert

Published October 21, 2020 Patricia Olsen | Departments

Generation of family ownership: Second.Annual revenues: Just under $50 million.Number of employees: 650.First job at this company: Maintenance. We bought the business from another company and were scr...

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Celebration Corner: Ralph's Italian Restaurant's 120th anniversary

Published October 21, 2020 Barbara Spector | Departments

The Business: Ralph’s Italian Restaurant, located in South Philadelphia, is the oldest continuously operating Italian restaurant in the United States. The previous holder of the title, Fior D’Ital...

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Tips on interviewing law firms

Published October 21, 2020 F. Douglas Raymond III | Departments

There are more than 1.3 million lawyers in the United States, so most likely you know, or are even related to, a lawyer you might ask to help with a legal problem or challenge you are facing in your b...

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Vertex goes public during a pandemic

Published October 21, 2020 Barbara Spector | Departments

Executives of any company that goes public will tell you the process leading up to the IPO is grueling. For family-controlled Vertex Inc., which began trading on Nasdaq July 29 under the ticker symbol...

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Hold, Fold or Sold

Published October 20, 2020 Chris Yount |

All things have a natural life cycle: They are created, they grow, they evolve and eventually they come to an end. Your family business is no different. While there are millions of possible paths forw...

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Protecting the economic engine of your family: Wealth management

Published October 14, 2020 Chris Yount |

As family businesses grow, so does family wealth. Eventually, that capital will transition from being a byproduct of your business into a business all its own.The most crucial step in being a good ste...

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Yuengling partners with competitor to extend its reach

Published September 27, 2020 Barbara Spector |

D.G. Yuengling & Son Inc., the 191-year-old family-owned brewer based in Pottsville, Pa., has entered into a joint venture with Molson Coors Beverage Company to brew Yuengling beers for distributi...

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The Inevitable Shift

Published September 27, 2020 Whittier Trust |

Family businesses and family offices will see an inevitable shift, seeking independent advice, as G1/G2 becomes G3/G4.Our company has been fortunate to sponsor the Transitions West Conference over the...

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