Article Library



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 ...


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...


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...


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...


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...


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...


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...


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...


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...


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,...


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...


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...


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...


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...


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...


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...


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...


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...


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...


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...