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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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Charting an estate planning course in uncertain political waters

Published September 22, 2020 James I. Dougherty |

In addition to focusing on safety and cash flow during the COVID-19 pandemic, family business owners must be mindful of the upcoming November election and the likely impact of the results on estate ta...

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5 keys to success in any family business

Published September 14, 2020 Chris Yount |

Running a business is hard. Family life can be hard. Running a family business can seem impossible at times. In addition to the difficult decisions you must make every day for the company, you must al...

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Risk Management in the Age of Uncertainty

Published September 10, 2020 Erich M. Hickey |

In the 1600s, merchant ships faced enormous uncertainty while delivering cargo throughout the world. Rough weather, pirates, foreign gunships and disease consistently threatened their voyages, and the...

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GOJO doubles production to meet ‘staggering’ Purell demand

Published August 21, 2020 |

GOJO Industries, the third-generation family business that makes Purell Instant Hand Sanitizer, has doubled production across all operations in order to ship twice as much product as it delivered to s...

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Family giving during COVID-19

Published August 14, 2020 Ann Gill |

Over the past several months, we have heard time and again: We are all in this together. Truly, not a single person in our country has been unaffected by COVID-19. Whether you or someone you know is a...

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Laird & Co. toasts the 10th generation

Published August 12, 2020 Hedda Schupak | Feature Article

When you’re the ninth generation leading a family business that served George Washington, you don’t want to be the one who screws it up, says Lisa Laird Dunn, executive vice president and global a...

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Redefining ownership as shareholder stewardship

Published August 12, 2020 Richard Seaman | Feature Article

Thirty years ago, I was faced with a typical family business crisis. My father, the founder of our family-owned industrial fabrics company, Seaman Corporation, had passed away prematurely at the age o...

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Family office decision factors

Published August 12, 2020 Maureen Milford | Feature Article

Advisers offer these suggestions for families considering a single-family office (SFO):• Solicit feedback from the family about potential benefits. Is the primary purpose to bring the family assets ...

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COVID-19 raises cybersecurity issues for family offices

Published August 12, 2020 Maureen Milford | Feature Article

The move to working from home revealed vulnerability to phishing among family offices that had not set up proper controls for remote access.As family offices scrambled to respond quickly to the health...

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Single-family office nuts and bolts

Published August 12, 2020 Maureen Milford | Feature Article

Eric Allyn knows his way around an operating company.Born into the family that owned the Welch Allyn Inc. medical device company in Skaneateles Falls, N.Y. for 100 years, Allyn could tell you all abou...

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Family business CFOs are essential in black swan events like COVID-19

Published August 12, 2020 Jane Hamrle | Advisers

The changes in the world today are multi-dimensional and complex. Many factors were already in play at the beginning of 2020, but the COVID-19 global pandemic this spring was a black swan event that t...

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Onboarding new family members must be an intentional process

Published August 12, 2020 Joline Godfrey | Advisers

If you don’t think onboarding new family members is important, you may want to ask Her Majesty Queen Elizabeth II for a second opinion. In January 2020, a year and a half after their wedding, Prince...

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