Article Library



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...


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...


Scenario analysis can help you prepare for an uncertain future

Published August 12, 2020 Frank Williamson | Advisers

Few people could have anticipated the year we’re having. We’ve experienced substantial oil price cuts, liquidity issues in the bond market, a dramatic stock market correction and ongoing economic ...


Wearing many hats

Published August 12, 2020 Barbara Spector | Departments

When our MLR Media team — including Family Business and my colleagues at Directors & Boards and Private Company Director — began working from home because of the COVID-19 pandemic, I started w...


Alexa, thank my board

Published August 12, 2020 Bill Rock | Departments

Like some of you, we at MLR Media have been working remotely for months and consider ourselves fortunate that we are able to do so. A silver lining during this difficult COVID-19 pandemic has been spe...


Dueling Perspectives: Nick Rhomberg and Bill Buchholz Jr.

Published August 12, 2020 Barbara Spector | Departments

What NextGens have learned from the COVID-19 pandemic.


September/October 2020 Family Matters

Published August 12, 2020 | Departments

David DeStefano has been appointed chairman of the board at Vertex Inc., a family-owned provider of tax software and solutions based in King of Prussia, Pa.DeStefano, a non-family executive, will cont...


At the Helm: Thomas Hartland-Mackie

Published August 12, 2020 Patricia Olsen | Departments

A few minutes with the president and CEO of City Electric Supply, Dallas.


Celebration Corner: YESCO's 100th anniversary

Published August 12, 2020 Barbara Spector | Departments

The creator of numerous iconic signs held celebrations in three cities before COVID-19 put a halt to communal events. 


Tips on interviewing philanthropy advisers

Published August 12, 2020 Robyn Hullihan | Departments

Readers frequently request guidance on how to evaluate advisory firms. This series of articles presents information on how to interview and compare advisers in a variety of disciplines.  


Champions of the river

Published August 12, 2020 Karen Kreeger | Departments

A fifth-generation family fishery is much more than the catch of the day.


2020 Private Boards of the Year award winners announced

Published July 29, 2020 April Hall |

Six private company boards will be honored for their business governance excellence at the upcoming 2020 Private Company Governance Summit on September 15-17, 2020, live online.The boards of these com...


Consider family investors as a source of minority equity capital

Published July 22, 2020 Paul Carbone |

As a result of the market dislocation brought on by the COVID-19 pandemic, many private family-owned businesses find themselves in a precarious situation with budgets stressed and a seemingly never-en...


Sharing your family business profits fairly

Published July 16, 2020 Richard Spore |

The allocation of profits from a business among its owners typically reflects their overall contributions to the business, including contributions of both human and financial capital. However, in a fa...


The Smith Family Gathering in the age of COVID

Published July 14, 2020 Elliott Gansner |

As did many families, we reimagined our annual event this year. Instead of Camp Smith at The Osthoff Resort in Elkhart Lake, Wis. (the original plan), we created Camp Smith @HOME. An hour after the sh...


Ensuring Your Trust Is Exactly as You Plan It — Through Generations

Published July 10, 2020 Whittier Trust |

A trust can serve as one of the most powerful and enduring instruments of your legacy.  Whether providing a financial safety-net for your family or supporting the philanthropic causes that matter...


Resolving the rising generation paradox

Published July 9, 2020 Amy Hart Clyne |

How to reduce the tension between NextGens’ desire to make a positive impact in society and their loyalty to their family’s wealth legacy. 


Yields are near 0%. Why should I own bonds?

Published July 8, 2020 Erich M. Hickey, CFA® |

Since 1981, when the 10-year U.S. Treasury yield peaked at over 15%, investors have enjoyed the benefit of holding Treasury bonds in their portfolios. Longer-maturity Treasuries have been the perfect ...


Family-owned retail chain stays strong during pandemic

Published June 24, 2020 Barbara Spector |

Matt Beall, CEO of Beall’s Inc., says the family's long-term thinking and the company culture guided decision making.


Planning opportunities for these unprecedented times

Published June 24, 2020 Mark Bernstein |

The current economic, tax and political climate makes this a great time to implement gifting and other estate planning strategies.