In the news | Canadian Family Offices | Greg Moore | Pandemic drives home need for picking next boss of the family business
Preparing your next generation to take on a leadership role and lead your family enterprise should start early, well before any critical life events. Our Partner, Greg Moore spoke to Canadian Family Offices about the importance of succession planning and how family office advisors can help, even before a crisis happen.
As Greg notes “advisors that come into the picture only during those life events typically aren’t as well equipped to understand the nuances of the family.” That’s why its crucial to succession planning as early as possible. Seeking advice from family office advisors can “help guide families through transition discussions well before a crisis event,” Greg explains.