Riches to Rags in Three Generations

Michael Fox, the managing director at KMT Partners, is an expert in family business with many years of intensive experience in the industry. His primary pursuit is supporting family enterprises and emerging businesses in renewal, value building and transition to the next generation. To learn more about family business succession and how to buck the trend in a family enterprise, download Michael’s Riches to Rags in Three Generations. The paper highlights the difficulties in handing over the reigns to the next generation. The challenge of sharing their vision, values and dedication to those that come next can be overwhelming. That, coupled with the varied interests of future generations, often leads to conflict that depletes family wealth.

To gain more insights into family wealth management, listen to our Family Business Succession Podcast Series!