Pennington Partners & Co.’s Post

💡 For this week’s 'In the spotlight', thewealthnet spoke to Liz Palmer, Howard Kennedy LLP about the main challenges facing family office services and what the next 12 months might hold. Read more on thewealthnet

Campden Wealth's new research in partnership with AlTi Tiedemann Global examines the challenges family offices face in wealth transfer and succession planning. Grateful for Francois Botha's excellent Forbes article features key findings from our Operational Excellence report. Check out the full article to learn more about the opportunities and challenges of wealth transfer in the 21st century. https://lnkd.in/eR8bjw8z #familyoffice #wealthtransfer #successionplanning #operationalexcellence #wealthManagement #financialeducation #nextgeneration #familybusiness #financialplanning

𝐓𝐑𝐈𝐕𝐈𝐀 𝐓𝐔𝐄𝐒𝐃𝐀𝐘𝐒 𝖳𝖱𝖴𝖤 𝖮𝖱 𝖥𝖠𝖫𝖲𝖤: Long tenured advisors 🅽🅴🆅🅴🆁 move answer: 👇 𝐅𝐀𝐋𝐒𝐄 Long tenured advisors are actually the real game changers in wealth management right now The advisors who built their careers at the firm from which they expected to retire—yet the latter doesn’t always work out that way. Instead, they are looking at their business as a business and thinking about the long-term. Asking themselves questions like: ⁉ Will this firm continue to serve me and my clients over the next 3, 5, 7 years from now? ⁉ Is this the best place to leave my legacy? And because of this, we're seeing the lifers actually be the ones that are blazing new trails, and being pulled towards something better. Take Jason Barber, CFP® and Taylor Pankratz team for example. Their family spent 4 decades at Edward Jones and decided to launch their own RIA in 2023. Listen in below https://lnkd.in/erzU78hz

In family businesses, founders and their successors need to assume the responsibility of role models for leadership based on meritocracy. Otherwise, nepotism may promote a culture of redundant employment or even improper financial practices. That’s the 14th of 18 guiding principles that family office management veteran Alvin Yap will dive into at our masterclass on Family Wealth Preservation & Business Succession. #familyoffice #financialplanning #FamilyLegacy #WealthPreservation #trusts

Interesting findings on the important role that family offices are playing in the UK capital markets. Whilst their preference for real estate is widely known, the fact they accounted for 74% of investment into startups in the UK in 2023 and favour tech based businesses is perhaps less so. Thomas Hudson James Miller Emma Suchland Cara Haffey #familyoffice #pwc #privatebusiness

🚀 I am thrilled to announce the launch of Bluegrass Alpha Partners, a private equity firm based in Louisville, Kentucky. At Bluegrass Alpha, we are dedicated to building long-term partnerships and preserving the legacies of lower middle-market companies in the Transportation, Manufacturing, and Commercial Services industries. 🌟 Our focus is on making control investments in businesses with revenue between $5M to $50M and EBITDA north of $1M—particularly those that are founder owned or multi-generational without a clear succession plan. 💼 With our experience as private equity investors and former executives, my partner and I bring a unique perspective and a track record of significant value creation. We deeply understand the challenges and opportunities that come with running and growing businesses, while also recognizing the resource constraints faced by businesses in our target regions and industries. 🤝 At Bluegrass Alpha, we firmly believe that successful partnerships are built on trust and authenticity.  To honor this belief, we offer our expertise and resources to business owners through consulting engagements, allowing us to demonstrate the tangible value we can bring before a deal is even closed. This balanced approach fosters trust and ensures both parties are aligned in values and vision. Many investors liken the relationship between the seller and investor to a marriage but often skip the “dating” period before committing long-term. We’ve chosen to take a different path, allowing for a “dating” phase to develop genuine relationships with our future business partners. This deliberate approach sets the stage for pursuing business acquisition opportunities through a more transparent, partnership-driven process. In addition to our ‘consult-to-close’ approach we will also be pursuing investment opportunities through broker and investment banker led processes. 🎯 We are excited to begin this journey, focusing on Kentucky and surrounding states in the #Midwest and #Southeast. Our goal is to make meaningful investments that ensure the longevity and success of businesses, benefiting owners, employees, and communities alike. 👥 We invite you to connect with us, whether you’re a business owner seeking to secure your legacy, an investor looking for opportunities with a differentiated approach, a business broker, or a fellow business leader interested in learning more about our initiatives. 🔗 For more information, visit www.bluegrassalpha.com 📧 Contact me directly at [email protected] 🔔 Follow our LinkedIn page to stay updated on our journey and milestones. John Trimble #privateequity #kentucky #lowermiddlemarket

If you are interested in learning more about our family office services in the Middle East, please find here a very useful article. #equiom #familyoffice #wealthstructuring

Elliott, 56, the CEO and founder of Southington-based family office D.R. Elliott & Co., rejects the vast majority of pitches — about 99%. So it is 99% about #wealthmanagement and only 1% is focusing on #wealthcreation. The anticipated increase in the number of new family offices is expected to be propelled by the Great Wealth Transfer phenomenon. This transfer of wealth from one generation to the next is projected to significantly impact the establishment of family offices. As wealth is passed down, families are looking to secure their financial futures by setting up dedicated offices to manage and grow their assets. This trend is likely to reshape the landscape of family wealth management and bring about a surge in the creation of new family offices. #WealthManagement #FamilyOffices #sfo #wealthcreation #220dots #investment #policy #wealthtransfer #heritage #wealthtransmission https://buff.ly/4bgv5XN

🌟 Investor Alert! This week, the Family Office Club led by Richard Wilson will host its renowned Private Investor Mastermind series. This series is a must-attend for those in the NYC metro area (Newark) and South Florida (Fort Lauderdale). - A comprehensive program focusing on enhancing all 5 components of a robust direct investment program. - A unique opportunity to source investments first, exclusively, and at better valuations. - Dynamic sessions aimed at upgrading investment strategies. - Networking with private investors and listening to insights from top investors and platform heads on stage. Benefits for Attendees: - Lower investment risks. - Sharpened focus on key investment areas. - Enhanced returns. 🔸 Don't miss this chance to elevate your investment skills and network with industry leaders. 📝 Register here to attend: https://lnkd.in/dDhM_Dbp 📲 Or text (305) 333-1155 for more information about the investor club network. About the Family Office Club: - A dedicated 25-person team. - Extensive experience in hosting 275 live events over the last 17 years. - Successful in interviewing 30 billionaires publicly at Billionaires.com. Author of 13 books, and creator of over 200 ultra-wealthy family offices. Closed over $500M worth of transactions. Impressive reach with 10.8 million social media followers and group members. Learn more here: www.familyoffices.com #Investors #FamilyOffice #Investing #CapitalRaising #InvestorClub #innovation Sue Phillips, Duránd F., Daniel Wurzbacher

With a nearly $84 trillion wealth transfer underway over the next two decades, families wonder how best to prepare the rising generation. Hear why education and family governance go hand in hand, education areas families most need, and resources to get started, in the latest edition of the UBS Family Office Quarterly, out now. #familyoffice #entrepreneurs #founders