Mar 23, 2021
We’ll talk about:
- Why many family businesses DON’T have a succession plan.
- The most important question every family business must answer.
- The most critical people to lead the succession planning process may not be who you think.
- A new idea for creating an enduring succession plan that most family businesses should utilize.
This week’s guests:
Alison Comstock
Moss*
Alison Comstock Moss is CEO of Paul
Comstock Partners*, a boutique Registered
Investment Advisory (RIA) firm that serves individuals, families,
and their charitable organizations to provide strategic planning
and investment support to preserve family capital for current and
future generations. Ms. Moss began working with families on
succession strategies 15 years ago. Drawing on her personal
experience as a second-generation member herself, she saw a need to
advocate for better preparation for next gen family members and
stronger communication to manage expectations for better outcomes.
She advocates for the proper preparation of the next generation
through customized programs like Beneficiary Boot
Camp as well
as Empowering Beneficiaries, LLC, a sister company to Comstock designed to provide extensive
resources to engage and empower inheritors of
wealth.
Rob Ferguson, President Ferguson Insights*
Rob is a business advisor for Family and Private Equity owned businesses that need practical solutions in the following areas; leadership development, succession planning, corporate governance, strategic implementation, revenue and profit growth. He has ten years of CEO experience creating value with a public company and a fifth-generation family owned company. Rob has led companies through the phases of growth to turnarounds. During his career he has conducted more than $100 million of acquisitions and grown business from $30 million of revenue to more than $350 million. Rob successfully managed as the CEO the restructuring and sale of a $100 million revenue family business. Prior to his CEO experience Rob held executive positions in general management, sales, and operations over a fifteen-year period.
Since 2010 Rob has been helping small and middle market companies with some of their toughest business problems as a CEO advisor or Board member.
His current clients are in various industries; consumer products, energy services, distribution, manufacturing, agriculture. Rob currently sits on three family boards and is the lead independent board member for two companies.
Acting as an intermediary for capital, acquisitions and mergers is another service that Rob provides to both Private Equity and Family business. He has worked with Private Equity firms on targeting acquisition candidates and conducting operational due diligence. He has also helped smaller family business with their capital needs by connecting the appropriate financial resources to the family business.
Rob is a member of the National Association of Corporate Directors, the Turnaround Management Association and the Association for Corporate Growth. He serves as President of the Curing Children’s Cancer Fund. He remains active with his alma mater, Texas A&M University in student recruiting and volunteering time at the Mays Business School Center of New Ventures and Entrepreneurship.
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Michael Palumbos is a registered representative of Lincoln Financial Advisors Corp. Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Family Wealth & Legacy LLC is not an affiliate of Lincoln Financial Advisors Corp.
CRN-3482293-030821
*Not affiliated with Lincoln Financial Advisors Corp.