53 min
047: Transitioning Family Wealth: How to Increase the Odds of Success Growing Your Financial Advisory Practice | Insights for Financial Advisors, Planners and Investment Managers
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- Business
Family businesses inevitably come with complex scenarios for a financial advisor to sort through. But the biggest complications may not be what you expect: the emotional aspect of family, business, and money is often the foremost concern when beginning conversations around business transitions. Today’s guest brings a rock-solid technical background and soft skills that helps her see the full picture and help families navigate the wealth transition landscape.
Cindy Radu is a family wealth transition advisor. She works with individuals, family enterprises, business owners and family offices to maneuver the complexities and opportunities of multi-generational wealth. Cindy has over 25 years of legal, fiduciary, trust and governance experience, giving her a bird’s eye view of the many issues families can face.
Listen to the episode to hear how Cindy frames wealth, family enterprise, and success in a way that helps her clients handle the complicated financial and emotional factors involved in transitioning family wealth.
What You’ll Learn in This Episode:
Rethinking the key issues around transitioning wealth and family businesses in Canada (8:05)
The difference between a family business and a family enterprise – and why it matters (11:10)
Cindy’s first steps when advising clients (18:45)
How Cindy bridges critical gaps by working effectively with other advisors (25:25)
Helping families avoid assumptions and get on the same page (33:40)
What wealth and wealth management really mean (39:30)
Links and Resources:
Cindy Radu
Cindy on LinkedIn
Email Cindy
Quotes by Cindy Radu:
“Way too many families are willing to stake everything they work so hard for on basically a hope and a prayer that everything is going to turn out alright.”
“Referrals from clients are frankly the strongest possible referrals that you can get.”
“I’ve been successful in my practice because I’m able to bridge those emotional and technical aspects of the wealth planning and transition.”
Cindy has been a Chartered Accountant and estate planning lawyer, and she’s also worked with large financial institutions. And yet all of her work has had one common goal: helping families through transitions. Today, she shares her experience to reframe the conversation around family wealth transitions.
Below, we’re sharing three key ideas from this episode:
Rethinking the key issues around transitioning wealth and family businesses in Canada
The difference between a family business and a family enterprise – and why it matters
What wealth an
Family businesses inevitably come with complex scenarios for a financial advisor to sort through. But the biggest complications may not be what you expect: the emotional aspect of family, business, and money is often the foremost concern when beginning conversations around business transitions. Today’s guest brings a rock-solid technical background and soft skills that helps her see the full picture and help families navigate the wealth transition landscape.
Cindy Radu is a family wealth transition advisor. She works with individuals, family enterprises, business owners and family offices to maneuver the complexities and opportunities of multi-generational wealth. Cindy has over 25 years of legal, fiduciary, trust and governance experience, giving her a bird’s eye view of the many issues families can face.
Listen to the episode to hear how Cindy frames wealth, family enterprise, and success in a way that helps her clients handle the complicated financial and emotional factors involved in transitioning family wealth.
What You’ll Learn in This Episode:
Rethinking the key issues around transitioning wealth and family businesses in Canada (8:05)
The difference between a family business and a family enterprise – and why it matters (11:10)
Cindy’s first steps when advising clients (18:45)
How Cindy bridges critical gaps by working effectively with other advisors (25:25)
Helping families avoid assumptions and get on the same page (33:40)
What wealth and wealth management really mean (39:30)
Links and Resources:
Cindy Radu
Cindy on LinkedIn
Email Cindy
Quotes by Cindy Radu:
“Way too many families are willing to stake everything they work so hard for on basically a hope and a prayer that everything is going to turn out alright.”
“Referrals from clients are frankly the strongest possible referrals that you can get.”
“I’ve been successful in my practice because I’m able to bridge those emotional and technical aspects of the wealth planning and transition.”
Cindy has been a Chartered Accountant and estate planning lawyer, and she’s also worked with large financial institutions. And yet all of her work has had one common goal: helping families through transitions. Today, she shares her experience to reframe the conversation around family wealth transitions.
Below, we’re sharing three key ideas from this episode:
Rethinking the key issues around transitioning wealth and family businesses in Canada
The difference between a family business and a family enterprise – and why it matters
What wealth an
53 min