For business owners, planning for the next generation involves both financial decisions and family conversations.
Camille Svitek, CFA, CFP®, Senior Wealth Advisor at Evermay, recently spoke with InvestmentNews about how business-owning mothers can prepare for a future transition. She highlighted the importance of understanding the business’s value, discussing children’s interests early, and recognizing that transferring ownership and leadership can happen at different times.
Her perspective emphasizes giving the next generation opportunities to learn about the business while allowing them to decide whether participating is right for them. “Giving the next generation that runway tends to lead to a better outcome for everyone," Camille shared.
Read the full InvestmentNews article featuring Camille’s insights.
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