Family Enterprises and Wealth (Online)NEW

Family Enterprises and Wealth (Online)

Family enterprises are one of the well-known forms of business and are seen as the backbone of many strong economies around the world. With the number of family-owned businesses growing across the globe (KPMG International Report), large consultancies such as McKinsey, Deloitte, and EY have their own dedicated family enterprise teams to serve the demand.

Ownership patterns, family vision, succession, and many other exclusive features of family enterprises present unique challenges and opportunities in the governance and growth of these enterprises.

This program developed by Patricia Angus, an adjunct professor of business and managing director of Global Family Enterprise Program at Columbia Business School, is designed to be inclusive and effective for anyone currently part of a complex family enterprise, that includes family business owners, shareholders, family office professionals, or those who aspire to serve such enterprises. The program will empower participants to become a valued voice in the inner circle of the family ecosystem and play a critical role in the success of complex family enterprises (CFEs).

Please contact our partners at Emeritus at columbia@emeritus.org, +1 315-982-5094, or +1 315-277-2746 for a personal conversation about this program and how it may benefit you.

Delivered in collaboration with
Emeritus

At the end of this program, you will be able to:

Distinguish aspects like a family business, family office, joint investments, and charitable endeavors of a CFE
Analyze the impact of complex family enterprises on a global scale and evaluate your own position within it
Apply several frameworks, including the family systems theory and the Family Governance Pyramid™, to complex family enterprises to resolve the flaws in the existing governance system
Navigate real-world challenges that affect CFEs and identify the key drivers of successful stakeholder relationships
Understand and empathize with other key stakeholders’ perspectives to better serve the needs of key stakeholders and clients
Evaluate the community impact of family enterprises and reflect on the future trajectory of their businesses

Module 1
Module 2
Module 3
Module 4
Module 5
Module 6

Complex Family Enterprises

Evaluate the components of complex family enterprises and characterize their aspects including a family business, family office, joint investments, and charitable endeavors.

Pritzker Family Enterprise: A Family Governance Case Study

Understand the challenges of building a strong family governance system from one of the wealthiest and most philanthropic families in the United States who primarily managed their assets in order to enrich the family.

The House of Redstone: Family Enterprise in Three Acts

Learn about the evolution of the complex Redstone family enterprise over several generations. Led by Sumner Redstone, who seized opportunities that exponentially grew his father’s drive-in theater business to become one of the world’s largest media conglomerates.

Family members, shareholders, and leaders of complex family enterprises who want to create a shared vision and form policies and processes that can improve the sustainability and health of their family enterprise
Family office professionals and advisors who want to become trusted advisors and gain familiarity with the key theories pertaining to family enterprises and who seek to serve as strong catalysts for the success of the enterprise
Institutional investors who want to specialize in family wealth management and understand the challenges specific to high-net-worth families, including venture capital and private equity professionals who want to formulate an effective practice within a family enterprise

Patricia Marie Angus

Adjunct Professor of Business, Finance and Managing Director, Global Family Enterprise Program, Columbia Business School

Patricia Angus, a recognized thought leader in multi-generational family governance and wealth launched the Family Enterprise and Wealth MBA class at Columbia Business School. She has advised families with businesses, trusts, and charitable foundations for more than 25 years and has written numerous articles on family wealth, businesses, trusts, estate planning, philanthropy, and women’s issues.

Ms. Angus helps clients navigate some of life's most complex issues, through critical analysis, strategic planning, and compassionate guidance. She is the Founder and CEO of Angus Advisory Group LLC, an Adjunct Professor at Columbia University, and Managing Director of the Global Family Enterprise Program.
She served as Chief Wealth Advisory Officer of Shelterwood Financial Services LLC and as Family Wealth Advisor at GenSpring and JP Morgan Private Bank.

In addition, she is the author of The Beneficiary Primer: A Guide for Beneficiaries of Family Trusts and The Trustee Primer: A Guide for Personal Trustees and writes the "Building Bridges" column on www.wealthmanagement.com.

She has received numerous awards, receiving the Family Firm Institute Inter-Disciplinary Award in 2019. Ms. Angus has been named one of the Top 50 Women in Wealth Management by Wealth Manager, a Rising Star by Private Asset Management, a finalist for Family Business Advisor of the Year by the Society of Trust and Estate Practitioners and is consistently named among the top wealth advisers by UK-based CityWealth.