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Avoid ‘Shirtsleeves to Shirtsleeves’ in Three Generations by Shifting Inheritance Vision to Private Capital, Says The Madison Group Report
New Madison Group Report at Family Enterprise USA Shifts Family Business Inheritance Strategy to Values and Private Capital Focus
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A shift in how multi-generational family business owners think about inheritance versus private capital can change not only next ownership generations, but potentially the world, according to a new report by The Madison Group, Inc.
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The report, published with Family Enterprise USA, details how a simple re-casting of traditional inheritance strategies among wealthy family business owners can avoid the natural cycle of wealth creation, wealth stewardship, and wealth dissipation, or the well-known axiom, “shirtsleeves to shirtsleeves in three generations.”
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Analysts at The Madison Group, Inc., based in Greenwood Village, Colo., focused the report on the critical differences between generational spending needs versus generational values. The report also delves into the issue of “where is philanthropic money best spent?”
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“One of the more empowering ways for families to look at wealth is to view it as private capital with a shared mission to grow wealth in each generation,” said Mark Richards, President and CEO, The Madison Group, Inc. “This gives each new generation more opportunities for deploying..." (continue reading full article)
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Our thanks to Mark J. Richards & The Madison Group.
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About The Madison Group
The Madison Group is one of the largest independent financial firms in the U.S. dedicated to comprehensive wealth preservation since 1968. We specialize in providing affluent families, business owners and executives with unique, tax-efficient wealth transfer and business continuity strategies. We value solutions that have simplicity at their heart and are manageable across generations.
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Please stay safe and healthy,
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pmsoldano@family-enterpriseusa.com
712 H Street NE Suite 1330
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Upcoming Events
- February 27 to March 3: DC meeting with Members, First Caucus meeting
- March 9: U of Wisconsin, Madison, WI
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March 16: Grand Rapids FBC, Grand Rapids, MI
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March 22: California Family Business Association, Tustin, CA
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March 23: Maine FBC Event
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March 29: High Center FBC, Elizabethtown, PA
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April 19 - 21: Transitions East, St Petersburg, FL
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Sign-Up For New Podcast: "Voice of Family Business on Capitol Hill" with host Pat Soldano.
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Join our growing family of podcast listeners by clicking on the links below to our new podcast, "The Voice of Family Business on Capitol," where each episode delves into the major issues facing family businesses and family business centers today. Subscribe by clicking on these links, or wherever you get your podcasts.
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We hope you’ve enjoyed this article. While you’re here, we have a small favor to ask…
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As we prepare for what promises to be a pivotal year for America, we’re asking you to consider becoming a member.
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The need for fact-based reporting of issues important to multi generational businesses and protecting a lifetime of savings has never been greater. Now more than ever, multi generational businesses and family businesses are under fire. That’s why Family Enterprise USA is passionately working to increase the awareness of issues important to generationally-owned family businesses built on hard work, while continuing to strengthen our presence on Capitol Hill.
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About Family Enterprise USA
Family Enterprise USA advocates for American Family business. We help family businesses communicate their challenges and contributions to American economic freedom to Legislators. We represent all American family businesses; not just specific industries and provide research to enhance the opportunity for success. We help family businesses continue to establish their unique business legacy. Family Enterprise USA is a 501(c)(3) non-profit organization.. Family foundations can donate.
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Have questions or would like more information about becoming a Member or donating? Please contact John Gugliada at jgugliada@family-enterpriseusa.com.
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Family Enterprise USA Sponsors
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