Summary

In this episode, Russ Haworth interviews Amy Renkert-Thomas, the chair of the leadership and transition planning domain at the Ultra High Net Worth Institute. They discuss the importance of leadership and transition planning in multi-generational family enterprises. Amy emphasizes the need for leaders to adapt their leadership style as the family enterprise evolves and grows. She also highlights the importance of collaboration among advisors and the role of the Ultra High Net Worth Institute in providing guidance and support to families going through generational changes. The episode concludes with a discussion on the impact of the leadership and transition planning domain and the Institute's work on the field.

Keywords

leadership, transition planning, multi-generational family enterprises, collaboration, advisors, Ultra High Net Worth Institute

Takeaways

• Leaders in multi-generational family enterprises need to adapt their leadership style as the enterprise evolves and grows.
• Collaboration among advisors is crucial in providing comprehensive support to families going through generational changes.
• The Ultra High Net Worth Institute plays a vital role in providing guidance and resources to families and advisors in the leadership and transition planning domain.
• Leadership and transition planning is not a one-time event but a continual process that requires ongoing communication and collaboration.
• The Institute's work extends beyond business transitions and includes philanthropic enterprises and family offices.

Chapters

00:00 - Introduction and Overview

07:09 - The Importance of Collaboration Among Advisors

13:32 - Continual Process of Leadership and Transition Planning