Barron's Logo

This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.

https://www.barrons.com/advisor/articles/financial-advisors-family-business-51643829598

Should Financial Advisors Mix Family and Business?

By
Charles Paikert
  • Print
  • Reprints
Text
  1. Small
  2. Medium
  3. Large

Turning an advisory firm into a family business by bringing aboard a son or daughter can be a study in contrasts: intensely personal yet necessarily professional; comforting yet fraught with complex emotional dynamics and reassuringly secure while also acutely demanding. 

Advisors attempting to cope with such a sensitive situation face an immediate handicap, says industry consultant Matt Sonnen, CEO of PFI Advisors.

“Most...

Barron’s Advisor

Free Registration

Welcome to Barron’s Advisor! Our content is free but available only to wealth management professionals. To read this article, please provide the information below so we can confirm that you work in the industry. All fields are required. If you’re not a wealth management professional, you can find other great financial content at barrons.com. If you have any questions, please contact us a advisor.editors@barrons.com

Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.