Supporting many of the world’s leading families and wealth creators across generations and geographies

The,

the idea of succession and planning succession in a smart way is really one of

the biggest risks that, that needs to be mitigated.

One thing that we do at Ston Egg Fleming is we really have those tough

conversations with, with families,

not only the families that we've worked with for many years,

but also new families that we encounter all the time. So I call it the, the,

the foundation piece of a family on which, uh, the, the Lego,

which are the other services, investments, tax structuring,

and others are, are, are built. So when we talk to families,

we are really going into a territory which is sometimes quite challenging for

them to, to talk about. It all starts with mortality.

One of the reasons why families want to engage with us is because we have the

credibility and the experience to, to go through this journey with them.

A number of them talk to each other,

but they don't really talk about fundamental issues like succession,

uh, selling their businesses, for example. How do,

how does the next generation fit into to the business?

So they like to work with people like us who have answers to a lot of those

questions, but again, it's not necessarily about giving them the answers,

it's leading them to the answers themselves and facilitating that process.

That's very helpful. We have a number of, um,

key people in our organization have got years and years of,

of practical experience around this. And it's a very personal journey. In fact,

with a number of families, what they realize, it's not the destination,

it's actually the journey that's the most important thing. And,

and this collaborative, uh, effect of bringing in the next generation that your,

you know, your children,

possibly even your grandchildren in certain cases into this experience.

So it has to be done by someone who has a great ability to listen and

ability to ask the right questions at the right time and allow people to have

psychological safety. So we,

we generally do these exercises under Chatham House rules.

So it's important that people can say what they really think and the people that

do it really are people who have the ability to draw out what's really important

for these families. So, a number of families that I've worked with, they,

they certainly see the benefit that,

that the children really appreciate the fact that they can say what they think

and, and usually the,

the end result is something that is there to stand the test of time.