Family Business Archives - Canadian Family Offices

What it took to take over Purdys Chocolatier

Karen Flavelle wanted to work at the family business, but first she had to convince her father

September 25, 2024
Family Business

Francesco Lombardo wealth advisor family business

Francesco Lombardo on family dynamics, wealth and ’emotional governance’

Advisor helps business families stay together and thrive by tackling destructive feelings that tend to be magnified by wealth

September 9, 2024
Family Business

Executive coach Purdeep Sangha chips away at Canadian reluctance to seek advice

Advisor uses performance psychology to help high-performing entrepreneurs and business owners succeed

August 21, 2024
Family Business

Shaun Hauser, co-founder and CEO of Wellington-Altus Financial Inc. in Winnipeg: “The companies that will capitalize the best are the ones that invest back into their business to give advisors the tools they need to take care of clients’ complex situations as they accumulate more wealth. That is how we believe companies will be successful.”Shaun Hauser, co-founder and CEO of Wellington-Altus Financial Inc. in Winnipeg: “The companies that will capitalize the best are the ones that invest back into their business to give advisors the tools they need to take care of clients’ complex situations as they accumulate more wealth. That is how we believe companies will be successful.”

Co-founder of Wellington-Altus on building $30 billion firm

Winnipeg’s Shaun Hauser on ‘secret sauce’ to success, which wealth advisories will be successful in Canada and what wealthy clients are looking for

July 24, 2024
Family Business

Leah Tolton, partner with Bennett Jones in Edmonton: “Problems are usually more complex than one advisor can handle or address, given their perspective and their training.”

When a lawyer steps in: Leah Tolton and family businesses

With ‘a massive transition of wealth and of business interests,’ enterprising families need advisors to work together, says Edmonton Bennett Jones lawyer with FEA

July 23, 2024
Family Business

KingSett Capital private equity real estate investment firm founder and executive chair, Jon Love, who recently moved from CEO to executive chair: “I can't just walk away from our investors, and that includes my own family who are invested in the business. I have to have a leadership team that's ready.”

KingSett founder Jon Love on success in real estate investing

Son of Oxford Properties founder created Toronto-based private real estate investment firm for institutional, family offices and wealthy investors

July 18, 2024
Family Business

Wayne and Eleanor Chiu: “It was very difficult in the very first few years, as we did not have a lot of capital. We worked extra hard to earn the trust of the developers so they will give us opportunities to build in their areas.”

Calgary couple turned layoff into successful builder Trico

Wayne and Eleanor Chiu, originally from Hong Kong, now have second generation involved in the family business and charitable foundation

July 11, 2024
Family Business

Alessia, left, and Mirabela Muresan, who partnered with universities to sponsor student initiatives aimed at nurturing young talent: “We're committed to empowering parents and children to embark on their entrepreneurial journeys with confidence and enthusiasm.”

Vancouver mother-daughter team bootstrapped startup

From a corporate career interrupted by COVID, Mirabela Muresan channelled her family’s entrepreneurial skills and founded AlessiaAdora with daughter Alessia

July 5, 2024
Family Business

A photo collage. From left: Arno Tatto, who sold Burnaby, B.C.-based KD Engineering Co.; Julie Afanasiff, Managing Partner at Western Canada-based deal advisory Sequeira Partners; Bob Lawence, founder of Vancouver-based VEER Business Advisors Ltd.

Family office ended up being best buyer for B.C. firm

‘A family office may be less likely than a private equity firm to look at your business as a short-term strategic asset’

July 3, 2024
Family Business

Zev Mandelbaum, chief executive officer and president of Toronto-based Altree Developments: “Our family history is one of resilience and perseverance. Both sides survived the Holocaust, and my grandfather got knocked down repeatedly over his life and business career, and always got back up.”

How Zev Mandelbaum’s developer family aims to avoid ‘shirtsleeves to shirtsleeves’

Toronto-based CEO of Altree Developments is a third-generation member of the family behind H&R REIT

June 27, 2024
Family Business

A photo collage: Left, father Jacques Maurice, who established the Jacques Maurice Group, now with over $9 billion dollars of AUM; and son, who founded the Guillaume Maurice Group in 2017, where he handles the discretionary management side, with AUM of about $800 million and average portfolio size ranging from $250,000 to $20 million.

Gaining trust of father’s clients one key to son’s success

Montreal wealth manager Guillaume Maurice shares what he learned from dad before founding his discretionary management firm, trends in clients’ needs, and what he might invest in

June 25, 2024
Family Business

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We offer high-quality, income producing, commercial mortgage portfolios for institutional, family offices and high net worth investors.

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Where silence isn’t golden: Deena Chochinov on holding families together

Therapist and author on the dangers of not communicating, entitlement traps and how wealth can be a blessing and a burden

June 17, 2024
Family Business

Michael Prittie, left, founder of Ottawa-based Prittie Private Wealth, transitioned the business to his son, Adam Prittie.

‘Do what is right, not easy:’ Ottawa advisor follows in dad’s steps

In honour of Father’s Day this weekend, we profile the succession story of Prittie Private Wealth

June 11, 2024
Family Business

Matt Knight, executive director of Edmonton-based Alberta Business Family Institute at the Alberta School of Business at the University of Alberta: “We … help families thrive in their businesses and, when they are successful, in structuring their wealth management for the next generations.”

Matt Knight at Alberta business families centre: from startup to exit

From consulting at Molson Coors and other family businesses to co-founding his own, the head of Alberta Business Family Institute understands their unique challenges

June 7, 2024
Family Business

This document can reduce tax and smooth family spats – but only if it’s signed

Shareholder agreements are uber-critical to family business. But creating one can be a struggle, and getting it signed might be worse

May 31, 2024
Family Business

A photo collage: Neil Wainwright, left, who sold the business he co-fouded, Nexonia; and Joel Lessem, who sold the business he co-founded, Firmex.

These founders sold to PE. The pros and cons

What to do if a private equity firm comes knocking to buy your business? Experts and founders weigh in

May 28, 2024
Family Business

The greatest destroyer of family wealth, according to Thomas Deans

Author’s third book continues to challenge accepted financial wisdom and smooth the transition of wealth to next generation

May 27, 2024
Family Business

Robyn Mair, left, and Monika Scott, founders of Mint Cleaning Products, with products in over 200 retail locations across Canada, saw business double last year, and an upcoming pitch to CBC’s Dragons’ Den.

B.C. mompreneurs’ turned health challenge into winning product

Lung scarring pushed Robyn Mair and Monika Scott to create eco-friendly Mint Cleaning Products in Ucluelet, Vancouver Island

May 10, 2024
Family Business

Lexi Miles Corrin, founder of Toronto-based WAXON Laser + Waxbar, with her family: “We are on a mission to revolutionize franchising from what has traditionally been known as a ‘boys’ club’ to an empowering, supporting opportunity for women in business.”

Lexi Miles Corrin built female-focused Waxon franchise at 25

Toronto-based WAXON Laser + Waxbar is a fully female franchise system and the firm’s philanthropy supports girls with potential

May 1, 2024
Family Business

Mother-daughter founders of Lifted Movement, Kate, left, and Kiara LeBlanc.

Ski accident led LeBlancs to create Lifted Movement

The Vancouver family who founded aromatherapy firm Saje, found a silver lining in the rehab needs of their daughter

April 9, 2024
Family Business

A photo collage - From left: Tara Mowat, President and CEO of The Logistics Alliance Inc.; Gillian Stein, CEO of Henry's; Shernee Chandaria, President of Conros Corporation and LePage’s 2000.

Daughters in charge: our non-toxic path to taking over family business

Video: We convened a panel of women to talk about their lived experience taking the reins of their family business. This is Part 3

March 21, 2024
Family Business

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