Family cohesion is the foundation of long-lasting family business.
Family businesses often struggle with cohesion due to:
lack of clarity in family values
poor communication and undefined roles among family members;
individual egos which leads to power struggle.
Succession in value is a must in ensuring and maintaining family cohesion.
Family wealth often diminishes when transferred across generations due to:
poorly planned succession strategy
complex and challenging tax issues
unclear communication and clashing interests among family members.
Strategy for succession in wealth is crucial for preserving intergenerational wealth.
Family businesses often ceased to exist due to lack of leadership quality in successors.
A few challenges faced by family businesses are:
lack of long term succession planning and leadership preparation
complex family dynamics and emotional attachment
unclear definition of responsibilities and accountabilities.
Succession in leadership has to be strategically planned and prepared as soonest.
Successful family businesses succeed by professionalising both their operations and family governance. PwC Indonesia supports this journey with tailored Wealth and Family Office solutions.
As trusted, independent advisors, we collaborate with you to create a bespoke family office that aligns with your unique goals and values. Our services address the distinct challenges family businesses encounter, including succession planning for value, wealth, and leadership—ensuring the ongoing success and lasting legacy of your family.
Family investments
Family business
Wealth Compass is a robust family office accounting and data aggregation solution that brings speed, quality and independent reporting together to help you manage, reconcile and understand your family’s wealth. We serve ultra-high-net-worth individuals, single and multi-family offices, and fund managers.
We bring together PwC’s experience with the right technology to help manage the complexity that comes with wealth and ease the burden on family offices.
By providing a holistic view of liquid and private investments, family office leaders can improve financial decision-making, risk management and controls to better protect and grow wealth.
Date: 15 June 2023
