Northwood Family Office

Northwood Family Office

November 30, 2010 09:00 ET

Northwood Family Office publishes article "Risk and the Role of a Family Office: What Entrepreneurs and Senior Executives Need to Know" in Nov/Dec 2010 edition of the Ivey Business Journal

TORONTO, ONTARIO--(Marketwire - Nov. 30, 2010) - Tom McCullough, CEO of Northwood Family Office, a Toronto-based multi-family office which serves the comprehensive needs of wealthy families, recently authored a paper in the November/December 2010 edition of the University of Western Ontario's Ivey Business Journal. The article, titled, "Risk and the Role of a Family Office: What Entrepreneurs and Senior Executives Need to Know" summarizes the risks that wealthy entrepreneurs and executives face, and how a family office mitigates those risks.

Business owners and corporate executives often have significant exposure to one concentrated asset. There are four key risks that result:

  1. Concentration risk,
  2. Management risk,
  3. Balance sheet risk, and
  4. Succession risk.

Mr. McCullough explains, "Creating wealth is considerably different than sustaining that wealth, particularly if you are an entrepreneur or corporate executive. The path to this particular type of sustainability can be a perilous one, but a family office can smooth that path and ensure that it remains clear for those who will inherit the wealth."

For over 70 years, the Ivey Business Journal has been one of Canada's premier sources for industry leading, incisive, and practical articles about business management. 

To read the full article, visit:
http://www.iveybusinessjournal.com/risk-and-the-role-of-a-family-office-what-entrepreneurs-and-senior-executives-need-to-know

To find out whether or not a family office might be right for you, take the Self-Assessment Quiz at:
http://www.northwoodfamilyoffice.com/quiz.asp

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