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Meristem Securities Limited Nigeria | Blog

The High Cost of Failed Wealth Transfer

Think of a hardworking founder of a highly successful enterprise. With significant labour, sacrifice, and commitment, they have achieved significant success. As they advance in years, their deepest desire is for the product of their labour to be transferred seamlessly to the next generations. They want their wealth to not only provide their descendants with…

ByBrand & Comms TeamJuly 2, 20240Comments

Family Office Advisory

Handling Threats to Multigenerational Wealth

Success in generational wealth transfer is a challenge for many families. Statistics show that 7 out of 10 families will lose their wealth by the second generation, with 9 out of 10 losing it by the third. This staggering number has a significant impact on the well-being of existing and unborn family members, as well…

ByBrand & Comms TeamJune 28, 20240Comments

Family Office Advisory

Succession Planning: Avoiding Pitfalls for a Smooth Transition

What is Succession Planning? Succession planning in the context of family wealth management involves the process of preparing for the seamless transfer of leadership, management, and ownership of a family business or wealth to the next generation or chosen successors. This strategic undertaking is key in ensuring the continuity and long-term sustainability of the family's…

ByBrand & Comms TeamJune 24, 20240Comments

Family Office Advisory

Nurturing Harmony: Avoiding Battles in the Family Business

Family businesses are unique entities that blend personal relationships with the challenges of running a successful enterprise. With ownership, management, and control predominantly held by family members, they play a crucial role in generating employment and driving economic growth. Studies reveal that family businesses contribute significantly to global GDP and job creation. Their resilience during…

ByBrand & Comms TeamJune 24, 20240Comments

Family Office Advisory

Preserving Your Story for Generations

ByBrand & Comms TeamMay 22, 20240Comments

Family Office Advisory

The Power of the Family Story in Wealth Preservation

Accomplished patriarchs and matriarchs carry the battle scars of their entrepreneurial journey, lessons unique to their family's story. From failed attempts to multiple rejections, doggedness in the face of hopelessness, bad decisions with tough consequences, and the ultimate joy of breaking through. The lessons are similar on the wealth journey, yet uniquely theirs, forming the…

ByBrand & Comms TeamFebruary 13, 20241Comment