"Rags to riches to rags in three generations?" You have something more in mind.
We put your wealth to work for you and your family, and keep it working for generations to come.
High Net Worth Individuals
Consistently ranked one of the top 50 wealth managers in the nation, the Beringer Group offers access to a world class network of opportunities, relationships and strategies not available to most investors. Our inside knowledge of asset protection and alternative investments, combined with advanced reporting capabilities and unequaled due diligence, enable us to give clients a clearer picture of what is, and what is possible, than any other advisory firm.
Affluent Family Enterprises
It’s not a good idea to be the last one selling buggy whips. The business that initially generates wealth for a family may only be one piece of a much larger legacy. The most successful families, over the long term, are those who learn to stay on top of trends and create an “enterprise” that nurtures a diverse panopoly of profitable and charitable ventures. The Beringer Group is adept at optimizing these enterprises and imparting the values, strategies and skills that help them succeed.
Privately Owned Businesses
Many business owners spend decades building a successful business and then unnecessarily lose millions of dollars in a few crucial moments in the business life cycle. Keeping a company and transferring it to the next generation requires very different planning than selling it to a third party. Not planning for either puts you in a position where outside forces dictate your future. The Beringer Group can help you to prepare now to be in a position to profit when it matters most.
Many people do pieces of what we do. We are one of the few who bring it all together.
The Beringer Group is a privately held independent advisory firm. We have been working with the owners of substantial privately-held businesses and the heads of affluent family enterprises since 1979.
We have helped our clients make some of the most difficult decisions of their lives. Our strategic succession planning, investment services, tax mitigation expertise and access to exclusive private equity networks has helped us provide clients with innovative, objective, and contemporary solutions to a large number of critical issues.
In the process, we have helped them avoid catastrophic tax consequences, given their businesses and endeavors new life, and provided for their families, their employees and their communities for generations to come.
Only 5% of inheritances survive 3 generations
60% of inheritances disappear by the 2nd generation. 90% disappear by the third
Only 30% of family businesses survive two generations
Only 3 percent of family businesses survive to the 3rd
47% of business owners over 55 hope to sell in three years
Only 10% of these have a legitimate exit strategy
only 38% of business owners implement their succession plans
73% have not focussed on tax mitigation issues in their succession plans
Our managing directors have an average of 25 plus years of experience in the markets we serve.
Theodore A. Beringer
Christopher M. Beringer
John R. Fye
John R. McAlister II
Bradley S. Williams
Linda L. Postorivo
Barry J. Levin
JAMES B ALDRICH
JOANNE M. VANDERHEYDEN
Christopher S. Hughes
John W. Leighbody
Ellen C. Pierce
The Beringer Group honors Mark Baiada, his family and BAYADA Home Health Care. BAYADA is the nation’s 10th largest home health care company with $1.1 billion in annual revenue. Mark, the founder and president of BAYADA Home Health Care, recently announced his carefully considered and planned decision to transfer ownership of the private company to[…]
Protecting the Golden Goose: What we have learned over the past 37 years about shareholder conflict in family businesses – and what to do about it
by John McAlister and Chris Beringer The objective of this white paper is to suggest ways for family businesses to maximize financial objectives while minimizing family conflict. There are inherent conflicts between active and inactive shareholders. There are also deep seated emotional conflicts that may go back generations. These issues can be dealt with, but[…]
EFFECTIVE BOARDS FOR A PRIVATE ENTERPRISE The creation of a customized board of directors can prove beneficial to the continuous improvement of the private business. For a family-owned enterprise an effective board strives to improve business governance and perpetuate family control. This active board should include qualified, experienced outside directors. An effective director’s only interest[…]
Join the Beringer Group for a lively discussion on how to transform conflicts into golden opportunities when transitioning a family business. Click HERE for a PDF file of the slides used during the webinar. Scroll below the media player for comments and questions generated from the discussion, or to add your own.
“Rags to riches to rags in three generations?” You have something else in mind? The Beringer Group has identified some Key Success Indicators for your consideration. Identify future leaders from within and outside the family Find leaders early and invest in them Approach CEO succession proactively Preserve an enduring sense of clearly defined family values[…]
Is one generation enough time for your family business to realize the company’s mission and objectives? Would you like to successfully transition the family business to your heirs for generations to come? Consider implementing the “Art of Stewardship” in the near-term and as a key part of training and developing future generations. Cultivate a commitment[…]
Congratulations to the Capo brothers and El Dorado Furniture for being recognized as one of five “Family Dynasties” who lead the retail furniture industry. The Beringer Group was honored to attend the 2015 Furniture Today Leadership Conference in Naples, FL and watch alongside a busload of El Dorado’s valued employees and family members as the[…]
The Beringer Group is very pleased to announce the addition of Brandon Klakowicz to the TBG team. Brandon’s expertise and energy will add great value to our growing Client Services department. Originally from Philadelphia and a graduate of Penn State, Brandon will split his time between Philadelphia and Tampa and his efforts will be nationally[…]
A large fraction of all privately owned businesses will be exited through either succession or sale during the next decade. Yet, most entrepreneurs are currently NOT deeply engaged in a transition and succession planning process. Most indications confirm that personal, family and psychological factors deter business owners from getting started on this critical planning. Most[…]
Have you assembled best-in-class advisors and now ask…what do I do with them? How will the efforts of the entire team be coordinated? How do you make sure that their work ultimately supports your goals? And, are your personal and business transition plans aligned properly? Every business owner needs a dream team and every dream[…]