For more information contact: emailus@marcusevans.com Katherine Lintz who is the Founder and Partner at Financial Management Partners and a speaker at the marcus evans Private Wealth Management Summit Spring 2013, shares succession planning best practices. Join the 2014 Private Wealth Management Summit along with leading regional investors in an intimate environment for a highly focused discussion on the latest investment strategies in the market. For more information contact: emailus@marcusevans.com

1. The Top 5 Succession Planning Tips
In private wealth management, the succession planning process has to start early, and take intergenerational
differences into consideration, says Katherine Lintz, Founder and Partner, Financial Management Partners. A speaker at the
marcus evans Private Wealth Management Summit Spring 2013, in Atlanta, Georgia, June 2-4, Lintz highlights best
practices that will help families and firms with succession.
Succession has to be thoughtful. Planning for the next generation means encouraging the current leaders to make
space for the next generation in the governance of the firm, family or business. A thoughtful succession plan takes a
number of years to form, because it involves the skills development of the next generation, practice in working together to
make good decisions and slowly integrates the next generation’s point of view of the world into the leadership of the family.
Self-awareness is required. Good succession planning requires a lot of self-awareness, generosity of spirit on the first
generation’s part, patience on the second generation’s part and focused energy from both parties, to recognize that they
both have quite a bit to contribute to the process. They must respect that there are different generational values and points
of view, as well as different styles of investing and management.
Create an open forum. For best results, combine all of the talent and energy into an open forum. To do that, many
families and firms will need outside advisors to facilitate the process. It is sometimes difficult for people to realize where
they are and be open to other ideas.
Recognize that this is difficult and requires a commitment to be successful. To do this well takes decades, not a
few meetings. So start early. Start the succession planning process early enough to allow for the years that it takes to get
this rich evolution in wisdom sharing to make the family stronger. Many firms and families mistakenly put off starting the
process because it can be awkward and they feel that they can simply kick the can down the road. This delay increases the
risk of a bad result and creates uncertainty.
Practice. Have all generations at the table together, making decisions and learning how to govern together. Find ways to
invite and engage all family members in decisions. Set the table by providing education and one-on-one time with each
member, to prepare them for the responsibility. The private wealth manager can play a very valuable role with families,
and consultants can play that role with firms and family businesses. Independent voices are often very helpful in this
process.
Katherine Lintz, a speaker at the marcus evans Private Wealth
Management Summit Spring 2013, shares succession planning
best practices.
Interview with: Katherine Lintz, Founder and Partner,
Financial Management Partners
for Private Wealth Managers

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About the Private Wealth Management Summit Spring 2013
This unique forum will take place at the Ritz Carlton, Buckhead, Atlanta, Georgia,
June 2-4, 2013. Offering much more than any conference, exhibition or trade show,
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Summit includes presentations on maximizing family legacy, manager selection,
investment opportunities in the current market and ensuring the successful
transition of multi-generational wealth.
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