Optimizing Your Exit Strategy: Family Business Transitions
Presented By: BDO / UBS
Every family business faces a pivotal question: What’s next? Whether you’re considering a transition to the next generation, a partial sale, a full exit, or an ESOP, having a well-structured exit strategy is crucial for preserving both your financial future and the legacy of your business. You’ll hear why exit planning starts sooner than you think—and how to do it right, what to consider when evaluating different paths, and how to protect and maximize your family’s wealth.
Moderator:
Financial Advisor/ CEPA
UBS Financial, Private Wealth Management
Drew focuses on family owned businesses in the Midwest. He adds financial planning and transition planning depth to the team.
Drew had a successful career as a public accountant at Deloitte and Ernst & Young. Drew is a CEPA® (Certified Exit Planning Advisor®) and a non-practicing CPA and with his broad background, he assists closely held businesses owners before, during, and after business transitions. This is often a multi-year process during which Drew and his clients build long lasting relationship.
Drew is married and has three kids. Drew and his wife Liz live in St. Louis and enjoy taking active roles in their community. They met at the University of Tulsa, where Liz played soccer and Drew was the captain of the football team and was recognized as a Verizon Academic All-American. Drew is passionate about building our nation’s next generation of leaders and does so by coaching football.
Panelists:
Principal
BDO USA
Mike has spent the last 20 years representing his clients in a variety of tax matters and currently leads the Chicago Private Client Services (PCS) Tax Practice. In this capacity, he assists closely-held businesses in making tax-informed business decisions and counsels wealthy families and family offices in tax matters related to investment, philanthropy, and succession. He is active in the Chicago nonprofit community and currently serves on the board of the Chicago Children’s Museum
