The Generational Impact of Business Family Facilitation with Steve Legler

The Generational Impact of Business Family Facilitation with Steve Legler

Welcome back to the Colloquium Podcast! In this episode, I welcome Steve Legler! Steve is a Family Legacy Guide from Montreal, Canada. He grew up in a family business and now works with other business families as a resource around all sorts of family matters related to their wealth transition.

In this episode, Steve talks about the generational impact of business family facilitation. He shares how a business family can be more aligned and how the management of wealth and the decision-making processes by the family is smooth and seamless. He also talks about how a family can work together more effectively for future generations. Join us and listen in!

[00:01 – 07:15] Opening Segment

  • Welcoming Steve to the show
  • Steve shares his background
  • Taking over his family’s business
  • Managing a small family office in 1991

[07:16 – 25:46] What Allows a Business Family to Continue Its Legacy

  • Defining a family office
  • Steve talks about family alignment
  • The importance of family engagement
  • ‘Passing the baton’
  • Common threads in families that get it right
  • Openness
  • Having proper relationships with the offsprings
  • The processes for an operating company vs. a purely financial family post-liquidity event

[25:47 – 38:36] Business Family Facilitation in Today’s World

  • The effect of social media and cultural changes
  • Today’s young people’s outlook of the future
  • Steve talks about when you should call a business family advisor
  • Getting started is the hardest part of transactions
  • How Steve is working with business families

[38:37 – 40:48] Closing Segment

  • How you can connect with Steve
  • Closing words