Illustration of a Private Banking advisor from Berenberg in a client meeting

Business Exit Strategy - Retirement

A sample case

» A family had built a trading company for over three generations. They were approached by a competitor in 2006 with a generous and very attractive offer for the company that combined cash and stock in a publicly traded company. 

The decision presented a unique set of issues and opportunities for this multi-generational family. 

We initiated a dual approach to the planning and investment process. We suggested that the family place the proceeds of the sale into short-term time deposits at serveral banks to give them time to plan properly. A series of trust, were created to begin the process of flwoing wealth down to future generations. Some of the solutions were quiet simple (annual gifting, and paying for education, etc) while others were more complex and required sophisticated analysis and execution. We brought in outside specialists on insurance to evaluate current policies and assess future needs. 

We then customised portfolios for each entity designed to meet the stated goals. By slowing down the transition process we were able to ensure that a proper trust and estate planning exercise took place.

Berenberg Wappen