Mar
8
Thu
March EPI LA Chapter Monthly Meeting @ Jewish Community Foundation
Mar 8 @ 7:30 am – 9:30 am

Family and Wealth Sustainability: Integrating Family Values with Wealth Planning For a Lasting LegacyPresented by Kevin Rogers, Managing Director, BNY Mellon Wealth Management

Location: Jewish Community Foundation 6505 Wilshire Blvd., Los Angeles, CA

Date/Time: Thursday March 8, 2018 @ 7:30AM

Summary:
In this workshop, Kevin Rogers, Managing Director for BNY Mellon Wealth Management, will
help answer the question “how do you prepare the family for the money?” Kevin will examine
the potential issues around wealth transfer and explore potential solutions. He will explain how
overcoming family dynamics and communication challenges will help to foster family
continuity, harmony and increased multigenerational wealth.
The presentation is designed to provide very helpful, practical ideas on how to interact with the
family in a climate of changing resources. The “Five Step Process to Healthy Family
Governance” (described in the presentation), will give you a method to confidently establish
processes within the family.
Learning Objectives

  • Differentiating between family wealth and family values
  • Properly identify common challenges faced by the family
  • Develop a plan to transfer wealth with balance towards generational differences
  • “Five Step Process to Healthy Family”

Presenter: Kevin Rogers, Managing Director, BNY Mellon Wealth Management
Kevin Rogers is a managing director for BNY Mellon Wealth Management. In this role, he
provides investment advice to individuals and families by creating tailored wealth management
solutions to meet their investment, trust & estate, wealth planning and private banking needs.

Apr
12
Thu
April EPI LA Chapter Monthly Meeting @ Jewish Community Foundation
Apr 12 @ 7:30 am – 9:30 am

Double the Value of Your Family Business in 3 Years – The power of the Sustainable Value WheelPresented by Ken Ude, Director of the USC Marshall Family Business Program and
Managing Director of The Board Group

Location: Jewish Community Foundation 6505 Wilshire Blvd., Los Angeles, CA

Date/Time: April 12, 2018 / 7:30 – 9:30 am

Summary:
If you’re considering the sale of your family-owned business …. why not double its value and the return to the stakeholders before going to market. Long term value is created by identifying and strengthening the factors that build a valuable company. It’s more than just driving EBITDA. The Sustainable Value Wheel™ process allows management and the board to rate the performance of 15 Value Factors in 5 Segments that drive long term Sustainable Value in their business. The wheel and the improvement process focus the company on building the long term value of the business and reducing business risk. The focus of the Sustainable Value Wheel is on improving financial performance and also increasing the multiple of the company and making it a ‘must have’ company.
The process of using the Sustainable Value Wheel gains value as more members of the management team use the tool and if it is repeated on a quarterly basis. Repeating the tool helps to provide focus on the key areas of creating value and reducing overall business risk.

Learning Objectives

• Identify areas to focus on that create additional value in your company
• Set clear objectives
• Get buy-in with the management team
• Decide where to invest

Presenters: Ken Ude, Director of the USC Marshall Family Business Program and Managing Director of The Board Group.

Ken Ude is Director of the USC Marshall Family Business Program and Managing Director of The Board Group. Ken has served as President / CEO of six different private equity backed companies in various industries that were facing a variety of critical business challenges. What they had in common was the need to create stability in the organization, grow the top line and trim expenses to drive profitability. He stands on the mantra: “If it can be measured, it can be improved”. He also serves on the Boards of several family-owned businesses. Ken earned his MBA and a Master of Public Relations from the University of Southern California.

May
10
Thu
May EPI LA Chapter Monthly Meeting @ Jewish Community Foundation
May 10 @ 7:30 am – 9:30 am

Interview with a Business Owner who Implemented an Employee Stock Ownership Plan (ESOP) as an Exit Strategy  Presented by Scott Gaudineer, Sheryl Alzona and Melisa Silverman

Location: Jewish Community Foundation 6505 Wilshire Blvd., Los Angeles, CA

Date/Time: May 10, 2018 / 7:30 – 9:30 am

Summary:
An ESOP Plan is one of many exit strategies available to business owners. In this interactive interview with a business owner who implemented an ESOP in 2013,
the Company’s ERISA attorney that worked with them to design and implement the ESOP and the current financial advisor who worked with the Company through a DOL audit.

Learning Objectives

  • The thought process that went into deciding to implement an ESOP as an exit strategy
  • The tax benefits to the business owners as well as the business
  • The complexities and costs associated with implementing an ESOP and ongoing compliance requirements
  • Valuation requirements and procedures to implement to avoid a DOL audit
  • Discussion whether an ESOP as an exit strategy is right for every business

Presenters: Scott Gaudineer, CEO of Flewelling & Moody, Inc.,  Sheryl Alzona, Attorney with Employee Benefits Law Group, and Melisa Silverman, President of Ave M Advisors, Inc.

Jun
7
Thu
June EPI LA Chapter Monthly Meeting @ Jewish Community Foundation
Jun 7 @ 7:30 am – 9:30 am

Setting Up a Family Office in Preparation for a Business Exit Alyssa Weinberger, Lido Consulting, LLC; Dr. Carolyn Friend, Inheriting Wisdom; Tes Macaraya, Martini, Iosue & Akpovi. Kathleen Tepley will moderate the panel discussion.

Location: Jewish Community Foundation 6505 Wilshire Blvd., Los Angeles, CA

Date/Time: June 7, 2018 / 7:30 – 9:30 am

Summary:
What is a Family Office? How are Family Office’s being used to transition family businesses
between generations? What are some of the challenges that Family Office’s face? Is family
governance important to the success of the Family Office?
In this session, participants will receive an overview of the Family Office industry and the
reasons that Family Offices are becoming popular in the exit planning process. The session will
also discuss some of the challenges that Family Offices inevitably face as well as the tax savings
and consequences that should be considered when starting a Family Office.

Learning Objectives

  • Understanding of the Family Office industry
  • The essential skills required for professionals when working with affluent families
  • Recognizing the importance of finding “outside the box” investment strategies
  • Understanding the critical questions to determine if your clients are good candidates to
    start a Family Office
  • The importance of moving forward
  • Understanding the tax consequences of starting a Family Office
  • Implementing successful family governance and delegation within the Family Office

Panelists: Alyssa Weinberger, Lido Consulting, LLC; Dr. Carolyn Friend, Inheriting Wisdom;
Tes Macaraya, Martini, Iosue & Akpovi. Kathleen Tepley will moderate the panel discussion.