Category: Blog

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Consultant vs. Advisor – Why Wingspan Legacy Partners is an Advisory Firm
For most people, the terms consultant and advisor connote the same thing: a professional who provides expertise to a business or group of people. While that is generally true, the...
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Bank Failures and Lessons for Cash Management
In the wake of the latest banking crisis, wealthy investors and family offices are being forced to rethink their cash strategies. According to wealth advisors, the wealthy are moving their...
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A New Era: Insights in the Fight for Talent
It would be reasonable based on the near constant media coverage and the frequency with which these businesses are featured during dinner table conversations, to think that startups and tech...
Planning the Future for Harlem’s Beloved Sylvia’s Restaurant
Sylvia’s Restaurant, which celebrated its 60th anniversary in August 2022, is a testament to the values instilled by the founder and matriarch, Sylvia Woods. She cultivated a strong community around...
Can the “Cummings Way” Live on After the Founder Retires?
After 50 years at the helm of Cummings Properties, billionaire and philanthropist Bill Cummings is winding down his roles at both the family business and foundation that he built. How...
A Family Business at a Crossroads: Scaling and Succession
In 2000, Rohit Gera turned his family’s boutique real estate development firm in Pune, India, into a dynamic innovator in housing solutions for urban Indian families. Today Gera Developments stands...
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Governing the Family-Owned Business
In any enterprise, the governance of the firm is critical to its long-term success. But governance of a family business is even more complicated, and the lack of effective governance...
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How To Fire Your Daughter
Firing an employee is often an ordeal. But what if you’re related to them? Wingspan Founder Christina Wing delves into this thorny topic for family business owners on an episode...
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Create a Culture of Generosity and Communication in Your Family Business
Regular families typically have to continuously work on communication issues and overcoming troubles caused by their shared experience. But when a family is also running a business, those issues take...