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Knowledge plus series i 071213


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"Knowledge Plus for Wealth + " will give you the overview of the recent happenings in the financial market.
Business owners want their business to continue and grow even after they are no longer available. They want the business to run for the generation to come. For this purpose Succession Planning is must which can bring clarity for the family members and minimize the possibility of disputes.
In this issue, we will cover:
- Latest Happenings in the Financial Markets
- Benefits of Succession Plan
- Elements in Succession Plan
- Considerations while Developing Succession Plan
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Published in: Business, Economy & Finance

Knowledge plus series i 071213

  1. 1. VALUE PLUS - The Family Office KNOWLEDGE PLUS For Wealth Plus+ From Research Desk 07th December 2013
  2. 2. Hot Topic Of The Week Succession Planning Passing on the Baton Knowledge Plus for Wealth +
  3. 3. Last week at the Financial Markets!!! News Impact • Current Account Deficit (CAD) down to • $5.2bn in Q2 vs. $21.8 bn in same quarter last fiscal. • Will help to ease Inflation concern. • Positive indication of manufacturing activities. HSBC Manufacturing PMI in • November 2013 stood at 51.3 vs. 49.6 in October 2013. • Rupee will appreciate. improving Positive for core sector companies. • SENSEX rose by 204.60 points (0.98%) and closed to 20996.53 at end of the week on the back of encouraging exit poll results. • (FIIs) remained net buyers in equity and debt segment with net inflow of Rs. 2229.70 crores and Rs. 683.20 crores respectively. Knowledge Plus for Wealth +
  4. 4. Last week at the Financial Markets!!! Price Performance of Different Asset Class 6.00% Gold and silver fell after encouraging employment news from US leading to expectation of fed tapering 5.32% 5.00% 4.00% 3.00% 2.00% 0.98% 0.95% 0.85% 1.00% 0.00% -1.00% -2.00% WTI Crude $/bbl Sensex LME Copper $/MT EURUSD Dow Jones USDINR -0.41% -1.66% Gold (Spot) Silver $/t oz (Spot) -1.71% -2.55% -3.00% Knowledge Plus for Wealth +
  5. 5. Next Week in the Financial Markets..? • Index of Industrial Production (IIP) data for October will be released on December 12th, 2013. • Consumer Price Index (CPI)data will be released on December 12th, 2013. • Outcome of 5 states election results on 8th December, 2013. Knowledge Plus for Wealth +
  6. 6. Hot Topic Of The Week Succession Planning Passing on the Baton Knowledge Plus for Wealth +
  7. 7. Introduction • Most business owners harbour the dream of business to continue properly, successfully as well as flourish even after their lifetime. • A succession plan is nothing but a documented roadmap to be followed in the event of the owner, partner or shareholder’s death, disability or retirement. • An effectively developed succession plan can provide for a smooth transition in management and ownership. Knowledge Plus for Wealth +
  8. 8. Advantages • Clarity and direction for each family member for the future. • A future map for business can ensure your business to grow and evolve into an even stronger entity. • Eliminates confusion as to who will carry the legacy of the business when the owner is no longer available to make decisions. • Ensures smooth transition thereby avoiding delays or disputes placing strain on the business. • Provides focus for long term strategic planning. Knowledge Plus for Wealth +
  9. 9. Developing Succession Plan • Key goals for the succession plan • Deciding various pre-requisites like education, experience, skills and others. • Timetable of the transition stages, from identifying a successor to full transfer of responsibilities. • Contingency plans in case of unforeseen events, such as your intended successor declines the role. Knowledge Plus for Wealth +
  10. 10. Essential Wisdoms • Make Succession Planning as a process rather than an event. • Be professional and not protectionist. • Provide impartial plan for the sake of the business. • Don’t surrender business purely for wealth/tax benefits. • Don’t demand responsibility without giving ownership. • Don’t search for or try to create a clone of the current leader. Knowledge Plus for Wealth +
  11. 11. Conclusion • Succession planning is a complex tool useful for estate planning. It is not an event but a process and thus requires years to effectively develop it. • So, expert’s advice is required in developing effective succession plan and ensuring that the family business runs for the multi-generation. Knowledge Plus for Wealth +
  12. 12. THANK YOU Research Desk @ VALUE PLUS - The Family Office Office: (0265 -2324600,6629800) Email: Website: Knowledge Plus for Wealth +