Minnesota Family
Business Seminars
As part of our Minnesota Family Business Awards celebration,
we will lead special family business seminars. Topics will be
informative, educational and timely for anyone involved with a
family business. These seminars are free of charge.
Leveraging Family in your Business
Have you considered the value that your family members can bring to
the business? This workshop will address how to leverage that value. We
will view the competencies associated with family business to build a
solid foundation for growth. Sponsored by University of St. Thomas.
Thursday, April 21st, 2010 7:30–9:00 a.m.
University of St. Thomas,
Terrance Murphy Hall room 460
1000 Lasalle Avenue, Minneapolis
Register at minnesotabusiness.com
“Can’t We All Just Get Along?”
COUNSELING FAMILY/ CLOSELY-HELD BUSINESSES: How to Plan for
the Future and Avoid Litigation. Sponsored by Gray Plant Mooty.
Thursday, April 29th 7:30–9:00 a.m.
Gray Plant Mooty offices, 500 IDS Center,
80 South Eighth Street, Minneapolis.
Register at minnesotabusiness.com
Family Business: Managing To Multiple Bottom Lines
Successful family owned businesses manage to multiple bottom lines. In
addition to the traditional metrics employed by other businesses, they set
and monitor metrics related to governance and wealth and estate planning
like transfer of ownership. Sponsored by Lurie Besikof Lapidus, LLP.
Thursday, May 13th 7:30–9:00 a.m.
Lurie Besikof Lapidus, LLP offices
2501 Wayzata Boulevard
Register at minnesotabusiness.com
Unraveling Family and Business So You Can Succeed
at Both! Unraveling family business entanglements will focus on creating
the necessary structures to assist your family business in achieving success
as a business and maintaining family harmony. Sponsored by Hubler For
Business Families.
Thursday, May 20th 7:30–9:00 a.m.
Lurie Besikof Lapidus, LLP offices
2501 Wayzata Boulevard
Register at minnesotabusiness.com
“If someone has
antiquated account
statements or lack
of online access,
it doesn’t mean
they’re running
a Ponzi scheme,
but it’s worth
examining.”
—GREG SAINSBURY, BLUECHIP ADVISORS
black marks. He says, “Don’t rely on testimonials
from other clients without checking them out, either.
They could be complete strangers. Instead, check
with FINRA, find out if they’re licensed with the
SEC, really look into this individual.”
Another area to check is insurance, Foster adds.
All JNBA clients have fraud insurance, and other ad-
visory firms also offer this type of insurance. These
policies don’t protect against market declines, but
they do protect against theft of securities in the case
of fraudulent transactions.
Helvetica Neue 57
12pt / 12pt
1/2 shield’s width away from UST Business type
TRUST YOUR GUT:
The bad news is that there’s no such thing as easy
money. If the markets are down across the board,
and someone comes along promising consistently
high returns, there’s a reason an investor might feel
at least a twinge of suspicion.
Langer says, “If you start asking questions and
don’t like the answers, run away. Make sure your
advisor is willing to educate you, and if the performance seems very good, have them explain why it’s
so good.” If an advisor seems to be bobbing and
weaving instead of speaking intelligently, he notes,
don’t be afraid to keep asking for more information.
After all, that’s a huge part of an advisor’s job—to
articulate how assets are being used, where they’re
located, and why they might be lower or higher than
the last statement.
“There will always be bad guys,” adds Brown.
“If people ask the right questions and set realistic
goals, they should be fine. They just need to understand there are no shortcuts. If something seems too
good to be true, then chances are that it is.”
