Family enterprises are the foundational pillars of prosperity and economic growth in most industrialized countries around the world. Today, more than at any point in history, we have a greater understanding of the nature of family enterprises and their impact on our economies.
Approximately one third of family entrepreneurs are planning to transition leadership of their businesses and wealth in the very near future; 90% of them expect to transition leadership to a family member. Generational transition is one of the most important challenges family enterprises face, and is a critical issue for which they seek strong, clear and engaged advice.
Families add an element of continuity and long-term thinking to their businesses that many non-family enterprises lack. Becoming FEA certified will not only help you deliver the highest quality advice for business families, but it will reinforce your standing and expertise in this growing and critical sector of the business world.
The FEA Program is the only professional development opportunity of it’s kind in the world leading to a designation that will distinguish you as a specialist to business families. Take your advising expertise to a whole new level.
Be fluent in family enterprise.
- Family businesses create an estimated 70 to 80% of global GDP annually
- Family businesses contribute 64% of the US GDP and 50% of the Canadian GDP
- About half of the Canadian workforce is employed in family businesses
- Family-controlled businesses constitute 80% of all businesses worldwide
- 55% of all charitable donations are given by family businesses.
"There is a great deal of distraction in family businesses, deriving from personalities, ownership issues, family involvement/ interference and communication issues, both within the business structure and at outside family gatherings. The FEA program provided excellent support and training that has helped me to understand
and navigate these complexities."
Nora Jones CPA, CA, CFA, MBA, TEP, FEA
Private Banker, RBC Wealth Management