Clarfeld noted that the business owners are not hastily making financial decisions related to the business. They indicated that they typically consider input from business partners (23%), wealth managers (19%) and accountants (13%). And 59% said their financial advisors also offered insight and expertise during the crisis and proactively approached them around succession planning changes.
Clarfeld | Citizens Private Wealth is a wealth management firm and multifamily office based in Tarrytown, N.Y.