"Rags to riches to rags in three generations?" You have something more in mind.
We put your wealth to work for you and your family, and keep it working for generations to come.
High Net Worth Individuals
Consistently ranked one of the top 50 wealth managers in the nation, the Beringer Group offers access to a world class network of opportunities, relationships and strategies not available to most investors. Our inside knowledge of asset protection and alternative investments, combined with advanced reporting capabilities and unequaled due diligence, enable us to give clients a clearer picture of what is, and what is possible, than any other advisory firm.
Affluent Family Enterprises
It’s not a good idea to be the last one selling buggy whips. The business that initially generates wealth for a family may only be one piece of a much larger legacy. The most successful families, over the long term, are those who learn to stay on top of trends and create an “enterprise” that nurtures a diverse panopoly of profitable and charitable ventures. The Beringer Group is adept at optimizing these enterprises and imparting the values, strategies and skills that help them succeed.
Privately Owned Businesses
Many business owners spend decades building a successful business and then unnecessarily lose millions of dollars in a few crucial moments in the business life cycle. Keeping a company and transferring it to the next generation requires very different planning than selling it to a third party. Not planning for either puts you in a position where outside forces dictate your future. The Beringer Group can help you to prepare now to be in a position to profit when it matters most.
Many people do pieces of what we do. We are one of the few who bring it all together.
The Beringer Group is a privately held independent advisory firm. We have been working with the owners of substantial privately-held businesses and the heads of affluent family enterprises since 1979.
We have helped our clients make some of the most difficult decisions of their lives. Our strategic succession planning, investment services, tax mitigation expertise and access to exclusive private equity networks has helped us provide clients with innovative, objective, and contemporary solutions to a large number of critical issues.
In the process, we have helped them avoid catastrophic tax consequences, given their businesses and endeavors new life, and provided for their families, their employees and their communities for generations to come.
Only 5% of inheritances survive 3 generations
60% of inheritances disappear by the 2nd generation. 90% disappear by the third
Only 30% of family businesses survive two generations
Only 3 percent of family businesses survive to the 3rd
47% of business owners over 55 hope to sell in three years
Only 10% of these have a legitimate exit strategy
only 38% of business owners implement their succession plans
73% have not focussed on tax mitigation issues in their succession plans
Our managing directors have an average of 25 plus years of experience in the markets we serve.
Theodore A. Beringer
Christopher M. Beringer
John R. Fye
John R. McAlister II
Linda L. Postorivo
Barry J. Levin
JOANNE M. VANDERHEYDEN
Christopher S. Hughes
John W. Leighbody
Ellen C. Pierce
Few events are more thoroughly planned than the World Olympics. All potential host locations are examined for worthiness and careful thought is given to the iconic ritual of “the passing of the torch”. OK…..we realize the transition planning process for your private company is not the Olympics. But, you will someday be passing a torch,[…]
by Diane Fye Wealth transfer across generations has a whopping 70% failure rate worldwide. Perhaps more of the focus should be on preparing the receivers. You can have the best wills and trusts, but if your heirs are unprepared your family wealth could easily become part of this statistic. Consider breaking ground on a bridge[…]
by Chris Beringer and Linda Postorivo Every family has unique challenges and obstacles that they face. The Family Office Industry has developed a tag line, “When you’ve seen one family office, you’ve seen one family office”. The level of customization is incredible in supporting high net worth individuals. That said, there are some commonalities among[…]
The Beringer Group enjoys nothing more than recognizing Client Achievement. Our experienced team is driven to exceed client expectations by providing successful, innovative solutions. TBG is nationally recognized as a thought leader in advanced business transition planning and family office advising. The private business and family enterprise has been our core clientele since 1979. Sampling[…]
Look forward to a new look, new content and a whole slew of exciting upgrades as THE BERINGER GROUP puts the final touches on its massive new website overhaul.
Business Transition Planning Ideas to Get Started: Engage a lead professional to work with you and your trusted advisors Start early and articulate your objectives Have existing estate documents reviewed Review for consideration all exit options and transition strategies Coordinate personal and business planning to assure attainment of ultimate objectives Begin implementation of chosen strategy[s][…]
In 2015, the inflation adjusted amount of the applicable exclusion for gift, estate and generation skipping tax purposes will increase from $5,340,000 to $5,430,000. The top gift and estate tax rate remains at 40% and the annual gift tax exclusion remains at $14,000. Increased tax exclusion amounts and persistent low interest rates offer some potentially[…]
by Diane Fye The end of the year brings our attention to the financial balance sheets of our businesses and family wealth. Are we as mindful of our Human Capital balance sheets? Has the Human and Intellectual Capital in our business and/or family increased in 2014? And do we recognize how important this is to[…]
by Brad Standridge Family businesses are at the heart of the American economy, employing between 40 and 60 percent of private sector employees and contributing the same percentage to the nation’s GDP. That’s the good news. Statistics also indicate that only about one in three of family businesses survives to the second generation and 10[…]
by John Fye Private Business Owners: Is the finish line in sight? Current research shows that each day until 2030, 10,000 members of the Baby Boom generation – including many business owners will reach age 65. The resulting turnover in business ownership could produce the largest transfer in private wealth in our nation’s history. Today,[…]