Meristem Family Office report highlights succession and founder dependence as key risks to family wealth continuity

The report identifies founder dependence as a primary risk to long-term continuity, with 40% of respondents citing it as a major concern, while only 20% reported having a clear written succession plan. Many family businesses rely on the founder for key relationships, commercial knowledge, and decision-making, which can create vulnerabilities if not transferred into stronger systems. The report stresses that succession involves more than just choosing a successor; it includes decisions about the business's future, ownership clarity, leadership, and preparing future leaders.

It also highlights the importance of governance in managing complexity, which can simplify ownership, decision-making, and information-sharing. The report introduces a "Complete Wealth" perspective, arguing that financial capital alone is insufficient for continuity; capable people, transferable knowledge, and clear values are also crucial. It notes that 40% of respondents found the next generation focused on their own paths, suggesting that business exposure and mentorship can strengthen their readiness.

The report also considers external factors like currency movements, technology, and regulatory changes that reshape family wealth. It encourages families to asse