Home About Us Our Services Testimonials Latest News Client Resources Contact Us Make an Enquiry
"Ajen is an accountant who is down to earth and genuinely interested in their clients prospering."
"As a trusted advisor you guided our business back on course when the outlook was far from positive and we look forward to your continued assistance into the future"
"His attitude towards his work and my portfolio has been exemplary. He always finds time for me at short notice and is a benefit to all."
"Ajen always has a high standard of professional manner. He continued to give me good advice and is a reliable person, helpful in sorting out problems and finding solutions easily."
"Ajendra has made himself available sometimes even after normal business hours, to assist us with any questions we have, even when sometimes they may have seemed silly or simple, he has answered in full and easy to understand terminology, at no point has he ever made me feel silly for asking."
"He is always accessible to speak with and even calls me to ask if I need help with anything."
"Ajendra's willingness to dedicate "caring time" to his clients sets him apart from others."
"I am confident to refer friends and family to his team because I know they are in the most capable hands. Ajendra’s honest, caring and upbeat nature has been an absolute godsend and I am so thankful that our paths crossed"
"Ajendra’s speaks with you in a language that you can understand and comprehend easily which assists in equity and partnership with your tax agent."
"We find you have a personal approach to your accounting practice, which makes everyone feel like number 1. This is a rare and special trait, and leaves us knowing we are in good hands."
"He is very astute, and at the same time down to earth and really interested in his clients prospering. For people like us who are new to small business this is an absolute god sent."
"He shows a genuine interest and I never feel rushed. He has created a warm and friendly environement."

Why Succession Planning Matters for Privately Owned and Wealth Groups in Australia

Share this article:

Succession planning is often overlooked in the day-to-day management of privately owned businesses and family wealth groups, yet it is one of the most critical components of long-term success and legacy preservation.

.

In Australia, where a significant portion of the economy is driven by private enterprise and intergenerational wealth, planning for leadership and ownership transitions is not just good practice—it’s essential.

1. Safeguarding Business Continuity
Unexpected events such as illness, retirement, or death can destabilise even the most successful enterprises. A well-structured succession plan ensures business continuity by identifying future leaders and outlining clear transition steps. This minimises disruption, maintains client and stakeholder confidence, and protects the business’s value.

2. Preserving Family Wealth and Legacy
For family-owned enterprises, succession planning goes beyond operational leadership. It involves careful consideration of estate planning, asset protection, tax implications, and governance structures. By planning ahead, families can preserve wealth, avoid disputes, and align generational values with long-term objectives.

3. Enhancing Business Value
A business with a clear succession strategy is often seen as more valuable and less risky to investors, partners, and financiers. It demonstrates stability, maturity, and foresight—attributes that strengthen credibility and market appeal.

4. Reducing Tax and Legal Risk
Proactive planning helps optimise tax outcomes, particularly with regard to capital gains tax, trust structures, and superannuation. It also allows time to navigate legal complexities, ensuring compliance and mitigating the risk of costly disputes.

5. Empowering the Next Generation
Succession planning provides a structured path to mentor and develop future leaders. This not only strengthens internal capability but also builds confidence and engagement across generations.

In a competitive and ever-evolving landscape, privately owned businesses and wealth groups that invest in succession planning position themselves for longevity, prosperity, and a lasting legacy.

Want to know more?

Do you have a question about something you've read in this article? Need more information? Want to book an appointment? Simply let us know below and we'll get back to you ASAP.

Share this article: