Manu Sreenivasan

Founder & Managing Director at Wektra Family Office. Advising families on preserving their Legacy - Wealth Creation, Preservation and Transfer

[Manu Sreenivasan @msreenivasan]

Way to go Team @FourthAmbit!!! @rahuldas09 @sbm_fourthambit @JikkuJolly @rubychandu https://t.co/oN39gCTpQ1

[TiE Bangalore @TiEBangalore]

Targeting freshers for internships/jobs at your #startup? Be part of Fourth Ambit Kaleidoscope to get access to fresher talent.
Contact: [email protected].
#FAKaleidoscope @FourthAmbit

[Manu Sreenivasan @msreenivasan]

@AIWMI @adityagadge @cyrilamarchand @tariqaboobaker @SandeepNerlekar @GhosalPallabi1 Thank you!

[Manu Sreenivasan @msreenivasan]

@AIWMI @adityagadge @cyrilamarchand @tariqaboobaker @SandeepNerlekar @GhosalPallabi1 Sharing of caselets about successful multi generational family businesses, holding sessions on topics such as estate planning, encouraging interaction with other business families, encouaging them to attend seminars and workshops
#PBSI2018 #CPBM @Wektra_FO

[Manu Sreenivasan @msreenivasan]

@cyrilamarchand @AIWMI @adityagadge @tariqaboobaker @SandeepNerlekar @GhosalPallabi1 It is becoming increasingly multi disciplinary - Legal, Wealth Management, Tax planning, Estate Planning etc. - and all with multi geographic focus!

[Manu Sreenivasan @msreenivasan]

@AIWMI @adityagadge @cyrilamarchand @tariqaboobaker @SandeepNerlekar @GhosalPallabi1 Define family's vision and values along with the organization's vision and values. Identify family talent with matching skills and groom them. Focus on business continuity with independent board, leadership councils etc. Family vs Corporate governance
#PBSI2018 #CPBM @Wektra_FO

[Manu Sreenivasan @msreenivasan]

@SandeepNerlekar @AIWMI @adityagadge @cyrilamarchand @tariqaboobaker @GhosalPallabi1 True! The openness of the family to external views + ability of the professional to understand and work with family business dynamics is key.

[Manu Sreenivasan @msreenivasan]

@AIWMI @adityagadge @cyrilamarchand @tariqaboobaker @SandeepNerlekar @GhosalPallabi1 The rules of the game (both business and family dynamics) are changing. One needs to be open to whether you want to be owner + manager perpetually, or is it okay to be an owner and get professionals to run your business.
#PBSI2018 #CPBM

[Manu Sreenivasan @msreenivasan]

@AIWMI @adityagadge @cyrilamarchand @tariqaboobaker @SandeepNerlekar @GhosalPallabi1 An independent person to talk to can help in many cases and help bring in objectivity. The external member can also bring in fresh perspectives based on their learnings elsewhere.
#PBSI2018 #WealthManagement #PrivateBanking #CPBM @Wektra_FO

[Manu Sreenivasan @msreenivasan]

@AIWMI @adityagadge @cyrilamarchand @tariqaboobaker @SandeepNerlekar @GhosalPallabi1 Many family businesses lack a strong independent board and advisors, and hence may not get independent perspectives and advice on overcoming these challenges.
#PBSI2018 #WealthManagement #PrivateBanking #CPBM @Wektra_FO

[Manu Sreenivasan @msreenivasan]

@AIWMI @adityagadge @cyrilamarchand @tariqaboobaker @SandeepNerlekar @GhosalPallabi1 In the past, the family head’s will was followed by the next gen, but not the case anymore. The next gen increasingly wants to chart their own path. Lack of open communication between generations compounds the problem.
#PBSI2018 #WealthManagement #PrivateBanking #CPBM @Wektra_FO

[Manu Sreenivasan @msreenivasan]

@AIWMI @adityagadge @cyrilamarchand @tariqaboobaker @SandeepNerlekar @GhosalPallabi1 One good example is the VGuard, Wonderla, V-Star goups of companies. Well articulated succession plan and division of ownership and management. @VGuardOfficial @Wonder_La @V_StarCreations
#PBSI2018 #WealthManagement #PrivateBanking #CPBM

[Manu Sreenivasan @msreenivasan]

@AIWMI @adityagadge @cyrilamarchand @tariqaboobaker @SandeepNerlekar @GhosalPallabi1 We see a significant bias towards overseas education. However, not enough attention has been given to succession and the dynamics of a family business. Agree with @cyrilamarchand good workshops and seminars are avaiable now.
#PBSI2018 #WealthManagement #PrivateBanking #CPBM

[Manu Sreenivasan @msreenivasan]

@AIWMI @adityagadge @cyrilamarchand @tariqaboobaker @SandeepNerlekar @GhosalPallabi1 A Family Office structure helps in segregating the business and the family governance. The FO act as a single point contact, and can bring in an independent perspective without the strings of family relations pulling them.
#PBSI2018 #WealthManagement #PrivateBanking #CPBM

[Manu Sreenivasan @msreenivasan]

@AIWMI @adityagadge @cyrilamarchand @tariqaboobaker @SandeepNerlekar @GhosalPallabi1 Don'ts - Should not be event based, Entitlement mentality of family members, Not passing/Grabbing/Being forced the baton
#PBSI2018 #WealthManagement #PrivateBanking #CPBM

[Manu Sreenivasan @msreenivasan]

@AIWMI @adityagadge @cyrilamarchand @tariqaboobaker @SandeepNerlekar @GhosalPallabi1 Dos - Make a plan, Continuous process, Talent identification and development, Be open to external leadership, Ask the prospective successors explicitly, Communicate the plan openly
#PBSI2018 #WealthManagement #PrivateBanking #CPBM

[Manu Sreenivasan @msreenivasan]

@AIWMI @adityagadge @cyrilamarchand @tariqaboobaker @SandeepNerlekar @GhosalPallabi1 I often quote this example in the context of succession planning...The US relay teams, individually brilliant, but consistently manage to mess up they tansition
#PBSI2018 #WealthManagement #PrivateBanking #CPBM

[Manu Sreenivasan @msreenivasan]

@AIWMI @adityagadge @cyrilamarchand @tariqaboobaker @SandeepNerlekar @GhosalPallabi1 Succession Planning to me is like a relay race involving meticulous, systematic and continuous planning and execution for passing the baton (transition) and finishing the race (delivering on the family/org vision).
#PBSI2018 #WealthManagement #PrivateBanking #CPBM

[Manu Sreenivasan @msreenivasan]

@AIWMI @adityagadge @cyrilamarchand @tariqaboobaker @SandeepNerlekar @GhosalPallabi Good evening everyone!

[Equalifi @Equalifi]

Join the informative #TweetChat on ‘Importance of Succession Planning’ on June 1st from 4 pm-5 pm moderated by @aiwmi with our panelists:
@adityagadge @msreenivasan @cyrilamarchand @tariqaboobaker @SandeepNerlekar @GhosalPallabi

[Manu Sreenivasan @msreenivasan]

Congrats @abhirrockz ! For the second year in a row, a Wektra Family Office intern won the best Summer Internship Aw…https://t.co/vXItTj9Pzv