“I started my own business in the early 1990s. I devoted all my time and money to it and success soon came. Demand for our products grew, and hand-in-hand with it the number of employees and responsibility increased, too. I worked from dawn to dusk, and I don't even know how I got married and started a family. After thirty years of knowing nothing but work, I now need a change. I need more time for myself and my hobbies, for my children and my partner. But I don’t have a successor to run my company in the future the way I did. I’m afraid that with my departure the company will start to decline and that my lifetime effort will have been in vain”, said one of our clients.
According to a study by the Slovak Business Agency, almost 70% of family businesses will not survive the first intergenerational exchange, and only a tenth of them will survive the transition between the second and third generations. These processes and structures have no tradition on the Slovak market. There is also the lack of a reliable partner who, along with resolving the future of the company, investments and wealth, can also ensure the security of a family and all its members.
“We at Private Wealth Management – as independent advisors – have the great advantage of being able to work with any company we consider to be a market leader. And this is our great competitive advantage, thanks to which we offer the best available service in both corporate and personal consulting. That is, exactly what our major clients demanded,” says strategic partner Martin Vajay, explaining the reason for founding the division. He then continues: “We will help you choose the path to prosperity, to preserving both business and family values and to personal happiness and life balance.”