Balancing Act

Preserving Wealth, Legacy, and Harmony in the Family Business

Fred Guzzi

Is your family business keeping you up at night?

No one wants conflict in their family, or in their business. And yet, disagreement and power struggles are an inevitable part of both. So what happens when family and business are blended into a multi-generational enterprise where children, parents, and even grandparents work together? How can you ensure that the tensions of family life don’t affect your business—and vice versa?

In Balancing Act, Fred Guzzi, portfolio manager at CIBC Wood Gundy, shares critical insights on balancing the needs of family and business to keep them both healthy, successful, and working in harmony. Written for anyone in a family business—from employees to leaders, from those just launching to those in succession—you’ll find practical tips and proven models for success, along with real-life examples and stories to inspire, educate, and make you smile.

You’ll learn to master the three circles of governance in a family-owned business, and to prepare for and navigate the unavoidable “lightning bolts”—moments of crisis—that are part of the life cycle of a business, and that can strike without warning. As a family business owner, you have something unique. You owe it to yourself, your family, and all those who benefit from your presence in the world to make sure that your business remains healthy, successful, and focused on the future.

First vice president at CIBC Wood Gundy wealth management, where he heads the Guzzi Advisory Group, Fred Guzzi is committed to helping family businesses thrive over the long term. In his work supporting business owners, professionals, affluent families, foundations, charitable organizations, and associations to meet their investment objectives, Guzzi remains committed to the core principles instilled in him by his hard working immigrant parents. An active community member, he and his business associates support numerous charitable organizations, including CIBC  Miracle Day, SalvAide, Mary Centre, and the Salvation Army’s Project Winter Survival. Guzzi is a graduate of the University of Toronto and a certified Family Enterprise Advisor.

ISBN 978-1-77458-028-8
$21.95 CAD $17.95 USD
Published January 14, 2021
5.5 × 8.5 136 Pages
Paperback, ebook