The breakup of long-time business partners can be one of the most complicated and emotionally charged situations for a financial adviser to handle. It’s even more difficult when the partners are also family members.
That was the challenge facing adviser Rob O’Dell of Wheaton Wealth Partners in 2010, when a client asked for help negotiating the sale of his shares in the family business. Mr. O’Dell’s client was in his early 60s, and together with his younger brother had owned a retail business...
