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Run Time: 29:24
in On Point

Perpetuating a Family Owned Business

Recently, Principal at Rey Insurance Linda Rey and her sister Laura completed a buyout of the independent agency from their father. We often read industry articles and white papers about how to perpetuate a family owned business. But on this podcast we got a chance to hear from Linda as she reveals her real-life story. Linda covers the effort involved in getting all the financial and legal issue addressed. But more importantly, she openly talks about the difficult emotional issues that are always present—especially in family business—and present the biggest challenge. It is always exciting when Peter and I have a chance to speak with energetic, smart, forward thinking, young agents. With agents such as Linda and her sister, the future is bright for the independent agency system.

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