FBR System, Inc. is a fee-based family business planning firm that uses a holistic approach to preserving, protecting and transferring wealth while renewing both the business and the family. The FBR Model is based on information developed by founder Karl R. Bareither from a survey of his clients which revealed that lack of intra-family communication was the root cause of most inadequate business planning and poor family relationships. This led to the conclusion that, when planning for the future of the business, input is required from the entire family, not just the business owner.

Shifting focus to the entire family led to the development of a process approach designed to meet the goals of all family members. Over time, this new approach evolved into a comprehensive planning model that focuses on renewing the quality of life for the business as well as the personal lives of business owners and family members alike.

In the course of his work with family businesses, Bareither developed computer software and other marketing and sales tools that enabled him to move beyond traditional tax, legal, and financial planning. These tools have been brought together into a comprehensive process called the Family Business Renewal (FBR) System.

Karl is now teaching other family business professionals. Advisors are taught how to combine their technical expertise with a unique process approach to enhance business success and promote family harmony. He has written a book for family business advisors, Becoming a Wealth Transfer Specialist, which describes the FBR system and recounts many of his experiences working with family-owned businesses. A second book, Planning a Family & Business Legacy, outlines the FBR Model in a format business owners and their families will find easy to understand and relate to.

FBR System, Inc. currently offers in-depth family wealth transfer planning to business owners and their families and a complete training and development program for family business advisors interested in incorporating the FBR System into their current practice.

As an alternative, some financial advisors may prefer working on a joint basis with our team of trained FBR Wealth Transfer Specialists. Contact us for additional information.