Our people: Sam du Buisson
Meet Associate Director, Sam du Buisson, who works with a number of families and high-net-worth clients to ensure their interests run as smoothly as possible. Having grown up on a dairy farm, Sam also loves being outdoors and would be milking cows if she wasn't with Deloitte Private!
What’s your role at Deloitte Private and when did you start here?
I am an advisor to a number of families, primarily high-net-worth family groups, where I manage their Family Office. My background is as a chartered accountant with virtual CFO experience and I also have a passion for assisting families in the transition of wealth.
I have been with Deloitte for eight years, working first in our Hamilton office and then in Auckland for the last six.
You work with a lot of families around succession planning - what are the challenges of this process and what are the rewards?
Family dynamics are definitely a challenge and managing the expectations of each generation can be tricky.
Fear is a common underlying factor when family members think of succession planning. They often default to focussing on putting the financial structures in place, instead of paying attention to the family relationship dynamics as this is the hard and scary option.
Wealth transition planning is not a short process, so what I find rewarding is essentially being allowed in to the inner family circle and contributing during their transition journey.
I hear all the good and bad and I'm able to have those close connections with both generations so it's definitely a privileged position to be in.
What advice would you give to people looking to start working with a financial services team on succession planning?
It is never too early to be thinking about succession, whether that be with a family business or your existing family wealth. The sooner you start having those hard conversations and increasing the communication channels within your family, the better the success of the transition will be at the end of the day with the next generation.
We find it is often easier for our clients to have the hard conversations with us first as we aren’t family and we don’t judge.
We find that having already had many similar conversations with other clients, we can share with them the pros and the cons of each outcome they're aiming for. While all families are unique, there are often common issues that crop up when you start talking about family dynamics!
Where can we find you on weekends or holidays?
You will most likely find me at my parents' beach house at Cook’s Beach. I really enjoy spending time with my husband and family and getting out and about in the outdoors.
What would you be doing if you weren’t working at Deloitte Private?
I grew up on a dairy farm and loved it, so if I wasn’t at Deloitte I would be a farmer and milking cows!
04 May, 2017 by Emily McLean,
Emily McLean works in the Deloitte marketing team and closely with Deloitte Private. She loves telling the stories of those individuals and businesses leaving their mark in New Zealand's SME space while delivering news and insights to help business owners grow their companies.