Mark Parthemer

“This individual — for whatever role that we're talking about getting them out of, whether it's driving the car, running the company, or being the trustee of the trust — a lot of their self identity is invested in that role, right?”

Mark Parthemer · said date not stated · reported 2026-08-20

Parthemer discusses how a wealth creator's self-identity is often tied to the roles they hold, requiring delicacy when transitioning them out.

“That was a real-life situation where we were trying to allow dad to remain in a position where he felt important, needed and valued,”

Mark Parthemer · said date not stated · reported 2026-08-20

Parthemer describes a real example of promoting a patriarch from company president to board chairman to preserve his sense of importance.

“They've been the key person. They've been the person everyone relies on, and so we should be delicate about removing them from that role.”

Mark Parthemer · said date not stated · reported 2026-08-20

Parthemer continues explaining the need for sensitivity when removing a family patriarch or matriarch from a key role.

“Even though he couldn't do the multi-step business dealings, he could have done before, he was still able to attend strategy meetings and weigh in.”

Mark Parthemer · said date not stated · reported 2026-08-20

Parthemer explains that the patriarch, despite reduced duties, could still attend strategy meetings and contribute.