<p><strong>88% 的企业主计划在 10 年内转让部分或全部财务股份，但很少有人以退休为目标，新的研究发现</strong></p>
<p>佛罗里达州圣彼得堡，2025 年 12 月 30 日（GLOBE NEWSWIRE）——一项新的瑞杰金融调查对 500 多位私营企业主进行了询问，了解他们如何看待自己的生计、未来以及两者交汇的地方。结果数据显示，88% 的企业主计划在未来十年内部分或全部退出其业务，显示出对全面财富规划的迫切需求。</p>
<p>“剥离业务不仅仅是一次交易，而是一种转变，” 瑞杰金融全球财富解决方案负责人比尔·苏格林（Bill Seugling）表示。“由于他们的生活与企业紧密相连，企业主需要深入的战略。无论目标是退休、再投资还是传承，企业主都可以将业务转型变成确保未来和保护最重要事物的机会。”</p>
<p>主要发现包括：</p>
<ul>
<li>已经设想退出的企业主并不将其视为结束：即使在转让部分或全部财务股份后，三分之一的人仍将继续在当前企业工作，30% 的人打算投资或收购新企业。</li>
<li>20% 的人计划退休。</li>
<li>大多数受访者不会远寻接班人，35% 的企业主将把业务转让给家庭成员，另有 23% 将选择非家庭内部利益相关者。</li>
</ul>
<p>调查进一步探讨了企业主如何为公司和个人财富的未来做准备，揭示了将其最大资产转化为实际个人财富的独特挑战。</p>
<p><strong>资产集中</strong></p>
<p>企业主通常将大量个人财富投入到他们的公司中。这种集中强调了长期个人财富规划和多样化的重要性。</p>
<ul>
<li>几乎一半的受访者（44%）表示，他们的企业占其财富的一半以上，而 90% 的人表示它至少占四分之一。</li>
</ul>
<p><strong>转型时间表</strong></p>
<ul>
<li>超过一半（56%）的人计划在未来五年内完全或部分转让其财务股份，绝大多数（88%）计划在 10 年内这样做。</li>
<li>值得注意的是，85% 的受访者报告称已制定转型计划，强调了管理挑战和为顺利交接做准备的重要性。</li>
</ul>
<p>“现在是规划的最佳时机，尤其是对于那些转型时间表在未来五年内的企业主，” 瑞杰金融私人财富咨询副总裁邦妮·哈珀（Bonnie Harper）表示。“拥有一个个人财富计划至关重要，以确保您在企业中投入的努力成为您设想生活的基础。”</p>
<p><strong>增长资本需求</strong></p>
<p>85% 的企业主预计需要额外资本来推动未来的业务增长。当被问及他们会考虑哪些增长资本来源时，受访者选择了：</p>
<ul>
<li>私募股权（52%）</li>
<li>传统/银行贷款（50%）</li>
<li>个人资金（43%）</li>
<li>基于证券的信用额度（43%）</li>
<li>个人贷款（40%）</li>
</ul>
<p>为了选择最佳来源，企业主必须权衡对其业务和期望结果的权衡，包括他们是否愿意与外部投资者分享控制权，或希望将业务转让给家庭成员或关键员工。</p>
<p><strong>未来计划</strong></p>
<p>展望未来，</p>
<p>35%</p>
<p>的企业主打算将其业务转让给家庭成员。在估值超过</p>
<p>1500 万美元</p>
<p>的企业主中，这一比例上升至</p>
<p>44%</p>
<p>。</p>
<p>在这种转型中，考虑到家庭动态和非家庭内部利益相关者，周到和及时的规划显得尤为重要。这些领导层的变化不仅可能重新定义所有权结构，还可能引发大规模的代际财富转移。</p>
<p><strong>未来业务成功</strong></p>
<p>当被问及什么会影响他们业务的未来成功时：</p>
<ul>
<li>22% 的企业主认为进入新市场是一个关键因素。</li>
<li>经济环境排名第二，占 17%。</li>
<li>15% 的企业主表示对服务/产品的需求。</li>
<li>以人为本的因素，包括招聘/留住人才（12%）和下一代领导力的准备（11%）在列表的底部。</li>
</ul>
<p>虽然受访者认为市场扩张和经济条件等外部因素对未来成功至关重要，但以人为本的优先事项，如人才留存和领导力发展，排名较低，显示出战略增长雄心与维持所需人力资本之间的潜在差距。</p>
<p>有关企业主如何规划其业务和财务未来的更多信息，请访问 www.raymondjames.com/business-wealth。</p>
<p><strong>方法论</strong></p>
<p>本次调查于 2025 年 4 月 7 日至 18 日进行，样本为 540 名企业主。访谈在线进行，数据经过加权，以近似目标样本的性别、教育程度、年龄、种族和地区。完整调查结果的误差范围为正负 4 个百分点。</p>
<p>企业主被定义为在美国年满 18 岁、在私营部门工作或自雇，并在拥有 6 至 1000 名员工的私营公司中拥有 5 年以上股份的人。</p>
<p><strong>关于瑞杰金融公司</strong></p>
<p>瑞杰金融公司（NYSE: RJF）是一家领先的多元化金融服务公司，为个人、企业和市政提供私人客户组、资本市场、资产管理、银行及其他服务。客户资产总额为 1.77 万亿美元。自 1983 年上市以来，该公司在纽约证券交易所上市，股票代码为 RJF。更多信息请访问 www.raymondjames.com。</p>
<p><img src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RZeE9ETXlNQ00zTXpRd01ETTRJekl5TURrMk5qZz0?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1" height="1" original-src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RZeE9ETXlNQ00zTXpRd01ETTRJekl5TURrMk5qZz0"/></p>
<p><img src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/NGY1NjhjNTgtNjc3NC00ODQ0LWFmZGEtZjhkMWM1YzVhYTUxLTEyMjEyMjEtMjAyNS0xMi0zMC1lbg==/tiny/Raymond-James-Financial.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1" height="1" original-src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/NGY1NjhjNTgtNjc3NC00ODQ0LWFmZGEtZjhkMWM1YzVhYTUxLTEyMjEyMjEtMjAyNS0xMi0zMC1lbg==/tiny/Raymond-James-Financial.png"/></p>
<pre><code> 贾娜·富勒 瑞杰金融 7275672824 mediarelations@raymondjames.com
</code></pre>

瑞杰金融

<p>一项瑞杰金融的调查显示，88% 的企业主计划在未来十年内转让他们的财务权益，其中许多人并不打算退休。关键发现包括 56% 的人打算在五年内进行转让，85% 的人有转让计划。企业主们还在寻求增长资本，85% 的人预计将需要额外资金用于业务扩展。调查强调了个人财富规划的重要性以及将商业资产转化为个人财富的挑战，因为许多企业主的财富与他们的公司紧密相连</p>

<p><strong>88% of business owners plan to transition some or all of financial stake within 10 years, but few aim for retirement, new study finds</strong></p>
<div class="lb-trans"><p><strong>88% 的企业主计划在 10 年内转让部分或全部财务股份，但很少有人以退休为目标，新的研究发现</strong></p>
</div><p>St. Petersburg, Fla., Dec. 30, 2025 (GLOBE NEWSWIRE) -- A new Raymond James survey of more than 500 owners of privately held businesses asked how they’re approaching their livelihoods, their futures and the places where the two intersect. The resulting data reveals the coming need for a comprehensive wealth plan for many as 88% plan to financially exit their business, either partially or fully, within the next decade.</p>
<div class="lb-trans"><p>佛罗里达州圣彼得堡，2025 年 12 月 30 日（GLOBE NEWSWIRE）——一项新的瑞杰金融调查对 500 多位私营企业主进行了询问，了解他们如何看待自己的生计、未来以及两者交汇的地方。结果数据显示，88% 的企业主计划在未来十年内部分或全部退出其业务，显示出对全面财富规划的迫切需求。</p>
</div><p>“Divesting a business is more than a transaction, it’s a transformation,” said Bill Seugling, senior vice president, head of Raymond James Global Wealth Solutions. “With so much of their lives tied to an enterprise, business owners need strategies that dig deep. Regardless of whether the goal is retirement, reinvestment or legacy, owners can turn a business transition into an opportunity to secure their future and preserve what matters most.”</p>
<div class="lb-trans"><p>“剥离业务不仅仅是一次交易，而是一种转变，” 瑞杰金融全球财富解决方案负责人比尔·苏格林（Bill Seugling）表示。“由于他们的生活与企业紧密相连，企业主需要深入的战略。无论目标是退休、再投资还是传承，企业主都可以将业务转型变成确保未来和保护最重要事物的机会。”</p>
</div><p>Key findings include:</p>
<div class="lb-trans"><p>主要发现包括：</p>
</div><ul>
<li>Owners who are already envisioning an exit don’t see it as an ending: Even after transitioning some or all of their financial stake, one-third will continue working at their current business while 30% intend to invest in or acquire a new one.</li>
<li>20% plan to retire.</li>
<li>A majority of respondents won’t look far for a successor as 35% of owners will transition their business to a family member while another 23% will tap a nonfamily internal stakeholder.</li>
</ul>
<div class="lb-trans"><ul>
<li>已经设想退出的企业主并不将其视为结束：即使在转让部分或全部财务股份后，三分之一的人仍将继续在当前企业工作，30% 的人打算投资或收购新企业。</li>
<li>20% 的人计划退休。</li>
<li>大多数受访者不会远寻接班人，35% 的企业主将把业务转让给家庭成员，另有 23% 将选择非家庭内部利益相关者。</li>
</ul>
</div><p>The survey further explores how business owners are preparing for the future of their companies and personal wealth, uncovering the unique challenges of converting what is likely their largest asset into realized personal wealth.</p>
<div class="lb-trans"><p>调查进一步探讨了企业主如何为公司和个人财富的未来做准备，揭示了将其最大资产转化为实际个人财富的独特挑战。</p>
</div><p><strong>Asset concentration</strong></p>
<div class="lb-trans"><p><strong>资产集中</strong></p>
</div><p>Business owners often have significant personal wealth tied up in their companies. This concentration underscores the importance of long-term personal wealth planning and diversification.</p>
<div class="lb-trans"><p>企业主通常将大量个人财富投入到他们的公司中。这种集中强调了长期个人财富规划和多样化的重要性。</p>
</div><ul>
<li>Nearly half of respondents (44%) said their business accounts for more than half their wealth, while nine in 10 said it represents at least a quarter.</li>
</ul>
<div class="lb-trans"><ul>
<li>几乎一半的受访者（44%）表示，他们的企业占其财富的一半以上，而 90% 的人表示它至少占四分之一。</li>
</ul>
</div><p><strong>Transition timeline</strong></p>
<div class="lb-trans"><p><strong>转型时间表</strong></p>
</div><ul>
<li>More than half (56%) plan to fully or partially transition their financial stake within the next five years and a vast majority (88%) plan to do so within 10 years.</li>
<li>Notably, 85% of respondents report having a transition plan in place, highlighting the significance of managing challenges and preparing for a smooth handoff.</li>
</ul>
<div class="lb-trans"><ul>
<li>超过一半（56%）的人计划在未来五年内完全或部分转让其财务股份，绝大多数（88%）计划在 10 年内这样做。</li>
<li>值得注意的是，85% 的受访者报告称已制定转型计划，强调了管理挑战和为顺利交接做准备的重要性。</li>
</ul>
</div><p>“The time to plan is now, especially for those business owners whose transition timeline is within the next five years,” said Bonnie Harper, vice president, Private Wealth Consulting at Raymond James. “It’s important to have a personal wealth plan that ensures the effort you’ve invested in your business becomes the foundation for the life you envision.&#34;</p>
<div class="lb-trans"><p>“现在是规划的最佳时机，尤其是对于那些转型时间表在未来五年内的企业主，” 瑞杰金融私人财富咨询副总裁邦妮·哈珀（Bonnie Harper）表示。“拥有一个个人财富计划至关重要，以确保您在企业中投入的努力成为您设想生活的基础。”</p>
</div><p><strong>Growth capital needs</strong></p>
<div class="lb-trans"><p><strong>增长资本需求</strong></p>
</div><p>85% of owners anticipate needing additional capital to power future business growth. When asked to identify all sources they would consider for growth capital, respondents selected:</p>
<div class="lb-trans"><p>85% 的企业主预计需要额外资本来推动未来的业务增长。当被问及他们会考虑哪些增长资本来源时，受访者选择了：</p>
</div><ul>
<li>Private equity (52%)</li>
<li>Traditional/bank loan (50%)</li>
<li>Personal funds (43%)</li>
<li>Securities based line of credit (43%)</li>
<li>Personal loan (40%)</li>
</ul>
<div class="lb-trans"><ul>
<li>私募股权（52%）</li>
<li>传统/银行贷款（50%）</li>
<li>个人资金（43%）</li>
<li>基于证券的信用额度（43%）</li>
<li>个人贷款（40%）</li>
</ul>
</div><p>To choose the best source, owners must weigh the trade-offs for their business and desired outcome, including whether they’re willing to share control with outside investors or wish to transition the business to a family member or key employees.</p>
<div class="lb-trans"><p>为了选择最佳来源，企业主必须权衡对其业务和期望结果的权衡，包括他们是否愿意与外部投资者分享控制权，或希望将业务转让给家庭成员或关键员工。</p>
</div><p><strong>Future plans</strong></p>
<div class="lb-trans"><p><strong>未来计划</strong></p>
</div><p>Looking ahead,</p>
<div class="lb-trans"><p>展望未来，</p>
</div><p>35%</p>
<div class="lb-trans"><p>35%</p>
</div><p>of owners intend to transition their business to a family member. Among owners of businesses valued at more than</p>
<div class="lb-trans"><p>的企业主打算将其业务转让给家庭成员。在估值超过</p>
</div><p>$15 million</p>
<div class="lb-trans"><p>1500 万美元</p>
</div><p>, that figure rises to</p>
<div class="lb-trans"><p>的企业主中，这一比例上升至</p>
</div><p>44%</p>
<div class="lb-trans"><p>44%</p>
</div><p>.</p>
<div class="lb-trans"><p>。</p>
</div><p>Thoughtful and timely planning holds extra importance in this type of transition given familial dynamics and nonfamily internal stakeholders. These leadership changes could not only redefine ownership structures but may also trigger a large intergenerational wealth transfer.</p>
<div class="lb-trans"><p>在这种转型中，考虑到家庭动态和非家庭内部利益相关者，周到和及时的规划显得尤为重要。这些领导层的变化不仅可能重新定义所有权结构，还可能引发大规模的代际财富转移。</p>
</div><p><strong>Future business success</strong></p>
<div class="lb-trans"><p><strong>未来业务成功</strong></p>
</div><p>When asked what would impact the future success of their business:</p>
<div class="lb-trans"><p>当被问及什么会影响他们业务的未来成功时：</p>
</div><ul>
<li>22% of business owners identified expansion into new markets as a critical factor.</li>
<li>Economic environment ranked second at 17%.</li>
<li>15% of owners said demand for service/product.</li>
<li>People-centric factors, including hiring/retaining people (12%) and readiness of next generation leadership (11%) ranked at the bottom of the list.</li>
</ul>
<div class="lb-trans"><ul>
<li>22% 的企业主认为进入新市场是一个关键因素。</li>
<li>经济环境排名第二，占 17%。</li>
<li>15% 的企业主表示对服务/产品的需求。</li>
<li>以人为本的因素，包括招聘/留住人才（12%）和下一代领导力的准备（11%）在列表的底部。</li>
</ul>
</div><p>While respondents see external forces like market expansion and economic conditions as critical to future success, people-centric priorities, such as talent retention and leadership development, ranked lower, signaling a potential gap between strategic growth ambitions and the human capital needed to sustain them.</p>
<div class="lb-trans"><p>虽然受访者认为市场扩张和经济条件等外部因素对未来成功至关重要，但以人为本的优先事项，如人才留存和领导力发展，排名较低，显示出战略增长雄心与维持所需人力资本之间的潜在差距。</p>
</div><p>For more information on how business owners are planning for their business and financial futures, visit www.raymondjames.com/business-wealth.</p>
<div class="lb-trans"><p>有关企业主如何规划其业务和财务未来的更多信息，请访问 www.raymondjames.com/business-wealth。</p>
</div><p><strong>Methodology</strong></p>
<div class="lb-trans"><p><strong>方法论</strong></p>
</div><p>This poll was conducted between April 7-18, 2025, among a national sample of 540 business owners. Interviews were conducted online and the data were weighted to approximate a target sample of adults based on gender, educational attainment, age, race and region. Results from the full survey have a margin of error of +/- 4 percentage points.</p>
<div class="lb-trans"><p>本次调查于 2025 年 4 月 7 日至 18 日进行，样本为 540 名企业主。访谈在线进行，数据经过加权，以近似目标样本的性别、教育程度、年龄、种族和地区。完整调查结果的误差范围为正负 4 个百分点。</p>
</div><p>Business owners are classified as those who are 18+ in the United States, who work in the private sector or are self-employed and have an ownership stake of 5+ years at a privately held company with 6-1,000 employees.</p>
<div class="lb-trans"><p>企业主被定义为在美国年满 18 岁、在私营部门工作或自雇，并在拥有 6 至 1000 名员工的私营公司中拥有 5 年以上股份的人。</p>
</div><p><strong>About Raymond James Financial, Inc.</strong></p>
<div class="lb-trans"><p><strong>关于瑞杰金融公司</strong></p>
</div><p>Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. Total client assets are $1.77 trillion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at www.raymondjames.com.</p>
<div class="lb-trans"><p>瑞杰金融公司（NYSE: RJF）是一家领先的多元化金融服务公司，为个人、企业和市政提供私人客户组、资本市场、资产管理、银行及其他服务。客户资产总额为 1.77 万亿美元。自 1983 年上市以来，该公司在纽约证券交易所上市，股票代码为 RJF。更多信息请访问 www.raymondjames.com。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RZeE9ETXlNQ00zTXpRd01ETTRJekl5TURrMk5qZz0" alt="" original-src="https://www.globenewswire.com/newsroom/ti?nf=OTYxODMyMCM3MzQwMDM4IzIyMDk2Njg="/></p>
<p><img src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/NGY1NjhjNTgtNjc3NC00ODQ0LWFmZGEtZjhkMWM1YzVhYTUxLTEyMjEyMjEtMjAyNS0xMi0zMC1lbg==/tiny/Raymond-James-Financial.png" alt="" original-src="https://ml.globenewswire.com/media/NGY1NjhjNTgtNjc3NC00ODQ0LWFmZGEtZjhkMWM1YzVhYTUxLTEyMjEyMjEtMjAyNS0xMi0zMC1lbg==/tiny/Raymond-James-Financial.png"/></p>
<pre><code>Jana FullerRaymond James Financial7275672824mediarelations@raymondjames.com
</code></pre>
<div class="lb-trans"><pre><code> 贾娜·富勒 瑞杰金融 7275672824 mediarelations@raymondjames.com
</code></pre>
</div>

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