Wealth: Grow It, Protect It, Spend It, and Share It (Paperback)
Product Author Bios
Stuart E. Lucas is Chairman of Wealth Strategist Network LLC, and Principal at his family's investment office. He is also an heir to the Carnation Company fortune, started by E.A. Stuart. He is building communities of individuals and families interested in becoming more informed, thoughtful, and effective overseers of their good fortune. As Senior Managing Director with Bank One, he oversaw the firm's high-end private client business. He started his career at Wellington Management Company as Assistant Portfolio Manager of the Over-the-Counter Securities Fund, twice a Forbes Honor Roll fund during his tenure. He is Vice-Chairman of the NPR Foundation, holds an MBA from Harvard and is a CFA.
Never has it been more important to read Wealth: Grow It, Protect It, Spend It, and Share It. More of us have created more wealth today than ever before; managing our retirement assets is increasingly our own responsibility; and America is bracing for the largest intergenerational transfer of wealth in history. Added to this are the recent financial scandals which have left us confused about who to trust for good investment and wealth management advice. And because most advisors are specialists, the critical task of integrating the varied aspects of wealth management falls on our shoulders. Written by Stuart Lucas, an experienced investment professional, Carnation Company heir, and now manager of his family’s fortune, Wealth:
• Helps you to ntegrate the financial and family aspects of wealth management into an actionable, coherent whole;
• Provides the tools and information you need to take charge of your wealth, so that your advisors and your money are working toward achieving your goals;
• Addresses family relationships and values, preparing your children for affluence, the motives of advisors, spending, philanthropy, taxes, estate planning, investment strategies, and more.
In short, Wealth is the definitive guide to optimizing your financial future. The lessons of Wealth apply whether you have $100,000 or $100,000,000, whether your goal is to safeguard assets to last your lifetime or to create a financial legacy that will continue for generations.
21 of 22 people found the following review helpful
Sage Advice on Personal Wealth Management,
Lucas, a fourth-generation heir to the Carnation fortune, is an accomplished wealth management advisor. In Wealth: Grow It, Protect It, Spend It and Share It, he offers a coherent plan that integrates the vital components of a wealth management strategy.
Departing from the money management classic process, he offers a unique eight-point framework.
1. Take charge and do it early.
2. Ally family and business interests around wealth-building goals and strategies.
3. Create a culture of accountability.
4. Capitalize on your family's combined resources.
5. Delegate, enable and respect independence.
6. Diversify but focus.
7. When possible, err on the side of simplicity.
8. Develop future family leaders... Read more
19 of 20 people found the following review helpful
Understanding Family Wealth and Managing It Effectively,
We have all heard sad stories of people who attain sudden wealth and how it ends up destroying their lives. Other fortunes that have taken a lifetime of toil to build are quickly lost through any number of mistakes. More than a few entrepreneurs who have shown brilliance in building their company have demonstrated clumsiness in managing their personal wealth. Much of this is due to inexperience and a complete lack of a financial education.
Fortunately, the path of the wealthy has been trod by many and what works is well known. The trick the newly wealthy... Read more
17 of 18 people found the following review helpful
Use This Book Or Lose It,
Lucas's work and efforts in this book will help those who need it. This author was willing to share his positive approach, experience, and expertise with the public. He was born to money, being a descendant and heir of the carnation company.
This is also a book from a financial manager who has experience and is currently involved in several organizations. The focus is for those in wealthy families understandably, with the orientation obviously toward families with significant amounts of assets. This will likely become a more common field of expertise in... Read more
› See all 17 customer reviews...
Table of Contents
Wealth: Grow It, Protect It, Spend It, and Share It
About the Author
1: Protecting and Growing Your Wealth
2: Eight Principles of Strategic Wealth Management
3: Everything Begins with Values
4: Defining Your Financial Objectives
5: The Enchanted Forest, The Secret Society, and The Capital Kibbutz
6: Picking Your Investment Strategy
7: Making Your Most Important Hire
8: Taxes Can Be Your Ally!
9: Promoting Entrepreneurial Stewardship
10: Making Philanthropy Part of Your Strategic Wealth Program
11: Putting It All Together: Multigenerational Planning and Wealth Transfer
© Copyright Pearson Education. All rights reserved.
Downloadable Sample Chapter
There was a printing error that resulted in figures being cut off on Pages 9, 32, 63, 78, 98, 99, 153, and 177. Download the pages with the restored figures.
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