Wealth: Grow It and Protect It, Updated and Revised (paperback)
Discover the best ways to build, protect, and sustain family and business wealth across generations! Wealth is the world's most valuable guide to wealth management for individuals, families, business owners, and the "upwardly affluent." In the six years since Stuart Lucas first wrote this book, however, the financial world has changed dramatically. Throughout the financial crisis and beyond, Lucas has led the University of Chicago's Private Wealth Management program, teaching more than 500 members of the world's wealthiest families. Now, he brings together extraordinary insights and constructs informed by this experience. Wealth, Updated and Revised Edition retains its core advice, which has been tested and proven by the worst financial crisis since the Great Depression. However, Lucas has updated his exclusive Strategic Wealth Management Framework to help even more individuals, families, and entrepreneurs aspiring to wealth or seeking to protect it. Lucas highlights key value drivers - family purpose, the economic engine, and leakage management - that mark the difference between family enterprises that succeed for generations and those that fail. He offers updated, sage advice on making financial decisions, evaluating "expert" advice, running a family business office, tax/estate planning, philanthropy, wealth preservation, and more. Since developing a family's human capital is the best antidote to Wall Street excess, this edition adds even more robust and actionable guidance for building a culture of Entrepreneurial Stewardship: one that enables and encourages all family members to flourish, and improves the odds that families can sustain wealth. This book is for all successful business owners and anyone who possesses (or aspires to own) substantial financial assets, whether earned or inherited. It will also be of keen interest to investment advisors, business consultants, business brokers, wealth industry practitioners, lawyers, accountants, tax advisors, and others who counsel the wealthy (and upwardly affluent) about wealth management.
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LibraryThing ReviewUser Review - webecca - LibraryThing
Standing in front of the business shelves in Borders bookstore, I told my 13-year-old daughter that I was looking for something about... hmm... multi-generational wealth. She pulled out this book to ... Read full review
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accountability Active Alpha Investing actively managed Alpha Investing strategy alternative investments Angel Investor annual asset allocation asset classes Barbell Investing benefits bonds capital gains tax Capital Kibbutz Carnation cash flow chapter clients complex costs create culture distressed debt distributions diversified dollars economic engine Enchanted Forest entrepreneurial stewardship estate planning estate tax family business family enterprise family members family office family purpose financial assets financial goals firm’s focus foundation gift governance grow growth hedge funds income index funds Index Investing individual interests investment managers leakages leverage liquidity event longterm Lucas family multigenerational mutual funds opportunity performance philanthropy potential private equity professional responsibility retirement plan risk Secret Society sell skills spending rate Strategic Wealth Management Stuart success tax efficiency tax rates trust wealth advisors wealth management firms Wealth Management Framework wealth management goals wealth management strategy Wealth Strategist