Review of Wealth: Grow It, Protect It, Spend It, and Share It (Hardcover)

With more than 25 years' experience managing other people's money, his personal finances and his family's wealth, Stuart Lucas shares his secrets for building and protecting wealth.

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 with strong wealth management skills.

Lucas says he filters every decision he makes, whether it involves choosing an investment manager, thinking about tax strategy or setting family goals through the prism of these principles.

His discussion equips even the most sophisticated of financial families with an essential, but workable, reference point for their own financial processes.




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