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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