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Wealth by Stuart E. Lucas

Stuart E. Lucas is really good point of contact for everything to do with wealth. He is a fourth generation heir to the Carnation fortune from the company that his great-grand-father, E. A. Stuart founded. Additionally, Lucas has been a professional wealth manager for the past 25-years. So drawing from the perspective of having and managing his own wealth and from the perspective of helping others manage their wealth, Lucas wrote the book, Wealth: Grow It, Protect It, Spend It, And Share It.

In this 356-page book, you will learn about t eight principles of strategic wealth management and viewing wealth as an industry with pitfalls that can be avoided.

From Publishers Weekly

Wealth: those who have it want to keep it, but what’s the best way to ensure it doesn’t run dry? Lucas is ideally suited to answer the question. A Harvard Business School graduate who’s worked at wealth management firms, and a fourth-generation heir of E.A. Stuart, the founder of the Carnation Company, Lucas counsels readers who have, or are planning to have, at least a few hundred thousand dollars in the bank. His book teaches them to manage their wealth so it grows, or is at least maintained, for as long as they want, whether that’s one lifetime or several generations. Lucas focuses principally on investing decisions, spending decisions (like whether to engage in philanthropy) and emotional issues. He provides a good balance of in-depth financial guidance and tips on negotiating financial decisions in the family. Though the subject is dry, Lucas keeps the book interesting by using examples taken from his own family’s experience with fortune, a tactic that lends both credibility and intimacy to his advice. With its frequent plunges into the minutiae of investment options, this book is definitely not light reading. It is, however, a helpful guidebook for those faced with the task of growing, protecting, spending and sharing a large amount of cash. (Mar.)

From Newsweek

Newsweek, March 20, 2006 issue - Wealth: Grow It, Protect It, Spend It, and Share It by Stuart E. Lucas Congratulations! You’ve just come into some cash. But what to do next? With $1 trillion per year expected to pass from one generation of Americans to another over the next decade, it’s a question more people than ever are facing. Writing from the perspective of one who has managed wealth for clients, as well as received it (he’s an heir of Carnation Foods’ founder), Lucas shows step by step how to set investment goals that match your needs and values, pick the right advisers, manage taxes and avoid the pitfalls that shrink fortunes and fracture relationships.
~John David Sparks

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