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Wealth: Grow It and Protect It, Updated and Revised, CourseSmart eTextbook

By Stuart E. Lucas

Published by FT Press

Published Date: Dec 4, 2012

Description

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 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 500+ members of the world's wealthiest families. Now, he brings together extraordinary insights informed by this experience. Wealth, Updated and Revised Edition retains its core advice, now tested and proven by the worst financial crisis in 70 years. 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 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, actionable guidance for building a culture of Entrepreneurial Stewardship: one that enables and encourages all family members to flourish, and improves the odds of sustaining wealth. 

Table of Contents

Foreword to the Second Edition     viii
Foreword to the First Edition     xi
Introduction     1
Chapter 1: Protecting and Growing Your Wealth     15
Chapter 2: Eight Principles of Strategic Wealth Management     37
Chapter 3: Start with Your Family Purpose     57
Chapter 4: Defining Your Financial Objectives     85
Chapter 5: The Enchanted Forest, the Secret Society, and the Capital Kibbutz     127
Chapter 6: Picking Your Investment Strategy     161
Chapter 7: Making Your Most Important Hire     211
Chapter 8: Taxes Can Be Your Ally!     249
Chapter 9: Promoting Entrepreneurial Stewardship     275
Chapter 10: Making Philanthropy Part of Your Strategic Wealth Program     305
Chapter 11: Putting It All Together: Multigenerational Planning and Wealth Transfer     331
Index     359

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Wealth: Grow It and Protect It, Updated and Revised, CourseSmart eTextbook
Format: Safari Book

$17.99 | ISBN-13: 978-0-13-313285-4