Wharton School Publishing

Wealth: Grow It, Protect It, Spend It, and Share It

Never has it been more important to read Wealth: Grow It, Protect It, Spend It, and Share It. More of us have created more wealth today than ever before; managing our retirement assets is increasingly our own responsibility; and America is bracing for the largest intergenerational transfer of wealth in history. Added to this are the recent financial upheavals that have left us confused about where to turn for good investment and wealth management advice. And because most advisors are specialists, the critical task of integrating the varied aspects of wealth management falls on the shoulders of investors.

Written by Stuart Lucas, an experienced investment professional, Carnation Company heir, and now manager of his family’s fortune, Wealth:

• Helps you to integrate the financial and family aspects of wealth management into an actionable, coherent whole;
• Provides the tools and information you need to take charge of your wealth, so that your advisors and your money are working toward achieving your goals;
• Addresses family relationships and values, preparing your children for affluence, the motives of advisors, spending, philanthropy, taxes, estate planning, investment strategies, and more.

He advises a careful approach: “Building wealth and conserving it takes time, and it demands considered action. The key is to not do something prematurely that results in a significant loss of capital. For that reason, resist the impulse to act quickly or to retain outside wealth advisors before you are ready to act. Do your homework first and plan ahead.”

The lessons of Wealth apply whether you have $100,000 or $100 million, whether your goal is to safeguard assets to last your lifetime or to create a financial legacy that will continue for generations.

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• Wharton School Publishing
• Wealth: Grow It, Protect It, Spend It, and Share It