Press Coverage: Wealth Strategist Partners

Lucas provides insights into the upper echelons of society few other writers can provide. “The principles make sense,” says Sue Debarno, president of Richardson partners Financial Ltd., a wealth management firm that focuses on intergenerational wealth. By the end of Wealth's 350 pages, we ordinary folk may even come to better appreciate the wealthy in our midst. Those who aspire to advise them should not fail to acquaint themselves with the concepts so well articulated here.

Although Wealth is filled with financial advice any investor can benefit from, Lucas discusses lessons he has learned from his family's experience with wealth to enliven what could otherwise be a flat, uninspiring subject. That pinch of seasoning makes what's already an enticing meal that much more appealing.

Lucas has learned a thing or two over the years when it comes to wealth management. He holds an exceptional perspective that springs from being both a consumer and provider of wealth management services.

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.

“It actually is more difficult to retain wealth than it is to make it in the first place,” says Lucas. “If you want to retain your wealth, the work has only just begun.” In his extended family, he explains, “We do things that involve delayed gratification, or living below one's means.” Says Lucas, “The expression and management and passing on of values is much more important than the passing on of wealth. If you pass them on together, you've created something powerful for the individual, the family, and for society. That's true whether you're worth $100 or $100 million.”