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Library of Congress Cataloging-in-Publication Data
Names: Lucas, Stuart E., author.
Title: The taxable investor's manifesto : wealth management strategies to last a lifetime / Stuart E. Lucas.
Description: Hoboken, New Jersey : Wiley, [2020] | Includes index.
Identifiers: LCCN 2020004855 (print) | LCCN 2020004856 (ebook) | ISBN 9781119692034 (hardback) | ISBN 9781119691990 (ePDF) | ISBN 9781119692027 (epub)
Subjects: LCSH: Investments. | Finance, Personal. | Stocks. | Portfolio management. | Investments—Taxation.
Classification: LCC HG4521 .L86155 2020 (print) | LCC HG4521 (ebook) | DDC 332.6—dc23
LC record available at https://lccn.loc.gov/2020004855
LC ebook record available at https://lccn.loc.gov/2020004856
Cover Design: Wiley
Cover Image: © sorbetto/Getty Images modified by Wiley
To Becca, Camilla, and Sam
Author's Legal Information, Disclaimer, and Disclosure
The author, through his firm, Wealth Strategist Partners, LLC provides investment advice and functions as an outsourced Chief Investment Officer for taxable individuals and families. Any statements or information contained in this book are made in the author's personal capacity and are not affiliated with, or endorsed by, any investment adviser with which the author may currently, or in the future will, be associated.
The information and views contained in this material are as of the dates noted and are for educational and informational purposes only. Such views are subject to change without notice. Neither Mr. Lucas nor Wealth Strategist Partners have any duty or obligation to update the information in this book. The information presented does not constitute, and should not be construed as, investment advice or recommendations with respect to markets, asset allocation, funds, securities, or individual investments. Moreover, neither the information nor any opinions expressed constitutes a solicitation for the purchase or sale of any investment or security.
Readers should consider their personal circumstances and consult with their own qualified investment, tax, and legal advisors. Neither the author, nor Wealth Strategist Partners, LLC, nor the publisher can be held responsible for any losses or damages arising from any use of this information.
Certain information contained herein is based on independent third-party sources. The author believes that the sources from which such information has been obtained are reliable; however, he cannot ensure the information's accuracy and it has not independently been verified for accuracy, completeness, or the veracity of assumptions used.
Investment performance information should not be relied upon as the primary reason for making investment decisions. Historical investment performance is not a reliable predictor of future performance. The potential for profit also creates the possibility of loss. Tax rates change regularly, and such changes may have a material impact on the expressed views herein and the attractiveness of certain investments.
MORNINGSTAR, INC. DISCLAIMER
© 2020 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; (3) does not constitute investment advice offered by Morningstar; and (4) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Use of information from Morningstar does not necessarily constitute agreement by Morningstar, Inc., of any investment philosophy or strategy presented in this publication.
About the Author
Stuart E. Lucas is founder, Co-Managing Partner, and Chief Investment Officer of Wealth Strategist Partners, advisor to large complex families across financial, business, and cultural dimensions of their enterprises.
Stuart designed and is Co-Director of the University of Chicago Booth School of Business's Private Wealth Management continuing education program, which has served over 1,000 wealthy individuals and families in the 12 years since the course's inception. He is a speaker on topics of wealth management around the world. His first book, Wealth: Grow It and Protect It (FT Press), has been published on three continents. He is the author of numerous articles on investing and wealth management, most recently “The 50% Rule” and “Pick Your Battles” (Journal of Wealth Management), co-authored with Alejandro Sanz.
Stuart is chairman of the Investment Committee of National Public Radio in Washington, D.C., and is involved in various other philanthropic endeavors in education and media.
Previously, Stuart was the senior managing director of the Ultra-High Net Worth Group within Private Client Services at Bank One (now JP Morgan Chase); director of a multifamily investment office in Paris, France; general manager of European operations of Wellington Management Company in London, England; and assistant portfolio manager of a Forbes Honor Roll mutual fund.
He has a BA with honors from Dartmouth College, an MBA from Harvard Business School, and is a Chartered Financial Analyst. He has been married for more than 30 years to his wife, Susan, and they have three grown children.
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