Brian L. Lucareli

Director of FOLEY Private Office

Overview

Brian L. Lucareli, Esq. is director of FOLEY Private Office with Foley & Lardner LLP. He is responsible for the strategic development of trust and wealth administration services, including the delivery of FOLEY Private Office, the firm’s multi-family office solution.

Prior to joining Foley, Brian was senior vice president and director with Johnson Bank Wealth, where he was responsible for establishing strategy and direction for the trust and fiduciary services business. He has focused his career exclusively in the financial services industry.

Recognition and Thought Leadership

Named as one of the nation's Top Brokerage Program Managers of the Year in 2008 and 2011 by Bank Investment Consultant magazine, Brian is frequently quoted and has authored numerous articles within the wealth management industry.

Education

Brian earned his law degree from Marquette University and holds a bachelor’s degree in economics from the University of Wisconsin-Madison.

Admissions and Professional Memberships

Brian is admitted to practice in Wisconsin and before the United States Eastern District of Wisconsin. He is also a member of the Wisconsin Bar Association and the American Bar Association.

Community Engagement

A lifelong resident of Racine, he has served on a number of local not-for-profit boards including the Children’s Hospital of Wisconsin and Health System Investment Subcommittee, and the Catholic Community Foundation board of directors. Most recently, Brian was appointed to the Racine Community Foundation Investment Committee and the Boys and Girls Club of Greater Milwaukee Endowment Committee.

Representative Experience

  • Successfully resolved IRS audit focusing on client’s income tax deduction for multi-million payments made to a public policy, social welfare organization. The IRS’s initial position was that the client owed millions in additional income tax and penalties; the IRS closed the audit while assessing the client with a de minimis adjustment
  • Included in a team of Foley attorneys managed and administered the interview process and the hiring of a new CEO for the family office, including developing a strategic plan and new position description, screening and soliciting qualified candidates, and coordinated for interviews with the family. Foley then negotiated the pay package and employment contract (including confidentiality provisions) for the CEO. Foley was integral in developing an onboarding process and new review process for the CEO
  • Included in a team of Foley attorneys worked closely with a family office to develop an education series focused both on investment management (diversification, types of investments, and costs) and legal roles of trustees and beneficiaries. The education series culminated in a new investment policy statement developed with significant input from the family and the investment consultant. Family members report a large improvement in family engagement in the overall investments of the trusts and general ownership of the family office
  • Included in a team of Foley attorneys, serving as trustees and advisors, led an investment consultant selection process for a significant single family office. This included selecting, coordinating and summarizing submissions from over 12 different possible providers, working with a committee of family members to develop a family-centric scorecard and criteria for selection, and assisting family members with reviewing submissions and interviewing potential providers. Foley attorneys assisted the family committee in reporting to the larger to obtain agreement for the new investment consultant. Foley attorneys assisted the new investment manager in plans for a tax-efficient transition

Insights

Foley Family Office Series
17 September 2019
Milwaukee, WI