Navigating the Opportunities & Challenges of Sudden Wealth

From a planner’s perspective, a client’s sudden wealth may seem like purely a positive opportunity for better planning outcomes and easier cashflow. The reality is often much more complicated and can involve a multi-stage process of transition that involves both the personal, as well as the technical sides of planning. To truly prepare clients for sudden wealth events, it takes an understanding of multi-disciplinary aspects of financial transition management. This session will overview the 4 stages of transition, what to look for when working with clients in undergoing a significant financial transition and strategies for being more effective in helping them successful navigate through the sudden wealth event.