Advising Sudden Wealth Recipients in Denver

A sudden and unexpected influx of wealth sounds like a dream come true, and it certainly can be. But whether you’re an individual receiving a large inheritance, a business owner in line for a big buyout, or someone about to win a large cash settlement, sudden wealth can be a confusing and challenging situation. Along with the initial excitement, experiencing a major liquidity event can bring with it a lot of uncertainty. This is where having professional guidance from Brown and Company can bring much-needed stability to your financial planning. We’re wealth advisors in Denver suited to help sudden wealth recipients navigate their new situation and avoid the most common mistakes. clients engage us to provide sudden wealth management in Denver andprovide guidance and a financial roadmap.

Understanding the Challenges of Sudden Wealth

If you’re the beneficiary of a sudden financial windfall, it’s easy to be overwhelmed with emotions. This rush of feelings is what’s often known as “sudden wealth syndrome,” and it can be intoxicating. However, being carried away — even by positive vibes — can upend your stability. If you suddenly have more money than you know what to do with, you’ll find it’s a lot different from having a steady, consistent income.

For most sudden wealth recipients, the tendency is to spend freely without giving much thought to what they’re doing. This puts them at risk of burning through their funds too quickly and making too many poor purchases. Another common issue is making misguided investments with the unfounded belief that they will be insulated by their wealth. Having proper guidance to help steer their decision-making can help these individuals avoid such mistakes and protect their wealth for the long-term.

Crafting a Personalized Strategy for Newfound Assets

There are a few key elements that go into a successful strategy for managing your newfound personal wealth. For example, it’s critical to diversify * your assets and maintain a healthy level of liquidity so you can enjoy your funds now and keep them protected for the future. You’ll also need to think about using tools like wills and trusts to ensure your family can continue to benefit from your money even after you’re gone. Any philanthropic efforts you want to make should be carefully considered, as well, to ensure they have the maximum impact on your tax exposure.

How We Serve Sudden Wealth Recipients in Denver

Brown and Company serves as your comprehensive wealth advisors, delivering expertise to aiming to help you can manage your newfound wealth in the most effective and beneficial manner. Our services include:

Investment Planning: Let our financial planning professionals assist you in devising a strategy for building a portfolio using your new funds.
Tax Optimization: We can help you plan to limit your exposure and liabilities so you can maintain more of your wealth.
Estate Planning: Prepare your assets to be shared with subsequent generations with the help of our experienced financial planners.
Education Planning: Plan a better future for your children by setting aside funds for their future schooling.
Philanthropic Planning: With our help, you can use your new wealth to give back to the causes that matter the most to you with the most impact.
Retirement Planning: We plan for you to be able to maintain the lifestyle you want once you’re ready for retirement and meet all your financial goals.
Business Exit Strategies: If you’re planning to leave your business, we can advise you on the appropriate way forward that provides the best outcomes for all.

Brown and Company’s Personalized Approach

We stand apart from other firms because of our client-centric approach. No matter what we are called upon to do for you, we take the time to tailor our services carefully to meet your specific needs. Our status as a financial fiduciary means you can rest assured every decision we make concerning your net worth is made in your best interests, and our transparent fee structures mean you won’t have to worry about any unexpected surprises. If you’re the beneficiary of a major liquidity event, Brown and Company is ready to help you keep those initial good feelings well into the future.

*There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.

With Brown, You’ll Know!