Steward a Windfall for Lifelong Wealth
After a life-altering accident, Sam received a settlement that promised to make a significant difference in his family’s future. He and his wife, Beth, came to us wanting a stewardship plan to make the most of this blessing and use it to give his daughter a great start in life.
Goals
- Manage a large financial windfall for lifelong wealth
- Create a great financial future for their daughter
- Gain confidence and clarity in their financial future
Challenges
Their previous advisor relationships felt transactional and didn’t include the kind of personalized attention and consultation that was needed for a major financial event. We needed to balance Sam’s financial confidence with Beth’s natural skepticism and risk aversion to create a strategy that felt comfortable and inclusive for both clients.
Approach
We met with Beth and Sam to understand their life goals, priorities for the future, and values around money. We worked closely with each to understand their individual perspectives and help them share their dreams and concerns openly.
We presented several possible strategies and talked each through without pressure so they could take the time they needed to make an informed decision together. Given their previous experiences, we wanted to make sure we built a strong relationship so they felt educated and empowered to make good decisions.
Results
We created a comprehensive plan for managing the settlement and future investments, giving Sam the freedom to shift entrepreneurial gears and pursue his goal of purchasing investment properties. Beth felt reassured that they were being good stewards of their wealth and confident in their investment strategy. They’re both grateful to have clarity and a sense of peace about the future and continue to discuss financial decisions with the team.
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