Irvine financial planner advisor
Skip to content

Sudden Wealth Financial Advisors

We have special expertise serving sudden wealth™ recipients—individuals who suddenly receive a large sum of money through a divorce, inheritance, lawsuit, lottery, stock options, entertainment/sports contract, or business sale. We best serve those that find themselves outside their financial comfort zone. We help our sudden wealth™ clients go from confused and overwhelmed to confident and in control through a five-step process.

Sudden wealth™ recipients come from all walks of life, backgrounds, beliefs, and corners of the world, but they all share one common thread. This common thread is that they have received newfound wealth from a divorce, inheritance, or lawsuit and it has pushed them outside of their financial comfort zone.

We are Sudden Wealth™ Financial Advisors

Our goal is to become a trusted partner. Because we don’t sell any products and are not compensated based on the financial advice we provide, sudden wealth™ recipients have someone in their corner that is looking out for what’s best for them. We act as financial bodyguards—making sure nobody is taking advantage of the situation.

In addition to the 360 Wealth Management process we take all of our clients through, we have developed a five-step process specifically for our sudden wealth™ clients discussed below.

Wealth can be created over time or all of a sudden. Money received quickly is different…

There’s gradual money and there’s sudden wealth™. Most of us are used to gradual money—earning an income and building a nest egg over time. It’s a slow and steady process. As our net worth increases over the years, we adapt and slowly become more financially sophisticated. We may first hire a CPA to do our taxes when the deductions get too complex, then hire an investment advisor to manage our growing wealth, and then hire an attorney to help us create an estate plan. It’s like riding a smooth elevator—you’re going up, but you hardly feel it.

As many as 70% of those who come into money suddenly end up losing it all because of their inability to deal with the practical, financial and emotional issues involved

Then there’s sudden wealth™. It’s like being on the ground floor of a 60-story building and rocketing to the penthouse suite in seconds. It sounds a lot more exciting than gradual money, but what exactly is it?

What is sudden wealth™?

Sudden wealth™ means getting more money than you’re used to being responsible for—and getting it all at once. There’s no minimum dollar amount to qualify as sudden wealth™. The distinguishing factor is that the amount has to be large enough to take you out of your financial comfort zone.

If you’re struggling to get by and suddenly get a check for $10,000, this might push you outside of your financial comfort zone. On the other hand, if you’re a multi-millionaire and inherit $100,000, you might not miss a beat. Again, the amount isn’t important; it’s your reaction to the amount that determines if it is sudden wealth™.

Where does sudden wealth™ come from?

It may have resulted from luck or hard work. It may have been years in the making or it may have happened in an instant. It may have been the result of a long and bitter battle or simply being at the right place at the right time. It may have come from a painful end or a happy beginning. Typically, sudden wealth™ comes from a lawsuit, divorce, sale of a business, inheritance, lottery winnings, sport/entertainment contracts, retirement packages, or stock options.

Suddenly receiving money can cause anxiety, indecision, and fear in those who don't adapt or develop a strategy.

Regardless of where the money comes from, you’re the same person you were the day before you received it, but you are quickly thrust into a new and often uncomfortable situation.

While sudden wealth™ sounds like a great thing, it can cause anxiety, indecision, and fear in those who don’t adapt or develop a strategy.

Have you heard of the woman from New Jersey who won two lotteries totaling $5.4 million? She spent it all and now lives in a trailer. What about the entrepreneur who earned $24 million overnight from a successful IPO? Within a few months, he lost it all. What about the man who won $16.2 million? Less than a year later, he was $1 million in debt and now lives on Social Security.

Unfortunately, there are many more stories just like this. In fact, according to an MSN article, “as many as 70% of those who come into sudden wealth™ end up losing it all because of their inability to deal with the practical, financial and emotional issues involved.”

Reach us at (949) 305-0500