Financial advisors can help suddenly-wealthy clients ensure that todays windfall lasts longer than tomorrow but doing so requires more than financial acumen. Clients also need help understanding the life transition that they are making.
It's a huge transition. You're not just dealing with the windfall of the money, but also a major shift in life stages, says Jean Arias, managing director of AMG Group of Raymond James. Even in a positive case like winning the lotto, there's a big shift.
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