How Sudden Money Recipients Work with Socius

Ensuring your newfound affluence enriches your life for a lifetime, not just a few years.

ENSURING YOUR NEWFOUND AFFLUENCE ENRICHES YOUR LIFE FOR A LIFETIME, NOT JUST A FEW YEARS.

A sudden influx of financial resources, also known as a liquidity event, can be both a blessing and a curse. Whether you’ve inherited a huge sum, sold a business, signed a lucrative contract, or received a major settlement, new money can upend your life—and leave you as quickly as it came.

Up to 70% of people who come into sudden money lose it all within a few short years. Why? The money can feel unlimited, but hasty decisions, bad habits, and over-eager advisers lead most people to spend unwisely—effectively wasting it.

YOUR PROCESS WITH SOCIUS

Here’s how we work with sudden money recipients to protect their estate and well-being over time.

1: DISCOVERY

Building a relationship of respect and trust is paramount. We begin by developing a rapport, listening to your goals, and understanding the whole of your new financial life.

As your primary point of contact for all things financial, we’ll bring all your other advisers to the table, including accountants and attorneys. Implementing a long-term financial strategy is a team effort—but we’re here to lead that team, so you don’t have to worry about the day-to-day details.

2: STRATEGY

When you suddenly receive a huge sum of money, you’ll feel the urge to spend it right away: changing your lifestyle, making big purchases, doling out generous gifts to friends and family. For your own sake, we’ll advise you to stop and think—in fact, we recommend a six-month moratorium on any major moves, as impulsive decisions are an easy way to lose financial control.

While you pause, we’ll help you develop a detailed plan and teach you the fundamentals of responsible habits. By mapping out life events and any future influxes, you’ll gain peace of mind in knowing your money is safe and secure.

3: EXECUTION

Schedule your first meeting

with Socius today to learn how we can help ensure that your affluence stays with you.

OUR INFO

Southeast Office
200 East Las Olas Boulevard, Suite 1550
Fort Lauderdale, FL 33301
561.404.0484

Northeast Office
4500 Brooktree Road, Suite 105
Wexford, PA 15090
724.602.2912