William Huston, AIF®, AIFA®

Best Financial Advisory Firms for Lottery Winners

Congratulations on your incredible stroke of luck! No doubt, winning the lottery jackpot is a rare experience that has the potential to completely change the course of your life, but this depends on what you do with your wins.

With newfound wealth comes the responsibility of managing it wisely, and choosing the right financial team is key to preserving and growing your newfound fortune.

This blog provides valuable insights into reputable firms that can assist you in making informed investment decisions, and ensure your wealth continues to grow.

William Huston, AIF®, AIFA®

William Huston, AIF®, AIFA®

Key Takeaways
  • Upon winning the lottery, initial steps should include securing the winning ticket, documenting ownership, and exploring options for anonymous claiming of the prize.

  • Additionally, lottery winners should seek guidance from professionals such as attorneys, accountants, and qualified financial advisors to effectively manage their newfound wealth.

  • Important considerations for lottery winners include maintaining anonymity, developing a comprehensive financial plan, evaluating long-term annuity options, prioritizing career stability, and putting together an experienced legal and financial team.

  • For those looking to secure their financial future, reputable investment firms such as Bay Street Capital Holdings, BlackRock, Charles Schwab, Fidelity Investments, and Vanguard are top choices to explore.


The contents of this article are for educational purposes only. They are not intended to be a source of professional financial advice. You will find experts on financial planning, wealth management, and real estate here. More on disclaimers here.

Win the bigger game

Winning the lottery is often seen as a dream come true, much like the recent instance of an Oregon man who claimed an astounding $1.3 billion Powerball jackpot. However, it comes with significant responsibilities. Before indulging in extravagant spending, it's crucial to come up with a comprehensive plan to manage your newfound wealth wisely.

Securing a financial advisory and legal team is paramount when managing newfound wealth. Without the professional help of an experienced team, there's a high chance you'll get overwhelmed and make some costly financial decisions. However, before securing an advisory team, there are essential preparatory measures to consider.

First steps after winning the lottery

a lottery winning ticket

These are some of the crucial actions you need to take upon discovering you hold the winning lottery ticket and before receiving your prize.

Secure the ticket

If you haven't already, immediately sign the back of the ticket to avoid lawsuits about stolen tickets; there's been such in the past.

Confirm ownership of the ticket

Document your ownership by taking a photo, recording a video, or any other reasonable means to establish that the winning ticket belongs to you. Then store it in a secure location, such as a safe deposit box at a bank or a safe within your home.

Consider claiming the prize anonymously

Investigate whether claiming your prize anonymously is an option available to you. While winning the lottery is typically viewed as the beginning of an uplifting journey, it can unfortunately lead to unforeseen risks. Instances of crimes such as theft and violence have been reported in connection with lottery wins.

Identify professionals to work with

Besides investment firms, consider working with these professionals:

An attorney who can provide advice on how to protect your lottery ticket and prevent it from falling into the wrong hands. One of their recommendations might be to establish a trust and transfer ownership of the ticket to the trust. By doing so, you can serve as the sole trustee and still receive your lottery winnings, while also enjoying reduced tax liabilities.

An accountant who offers essential services including audit support and tax compliance expertise. Working with such an individual will ensure that you stay tax compliant to avoid any issues with the IRS.

A fiduciary financial advisor. When you've got the winning ticket, it's important to have a solution in place to ensure your newfound fortune lasts a lifetime. That's where a financial advisor or certified financial planner comes in. They can work with you to develop a customized financial plan that takes into account your unique goals, risk tolerance, and lifestyle. From retirement and tax planning to setting up investment accounts, personal financial advisors can help you make the most of your lottery winnings and secure your financial future.

Get in touch with our trusted financial advisor.

5 important things to consider as a lottery winner

man at the lottery house

Here are 5 important tips to keep in mind if you've recently won the lottery:

  • Don't rush to collect your winnings immediately. You have up to 6 months to claim your prize, so take the time to create a plan.

  • Consider opting for a long-term annuity payout instead of a lump sum payout, which can help pace your spending and protect you from squandering all your sudden wealth.

  • It's important to maintain your job, career or business, as it can provide a sense of purpose and structure to your life.

  • To ensure proper planning and management of your newfound wealth, it's essential to hire a knowledgeable legal and financial team. This will help prevent any costly mistakes due to taxes and poor planning.

  • Consider philanthropy. While it's important to avoid being taken advantage of by those around you, channeling your newfound wealth into positive avenues of giving back to society is essential. You can employ the services of a philanthropic advisor for professional guidance.

Here are the best financial advisory firms for lottery winners.

Best financial advisory firms for lottery winners

In order to secure your future, you need to invest and make the money work for you. Here are 5 excellent investment firms that you should consider working with:

Bay Street Capital Holdings
Bay Street

Bay Street Capital Holdings is an asset management firm led by William Huston, a qualified financial advisor. Bay Street prioritizes managing risk and increasing income and assets for their clients. The firm expanded into the hospitality industry, owning successful hotel properties in Lake Tahoe and LA, and is now adding boutique hotels in four Portuguese cities to take advantage of the thriving tourism and hospitality sectors in the nation.

Bay Street's Alt Path Hotel Fund offers investment opportunities in Portugal's hospitality industry and potential second residency in the country. To explore these opportunities further, connect with William Huston, who has been recognized as one of Investopedia's Best Financial Advisor three times.


BlackRock is among the leading providers of investment services in the world, operating in 36 countries. As a fiduciary, the firm prioritizes the best interests of their clients and serves different demographics such as individuals and families, pension plans, educational and nonprofit organizations among others. Currently, the firm has $9.101 trillion in assets under management.

Charles Schwab
Charles Schwab

As one of the industry’s largest asset managers, Charles Schwab offers its clients a full range of investment banking and financial advisory services. They also offer their clients fairly priced ETFs, mutual funds and separately managed account strategies. Currently, the firm has $7.13 trillion in assets under management.

Fidelity Investments
Fidelity Investments

Fidelity Investments is a renowned investment advisory firm that provides services such as financial planning, retirement planning, wealth management, among others to its clients. Currently, the firm has $4.9 trillion in discretionary assets under management.

The Vanguard Group (Vanguard)

Vanguard is among the top investment management companies that offers services like retirement services, investor advisory services, among others. The company provides its clients low-cost products and services to meet long-term investment goals. Currently, the company has $7.2 trillion in total AUM.


With newfound wealth as a lottery winner, practicing financial responsibility is essential to safeguarding your winnings. Your top priority should be ensuring that your money not only grows but also generates passive income, thereby laying the foundation for lasting wealth for both yourself and future generations.

Get in touch!

Reaching for that mega millions jackpot? Then you should prepare to transform sudden wealth into financial freedom. Get in touch today! Contact us.











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