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Best Personal Financial Advisors for Lottery Winners in California
Winning the lottery is a dream come true for many, but it can also be a daunting experience. One moment you're an ordinary person, and the next you have millions of dollars in lottery winnings.
Recently, a Powerball player in California won a staggering $2.04 billion jackpot, making them California's first lottery winner billionaire.
With all the excitement, it's easy to forget that sudden wealth such as lottery money also comes with tax implications and financial responsibilities.
Before making any hasty decisions, it's crucial to assemble a financial team, including a tax attorney, to help you navigate the complexities of your newfound wealth.
One of the most important members of this team is a financial advisor who can help you make wise investment decisions with your lump sum and to develop a financial plan for the future.
So, if you're holding the winning ticket, don't forget to include a financial advisor on your team. Here is a leading financial advisor you can
Key Takeaways
- A financial advisor offers advice and guidance to individuals and businesses on how to manage their finances, make informed investments, and take calculated risks.
- Among others, financial advisors execute trades in the market, create customized financial plans, and conduct regular reviews with clients to ensure their plans stay up to date.
- William Huston, Ekenna Anya Gafu, Brittney Castro, Cathy Curtis, and Drew Freides are top financial advisors in California..
Disclaimer
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, financial management, and real estate here. More on disclaimers here.
Who is a financial advisor?
A financial advisor is a skilled and accredited professional who offers advice and guidance to individuals and businesses on how to manage their finances, make informed investments, and take calculated risks.
Financial advisors have the option to work independently as consultants or associate themselves with financial firms. In either case, they provide clients with personalized financial advice and investment management services.
Some financial advisors such as a certified public accountant can also provide tax planning and preparation services to their clients in addition to financial advice.
They play multiple roles, including executing trades in the market on behalf of their clients, creating customized financial plans that align with their clients' goals.
They also advise clients on matters related to budgeting, savings, insurance, and taxes, and conduct regular reviews with their clients to ensure their plans stay up to date with their changing financial circumstances.
Top financial advisors for lottery winners in California
If you live in California, here the experts to speak with when you win the lottery:
William Huston, AIF®, AIFA®
William Huston is the Founder & Chief Investment Officer of Bay Street Capital Holdings, a Black-owned, independent investment advisory, wealth management, and financial planning firm. based in Palo Alto, CA.
William brings extensive subject matter expertise on diverse manager search and selection, performance attribution, asset allocation, modern portfolio theory, behavioral finance, and clean energy to Bay Street. He founded the company after supporting the United States' largest retirement plan, Thrift Savings Plan, for 13 years.
William's expertise has not gone unnoticed, as he was recognized among Investopedia's Top 100 Financial Advisors for 2022. Among the twenty firms that received this recognition in California, Bay Street Capital Holdings is the only Black-owned firm.
William's commitment to corporate social responsibility and clean energy has also earned him the title of Asset Manager of the Year under the Corporate Social Responsibility category, ranking second out of 900 firms in 2022, according to wealthmanagement.com. Expertise.com also included him among the best financial advisors in The Bay Area. Get in touch and schedule a session with William here.
Ekenna Anya-Gafu, CFP®, AAMS®
Ekenna is a highly experienced professional serving as the CFO & Director of Planning at Bay Street Capital Holdings. He specializes in offering individuals and institutions customized support for retirement plans, starting from development through review and optimization.
As a top financial advisor, Ekenna plays a pivotal role in leading Bay Street’s comprehensive financial planning strategy aimed at turning clients’ financial dreams into reality. Prior to joining Bay Street Capital Holdings, Ekenna has spent five years in the brokerage world with Charles Schwab and TD Ameritrade. He is a Certified Financial Planner (CFP) and an Accredited Asset Management Specialist (AAMS).
Ekenna is an alumnus of Black Hills State University, where he completed four years of collegiate football while obtaining a double major in Finance & Economics and Behavioral Science. His diverse skill set, vast experience, and passion for helping people have made him a top financial advisor, and he continues to help clients achieve their financial goals through his expertise.
Schedule a session with Ekenna for personalized services here.
Brittney Castro
Brittney is a multifaceted financial expert and influencer who has dedicated her career to promoting financial literacy. As the founder and CEO of Brittney Castro, Inc., she has worked with some of the most recognizable brands in the industry, including Chase, Mint, ETrade, and CNBC, among others.
Brittney's digital media platform provides financial education and advice to people from all walks of life. As a Certified Financial Planner and insurance broker, Brittney is a spokesperson for the CFP Board Center for Financial Planning’s campaign to educate minorities about financial planning careers.
Brittney has received numerous accolades for her work in the industry, including being named one of the “Women to Watch” and one of the 40 under 40 in 2020 by Investment News, as well as being ranked among the Top Influential Financial Advisors by Investopedia from 2017 to 2022.
Cathy Curtis, CFP®
Cathy is a highly accomplished Certified Financial Planner, who founded Curtis Financial Planning, an independent and registered Investment Advisor located in Oakland. As a member of the CNBC Financial Advisor Council, she plays an important role in educating the public on various personal finance matters.
Over the years, her expertise and contribution to the industry have been widely recognized. Investopedia has named her among the Top 100 Financial Advisors from 2017 to 2022, while she was also recognized as one of 9 women in Finance to follow on Twitter in 2019. In 2022, Investment News featured her in their Women to Watch list.
Cathy's passion for educating women about financial independence and the importance of planning and investing goes beyond her work as a financial planner, as she is also an author, teacher, and podcaster.
Drew Freides
Drew Freides holds the position of Managing Director - Private Wealth Advisor at UBS. In his capacity as a private wealth advisor, he specializes in offering tailored wealth management services to individuals, institutions, and families.
While working with his clients, Freides doesn't just concentrate on increasing their assets, but also aims to take calculated risks to help expand their portfolios while safeguarding their capital.
Drew's expertise and dedication to his clients' financial success have earned him recognition as one of America's Top Wealth Advisors, as well as one of the Best-In-State Wealth Advisors by Forbes in 2022.
Conclusion
In conclusion, winning the lottery can be life-changing, but it also comes with its challenges. As a lottery winner, you should be mindful of the statistics that show many lottery winners losing their newfound wealth, and hence focus on asset protection.
Therefore, finding the best financial advisor who understands your needs and can guide you in growing and preserving your wealth is essential. With the right advisory team in place, you can make the most of your winnings and secure your financial future.
Get in touch with our qualified financial advisors. Contact us here!
Bay Street Capital Holdings
Bay Street Capital Holdings is a Black-owned, independent investment advisory, wealth management, and financial planning firm headquartered in Palo Alto, CA. They manage portfolios with the goal of maintaining and increasing total assets and income with a high priority on managing total risk and volatility. Although many advisors may focus on maximizing returns, they place a higher priority on managing total risk and volatility.
The founder, William Huston, is recognized as Investopedia’s Top 100 Financial Advisors for 2022. Bay Street was founded to advocate for diverse and emerging fund managers and entrepreneurs and was selected as a finalist out of over 900 firms across the US in the category of Asset Manager for Corporate Social Responsibility (CSR).
Sources
https://www.investopedia.com/top-100-financial-advisors-5323670
https://www.investopedia.com/articles/personal-finance/050815/what-do-financial-advisers-do.asp
https://www.baystreetcapitalholdings.com
https://www.brittneycastro.com/
