Best Personal Financial Advisors for Lottery Winners in California

William Huston, AIF®, AIFA®

by in Published on November 14, 2022

Share this post in:

Best Personal Financial Advisors for Lottery Winners in California

If you just won the lottery, you're probably happy, excited and maybe a bit overwhelmed because of your new sudden wealth as a result of your lottery winnings.

This is the reality of one Powerball player in California who recently won a $2.04 billion jackpot. They will be California’s first billionaire by lottery.

You're probably wondering what do you do with all the lottery money after winning? Should you consider receiving a lump sum payout, or are you better off opting for a long-term annuity payout?

As a lottery winner, before you make any conclusive decisions, first assemble a proper financial team to help you come up with a financial plan.

A key person to have on your team is a financial advisor and here's why.

Who is a Financial Advisor

A financial advisor is a certified professional who uses their expertise to provide their clients with information on how to handle their personal finances, make investments or take other courses of action.

Financial advisors can operate independently or be part of a financial firm/ organization. Some of the roles of a financial advisor include executing trades in the market on behalf of their clients, creating personalized financial plans for their clients, advising their clients on matters budgeting, savings, insurance & taxes and doing regular reviews with their clients.

Top Financial Advisors for Lottery Winners in California

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 has subject matter expertise on diverse manager search & selection, performance attribution, asset allocation, modern portfolio theory, behavioral finance and clean energy.

He founded the company after 13 years of supporting the United States' largest retirement plan ($650B) Thrift Savings Plan. He is recognized as Investopedia’s Top 100 Financial Advisors for 2022. In California, Bay Street Capital Holdings is the only Black-owned firm out of the twenty firms that received this recognition.

In 2022, he also ranked 2nd out of 900 firms for Asset Manager of the Year on WealthManagemtn.com under the Corporate Social Responsibility category. Expertise.com also named him among the best financial advisors in The Bay Area. To schedule a session with William, get in touch with him here.

Ekenna Anya Gafu, CFP®, AAMS®

Ekenna is the CFO & Director of Planning at Bay Street Capital Holdings. He provides individuals and institutions with customized support for retirement plans, from development through review and optimization. As a top financial advisor, Ekenna also leads Bay Street’s comprehensive financial planning strategy aimed at turning clients’ financial dreams into reality.

Prior to Bay Street Capital Holdings, Ekenna spent five years in the brokerage world with Charles Schwab and TD Ameritrade.

Ekenna is a Certified Financial Planner (CFP) and an Accredited Asset Management Specialist (AAMS). He is a graduate of Black Hills State University where he completed 4 years of collegiate football with a double major in Finance & Economics and Behavioral Science.

To schedule a session with Ekenna, get in touch with him here.

Brittney Castro

Brittney is the Founder and CEO of Brittney Castro, Inc., a Certified Financial Planner, an insurance broker and a leading speaker and host who has worked worked with top brands like Chase, Mint, ETrade, CNBC, Gemini, AirBnB, Zoom, Altruist, Refinery29, among others to promote financial literacy among people via digital media.

She is a CFP® Pro spokeswoman as part of the CFP Board Center for Financial Planning’s campaign to educate minorities about financial planning careers.

In 2018, Brittney was elected one of the 40 under 40 in 2020 by Investment News, as one of the 22 “Women To Watch”. From 2017-2022, she has been ranked by Investopedia among the Top Influential Financial Advisors.

Cathy Curtis, CFP®

Cathy is a Certified Financial Planner and the founder of Curtis Financial Planning, an independent and registered Investment Advisor located in Oakland.

Through her position on the CNBC Financial Advisor Council, she educates the public on personal finance matters.

From 2017 to 2022, she has been named by Investopedia among the Top 100 Financial Advisors. In 2019, she was named one of 9 women in Finance to follow on Twitter. Investment News also named her one of the Women to Watch in 2022.

In addition to being a financial planner, Cathy is also an author, teacher and podcaster. She is passionate about educating her clients and women financial independence and the importance of planning and investing.

Drew Freides

Drew Freides is the Managing Director - Private Wealth Advisor at UBS. As a private wealth advisor, he focuses on providing individuals, institutions and families with personalized wealth management services.

When working with his clients, his focus is not only to grow their money but also to take well-thought out risks to grow their portfolios and preserve their capital.

In 2022, he is ranked among America’s Top Wealth Advisors, Best-In-State Wealth Advisors by Forbes.

Conclusion

Many lottery winners have scored mega million jackpots but have ended up losing it all. As a new lottery winner, be sure to hire the best financial advisor based on your needs and have a trustworthy advisory team that will provide guidance on how to grow and preserve your new found wealth.

To get in touch with one of 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.

Our founder, William Huston founded Bay Street after 13 years of supporting the United States' largest retirement plan ($650B) Thrift Savings Plan. He is recognized as Investopedia’s Top 100 Financial Advisors for 2022. In California, Bay Street Capital Holdings is the only Black-owned firm out of the twenty firms that received this recognition. In Scottsdale Arizona, Ekenna Anya-Gafu CFP, AAMS is recognized among the Best Financial Advisors for his responsiveness, friendliness, helpfulness, and detail. Bay Street was founded to advocate for diverse and emerging fund managers and entrepreneurs. In 2021, Bay Street 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/ https://curtisfinancialplanning.com/ https://www.forbes.com/sites/jasonbisnoff/2022/08/24/ubs-advisor-uses-championship-sailing-pedigree-to-manage-92-billion-for-clients/?sh=1824350828e1

William Huston, AIF®, AIFA®
More posts by William Huston, AIF®, AIFA®

Contact us to discuss how we can help empower you on your investment journey.

Please tell us about yourself, and our team will contact you.