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What is the best way to manage and maximize a sudden sum of money?

I have recently inherited a piece of jewelry that I intend to sell for ~$100K. I would like to maximize that money over the course of 10 years. If I were to invest it, is my best option to seek professional advice, engage in independent investing options, or use a new "robo-advisor" like my son uses?

Investing, Choosing an Advisor
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May 2017

I would initially consult with a CPA for tax planning then with a financial advisor in order to properly analyze your current portfolio for diverisfication within all of your accounts.

By utilizing the services of a financial advisor you would be able to indentify your individual investment goals, time horizon, tax strategies, and risk tolerance. Once that is in place, there are many options to choose from taking into consideration what is suitable for you individually. Also, an advisor would be able to make certain that you are properly diversified in order to minimize any potential downside.

Just to clarify:

  • Robo-advisors offer financial services with minimal human intervention. They provide digital financial advice based on mathematical rules or algorithms. These algorithms are executed by software and thus their financial advice does not require a human advisor. The software utilizes its algorithms to automatically allocate, manage and optimize clients’ assets. Most robo-advisor services are instead limited to providing portfolio management without addressing issues such as estate and retirement planning and cash-flow management, etc which are also the domain of financial planning.
  • A discount brokerage is a business that charges clients significantly lower fees than a traditional full service brokerage firm but without providing financial advice. Discount brokers typically allow investors as well as consumers of financial services to buy and sell on-line while offering comparatively fewer services and/or support.
  • A full service brokerage financial advisor is a licensed financial broker-dealer firm that provides a large variety of services to its clients, including research and advice, retirement planning, tax investing strategies, and much more. Full-service brokers can provide expertise for people who do not have the time to stay up-to-date on complicated issues such as tax or estate planning. 

Retaining the services of an experienced financial advisor far out weigh the services of a robo advisor or even a discount firm. There are many variables and personal financial differences that cannot be evaluted by mathematical algorithms. Also, your financial advisor is a trusted advisor available for consulting with you during the ups and downs of the market. Dealing with a small independent advisor will enable you to customize a portfolio specifically for you and your family.


Dawson, Rebecca

Los Angeles, CA







May 2017
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