Understanding Sudden Wealth Syndrome: Managing Unexpected Financial Windfalls

In this episode of 'The Ascent with Crestmont Private Wealth,' Alec Walker, EVP of Financial Planning, and CEO Sam McGee discuss the psychological and emotional challenges of Sudden Wealth Syndrome. They explore how unexpected financial windfalls, such as inheritances, lottery wins, or large contracts, can lead to stress, guilt, anxiety, and impulsive spending. The discussion also highlights the importance of financial literacy, planning, and surrounding oneself with a trusted advisory team to effectively manage new-found wealth.

Original Air Date: May 17, 2025 as heard on Boerne Radio 103.9FM

Contact:  https://crestmontpw.com 

Houston Office: 832-280-5288 / Boerne Office: 830-369-2898
00:00 Introduction to the Ascent Podcast
00:21 Understanding Sudden Wealth Syndrome
01:26 Psychological and Emotional Effects
01:53 Examples and Real-Life Scenarios
05:25 Causes and Contributing Factors
07:19 Navigating Sudden Wealth
09:29 Planning for Inheritance and Wealth Transfer
11:49 Crestmont's Family Billing Structure
13:10 Conclusion and Contact Information

Understanding Sudden Wealth Syndrome: Managing Unexpected Financial Windfalls
In this episode of 'The Ascent with Crestmont Private Wealth,' Alec Walker, EVP of Financial Planning, and CEO Sam McGee discuss the psychological and emotional challenges of Sudden Wealth Syndrome. They explore how unexpected financial windfalls, such as inheritances, lottery wins, or large contracts, can lead to stress, guilt, anxiety, and impulsive spending. The discussion also highlights the importance of financial literacy, planning, and surrounding oneself with a trusted advisory team to effectively manage new-found wealth.
Original Air Date: May 17, 2025 as heard on Boerne Radio 103.9FM
Contact:&nbsp; <a href="https://crestmontpw.com">https://crestmontpw.com</a>&nbsp;
Houston Office: 832-280-5288 / Boerne Office: 830-369-2898
<ul>
<li>00:00 Introduction to the Ascent Podcast</li>
<li>00:21 Understanding Sudden Wealth Syndrome</li>
<li>01:26 Psychological and Emotional Effects</li>
<li>01:53 Examples and Real-Life Scenarios</li>
<li>05:25 Causes and Contributing Factors</li>
<li>07:19 Navigating Sudden Wealth</li>
<li>09:29 Planning for Inheritance and Wealth Transfer</li>
<li>11:49 Crestmont's Family Billing Structure</li>
<li>13:10 Conclusion and Contact Information</li>
</ul>

Host:  Sam McGee, MBA, CFA

Founder/Owner of Crestmont Private Wealth.
604 S. Main St. Boerne TX 78006
(830) 368-2898
www.crestmontpw.com

Host:  Sam McGee, MBA, CFA
Founder/Owner of Crestmont Private Wealth.
<ul>
<li><a href="https://www.google.com/maps?q=604%20S.%20Main%20St.,%20Boerne,%20TX,%2078006">604 S. Main St. Boerne TX 78006</a></li>
<li><a href="tel:8303682898">(830) 368-2898</a></li>
<li><a href="http://crestmontpw.com/">www.crestmontpw.com</a></li>
</ul>

The Ascent With Crestmont Private Wealth

The Ascent with Crestmont Private Wealth 

Host: Sam McGee

Houston Office: I Riverway, Suite 470 Houston, Texas 77056

(832) 280-5288

Boerne Office: 604 South Main Boerne, Texas 78006

Office (830) 368-2898

About Sam McGee

CHIEF EXECUTIVE OFFICER & CHIEF INVESTMENT OFFICER

Sam McGee is the founder and owner of Crestmont Private Wealth. As CEO, he believes that to lead well you must have a servant heart. His day-to-day role with Crestmont is to lead and learn from a group of talented professionals who have high character qualities and initiative. His vision is to steer a mission led company that changes lives through financial stewardship, engagement with clients, and fiduciary style education.

Sam has 26 years in the financial industry and is a Chartered Financial Analyst. The CFA Program is a rigorous three-part exam that tests the fundamentals of investment tools, valuing assets, portfolio management, wealth planning, with an emphasis on ethics and quantitative analysis.

Sam is passionate about volunteering his time to the community. He founded the Texas Hill Country Mustang Club (501c7), is a board member for Hill Country Family Services, was appointed by the Texas Governor to the Texas Board of Professional Geoscientists, is a volunteer firefighter with the Boerne Fire Department, a trained SkyWarn Weather Spotter, and a Boerne Little League head coach, and involved with many charitable causes.

When asked what is most important to him, he said “Faith, Family, Community, & Friendships”

The Ascent with Crestmont Private Wealth 
Host: Sam McGee
Houston Office: I Riverway, Suite 470 Houston, Texas 77056
(832) 280-5288
Boerne Office: 604 South Main Boerne, Texas 78006
Office (830) 368-2898
About Sam McGee
CHIEF EXECUTIVE OFFICER &amp; CHIEF INVESTMENT OFFICER
Sam McGee is the founder and owner of Crestmont Private Wealth. As CEO, he believes that to lead well you must have a servant heart. His day-to-day role with Crestmont is to lead and learn from a group of talented professionals who have high character qualities and initiative. His vision is to steer a mission led company that changes lives through financial stewardship, engagement with clients, and fiduciary style education.
Sam has 26 years in the financial industry and is a Chartered Financial Analyst. The CFA Program is a rigorous three-part exam that tests the fundamentals of investment tools, valuing assets, portfolio management, wealth planning, with an emphasis on ethics and quantitative analysis.
Sam is passionate about volunteering his time to the community. He founded the Texas Hill Country Mustang Club (501c7), is a board member for Hill Country Family Services, was appointed by the Texas Governor to the Texas Board of Professional Geoscientists, is a volunteer firefighter with the Boerne Fire Department, a trained SkyWarn Weather Spotter, and a Boerne Little League head coach, and involved with many charitable causes.
When asked what is most important to him, he said “Faith, Family, Community, &amp; Friendships”

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