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Financial Planning / Windfall Management


Subject:  Looking for Advice re: Large Inheritance Date:  4/6/2018  1:32 PM
Author:  RebelWithACoz Number:  13 of 21

Hi Fellow Fools.

I'm a foolish investor with a portfolio that's basically half in well diversified Vanguard index funds and half in stocks bought with a fool's perspective (buy and hold great businesses with great leaders). I've been comfortable with this approach and managing my money without further assistance. Now, a very large (by my standards) inheritance is coming my way. Do I stay the foolish course and just keep doing what I've been doing? Do I hire a financial advisor? I'm really leaning toward an advisor but I'm having a tough time finding a recommendation for someone who operates from a fee-only model. I've never discussed this with friends before and have learned that everybody I know is using someone who works in the % model. That's out of the question for me. So, thoughts about how to handle this large influx of money and how to find an advisor. Advisor recommendations would be welcome as well, if that's permitted on these boards.

Thanks in advance!
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