Intercontinental Wealth Advisors Releases Sudden Wealth Guide, Detailing Actionable Steps to Take After Receiving a Financial Windfall
In addition, Financial Advisor SaVion Harris honored as 'Top Black Rising Star of the Year' in Wealth Solutions Report's Pathfinder Awards
SAN ANTONIO, April 25, 2023 (Newswire.com) - Intercontinental Wealth Advisors, an award-winning wealth management firm based in San Antonio known for crafting custom-tailored financial strategies that address their clients' unique wealth preservation needs and multinational interests, recently announced the release of their Sudden Wealth Guide, an educational resource and comprehensive report designed to help inheritors and others who have come into sudden wealth determine what to do and what not to do after receiving a financial windfall.
"Our Sudden Wealth guide provides tips for prudent management of an inheritance or other form of financial windfall."
Howard Lutz, SVP
Intercontinental Wealth Advisors
"There are many types of financial windfalls: earning a big contract, being awarded a legal settlement, the sale of a large property, receiving an unexpected gift, selling a business, etc.," said Howard Lutz, Senior Vice President of Intercontinental Wealth Advisors. "But inheriting a considerable sum due to the death of a loved one can be a different story altogether. Whatever the reason, even though a windfall can be a blessing for your financial life, sudden wealth can be a source of stress and cause headaches if not managed properly."
Intercontinental crafted the guide with the financial health and debt prevention of recipients in mind. Key points, such as establishing and/or reviewing one's estate plan, paying off high-interest rate debt, being prudent with budgeting and saving, considering the power of privacy, honoring a loved one's legacy, not immediately loaning money to loved ones, and more are included in the guide, along with additional salient advice. Individuals who have come into an inheritance or any form of sudden money and are looking for helpful information on how to utilize a windfall to its full potential are encouraged to download the guide.
"A windfall has the potential to change your life - and your loved ones' lives - for years to come," added Lutz. "Our guide provides tips for prudent management of an inheritance or other form of sudden wealth, designed to help you through this difficult time so that you can make the most of your new situation."
To download the Sudden Wealth Guide from Intercontinental Wealth Advisors and watch an accompanying educational video, please click here.
SAVION HARRIS NAMED 'TOP BLACK RISING STAR OF THE YEAR'
SaVion Harris, Financial Advisor at Intercontinental, was named a 'Top Black Rising Star of the Year' in Wealth Solutions Report's Pathfinder Awards, recognizing Top Black Industry Leaders of 2023 in honor of Black History Month in February.
"The Rising Stars category specifically honors individuals who have attained remarkable achievements early in their careers, with potential to provide decades of exceptional leadership in wealth management," said Julius Buchanan, Managing Editor of Wealth Solutions Report. "Wealth Solutions Report's editorial staff selected candidates with influence, recognition, and a stellar reputation in the industry, who can serve as role models for other professionals and those considering a wealth management career, and who have demonstrated commitment and excellence in the industry."
Harris joined Intercontinental Wealth Advisors in mid-2021 after graduating from the University of Texas at San Antonio, where he played on the football team. His experience on the field sparked an interest in working with professional athletes and also led him to become instrumental in one of the first "name, image and likeness" (NIL) deals in the financial services industry, as Intercontinental entered into a NIL contract with UTSA's star safety, Rashad Wisdom.
"My ultimate goal is to help young athletes manage their money smarter from the start and to provide financial advice from a perspective that matches their own," said Harris. "You often hear horror stories about athletes burning through their money, not investing properly for the long run, being taken advantage of, and even worse. I want to change the narrative and be there to help make sure my clients are protected and reaching their goals - now and in the long term."
In addition, Harris recently joined the UTSA Alumni Association's Board of Directors, becoming its youngest member in history, where he's been focused on getting athletes more involved in Alumni Association events and activities, marketing tailgates and other events, growing the Alumni Association, and networking.
Wealth Solutions Report is a leading free media source for wealth management-related content featuring experts from the financial services industry. Their Pathfinder Awards series celebrates diversity and gives the voices of underrepresented communities a platform by awarding top wealth management executives from underrepresented backgrounds, coinciding with Black History Month, Women's History Month, Asian American and Pacific Islander Heritage Month, and National Hispanic Heritage Month.
Previously, Isidoro Korngold, Co-Founder and Chairman of the Board at Intercontinental, was awarded 'Hispanic Entrepreneur of the Year' in Wealth Solutions Report's Pathfinder Awards for National Hispanic Heritage Month honoring Hispanic Top Industry Leaders.
ABOUT INTERCONTINENTAL WEALTH ADVISORS
Intercontinental Wealth Advisors is an award-winning wealth management firm based in San Antonio known for crafting custom-tailored financial strategies that address their clients' unique wealth preservation needs and multinational interests. The wealth management firm's success is based on their independence, global perspective, and innovative thinking. They continue to build deep, long-term relationships with clients, serving as fiduciaries to ensure their clients' needs always come first.
The co-founders and partners, Isidoro Korngold and John Kauth, formed their first firm together in 1981, Intercontinental Financial Services Corporation, which helped offshore clients invest in US Certificates of Deposit. From there, a Broker-dealer was formed in 1991, Intercontinental Asset Management Group, and Intercontinental Consulting Group, Ltd. was established in 1994 to provide consulting services mainly focused on estate planning. Intercontinental Wealth Advisors, LLC was formed in 1997 to provide investment advisory services to a global client base, and Intercontinental Agency, LLC was formed in 2007 to provide insurance solutions.
For more information, visit www.IntercontinentalWealthAdvisors.com.
Source: Intercontinental Wealth Advisors, LLC