Don't spend it all at once: Advising clients with large cash windfalls

What to do with a big cash windfall is, for most, a problem both dreamt up and solved during a Saturday night in the local. For a lucky few, though, this fantasy can become a reality and, in these cases, it is likely that professional financial advice, rather than that proffered by the pub landlord, will be what is required. Spending power For those who have advised clients new to money, such as Hargreaves Lansdown’s head of financial planning Danny Cox, first meetings are often memorable. “I’ll never forget when I turned up at the house of two premium bond winners and couldn’t park...