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

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Join Sam McGee of Crestmont Private Wealth as he interviews Garrett Daley, owner of American Petroleum. Garrett shares his journey from working at Valero to starting his own fuel distribution company in Boerne, Texas.

Learn about the challenges, highs, and lows of entrepreneurship, the critical nature of fuel distribution, and valuable advice for aspiring entrepreneurs.

A must-listen for anyone interested in the energy industry or contemplating starting their own business.

Original Air Date: May 10, 2025 as heard on Boerne Radio 103.9FM

• 00:00 Introduction and Welcome
• 00:43 Meet Garrett Daley
• 01:21 Garrett's Background and Career Journey
• 02:28 Starting American Petroleum
• 03:59 Challenges and Success Stories
• 08:23 The Importance of Fuel Distribution
• 11:04 Advice for Aspiring Entrepreneurs
• 12:23 Conclusion and Farewell

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Join Sam McGee, CEO of Crestmont Private Wealth, as he sits down with Patrick Cahoon, a respected lawyer, volunteer firefighter, and president of the Boerne Volunteer Fire Department. In this episode of 'The Ascent,' Sam and Patrick discuss the importance of legal counsel for business owners and high-net-worth families, focusing on litigation, risk mitigation, and building strong professional relationships. Gain insights into handling lawsuits, planning for business longevity, and the significance of solid professional networks. Patrick also shares his personal journey to Boerne, Texas, emphasizing community involvement and family values. Don't miss this informative and engaging conversation tailored for business owners and professionals alike.

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Host: Sam McGee

Contact: 830-368-2898 / www.crestmontpw.com / 604 S. Main St. Boerne TX 78006

Air Date: May 3rd 2025 as heard on Boerne Radio 103.9FM.

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n this episode of The Ascent, Sam McGee from Crestmont Private Wealth offers an in-depth discussion on responsible credit management. Drawing from over 25 years of experience in banking and finance, Sam explains the basics of credit, how to build and repair credit history, and the importance of paying bills on time. This episode is valuable for young adults heading to college, recent graduates, and anyone looking to improve their credit knowledge. Learn about the impact of credit scores, potential pitfalls like co-signing, and safeguarding against fraudulent activity. Join us and learn practical tips for maintaining a healthy financial future.

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Host: Sam McGee

Contact: 830-368-2898 / www.crestmontpw.com / 604 S. Main St. Boerne TX 78006

Air Date: April 26th 2025 as heard on Boerne Radio 103.9FM.

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Join Sam McGee, CEO of Crestmont Private Wealth, on 'The Ascent' as he delves into the fascinating topic of Third Culture Kids. With personal anecdotes from growing up in multiple countries, Sam shares insights from the book 'Third Culture Kids' and its relevance to those who have lived abroad. Discover the unique challenges and benefits of global upbringing and how it shapes future perspectives. Additionally, gain valuable financial advice for expats, including compliance tips and wealth management strategies. Perfect for families on international assignments or individuals planning to work overseas. Tune in for an engaging discussion enriched with professional guidance and personal experiences.

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Host: Sam McGee

Contact: 830-368-2898 / www.crestmontpw.com / 604 S. Main St. Boerne TX 78006

Air Date: April 19th 2025 as heard on Boerne Radio 103.9FM.

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Join Alec Walker, EVP of Financial Planning at Crestmont Private Wealth, and Carly Rosswurm from Ash Brokerage as they discuss navigating Medicare for those turning 65. Carly shares insights into the different parts of Medicare, the importance of planning ahead, and key factors to consider during the enrollment period. Learn about the differences between Medicare Supplement and Medicare Advantage plans, and find out how Ash Brokerage supports clients in making informed decisions.

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Host: Alec Walker

Contact: 830-368-2898 / www.crestmontpw.com / 604 S. Main St. Boerne TX 78006

Air Date: April 12th 2025 as heard on Boerne Radio 103.9FM.

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Join Sam McGee, CEO of Crestmont Private Wealth, and Alec Walker, EVP and CFP professional, as they discuss market volatility and investor psychology. They delve into the causes of market jitters, how investors typically react, and what you should and shouldn't do during such times. Learn about the importance of a well-structured financial plan, asset diversification, and the long-term benefits of staying the course despite short-term market fluctuations.

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Host: Sam McGee - MBA, CFA

Contact: 830-368-2898 / www.crestmontpw.com / 604 S. Main St. Boerne TX 78006

Air Date: April 5th 2025 as heard on Boerne Radio 103.9FM.

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In this episode of The Ascent, hosted by Sam McGee from Crestmont Private Wealth, special guest Matthew Parra from Origin Bank shares his journey from college to becoming a successful portfolio manager. Matthew discusses his upbringing, education at Texas State, and the challenges and rewards of entering the professional world. He offers invaluable advice for college students and young professionals on relaxation, embracing the grind, financial responsibility, the importance of mentorship, and the power of grit.

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Host: Sam McGee - MBA, CFA

Contact: 830-368-2898 / www.crestmontpw.com / 604 S. Main St. Boerne TX 78006

Air Date: March 29th 2025 as heard on Boerne Radio 103.9FM.

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