Title: How Should a Recently Sold Business Be Invested If Expecting Approximately $22 Million?
A professional overview for readers seeking guidance on managing a substantial windfall
I’m in my early 30s and have just sold a business, which will leave me with roughly $22 million. My assets are currently spread across two wealth-management relationships: Chase Wealth and a smaller, independent firm. I’m paying around 0.65% in advisory fees with both firms, but I’m not confident in the value I’m receiving because I’m not yet at the $10 million threshold that would reduce Chase’s fee to 0.55%. The ongoing decision-making process feels slow, and I worry about whether I’m optimizing my allocation.
Current holdings include:
– Approximately $100,000 in a Vanguard S&P 500 index fund, managed personally
– About $200,000 in Fundrise (real estate crowdfunding)
– Roughly $500,000 in cryptocurrency
– About $150,000 recently invested with Compound Finance, which uses a crypto-based platform and Metamask for transfers
I have a concern about safety and reliability, given that Compound Finance operates in the crypto space and relies on Chrome extensions for transfers. Yet I’ve been earning an average of 3.88% via stablecoins, which is attractive in a high-inflation environment.
I’m also being pitched a whole life insurance product through an LLC with bank financing. I’ve heard this is one of the more complex “investment” structures in the life insurance space and that Private Life Insurance may be promoted as a better option—but I’m skeptical of the efficiency and outcomes. My instinct is that this may not be the best fit, but I’m open to evidence.
The decision fatigue is real. I’m trying to decide whether to diversify into DeFi or keep with traditional vehicles. The last 20% of the funds are still in escrow and will be disbursed over the next 24 months, adding a timing consideration to the plan.
I’m looking for general guidance on:
– Asset allocation strategies for a multi-million-dollar windfall
– When to consider fee structures and whether to consolidate with a single custodian
– The role of traditional equities, fixed income, real estate, and alternative investments
– The risk implications of crypto and DeFi relative to a long-term horizon
– Insurance-based products vs. straightforward investment vehicles
– Tax implications and estate-planning considerations for a substantial inheritance of this kind
– How to approach the escrowed portion and timing of distributions
For transparency, I’ve included screenshots as proof of funds: (link provided)
Note: I’ll be following up with responses in due course as I continue to explore options and gather perspectives.
