+18 @TakingItPeasy Depends on the level of wealth. I.e. if you won tomorrow's powerball 467mm --> about 100mm after lump sum and all taxes paid - state dependant. At that level it's ultra high net worth a few times over which gives almost every option. I would hire a family office / sfo. No I would not be overly fee conscious as now I can afford not to be. If I couldn't get over my thriftyness then I would go to a private wealth management team at Morgan Stanley where some groups are willing to negotiate the fee of managed money equity assets down towards their fee sharing level, and would have them manage fixed income transactionaly for further cost reduction. Just have to spend a few months assessing and setting up your team of financial, legal and tax. Then, off to enjoy the world.

+11 @DrTriage My mom’s stock broker made her a millionaire and now he is my broker, so him (his team)

+11 @SailorTodd My winnings would initially go into a large bank with a private banking arm - likely Bank of America for me. I would see what wealth management services they offer, and the associated fees. I would then go down the street to JP Morgan and see what they offer, and compare fees and my gut feeling about the teams from each. If I resonate with one, and the price is right, I will choose them. If I'm not impressed with either, I'll set up meetings with Morgan Stanley and smaller wealth management firms in my region to see what works. I'd prefer to go with a big international firm because of its size and scope. I also don't want to stand out as one of the firm's biggest clients. I'm also going to opt for comprehensive wealth management from one team rather than a limited scope financial advisor. I want a one stop shop for investment strategy, taxes, estate planning and other matters all under one roof so the whole team shares a common understanding of my needs and the strategic vision I have for my fortune. Depending on what you mean when you say financial advisor, they won't necessarily do more than the first thing on that list.