diff --git a/src/main.cpp b/src/main.cpp
index f97825496..02d4bfa8a 100644
--- a/src/main.cpp
+++ b/src/main.cpp
@@ -1802,11 +1802,6 @@ bool static WriteChainState(CValidationState &state) {
 void static UpdateTip(CBlockIndex *pindexNew) {
     chainActive.SetTip(pindexNew);
 
-    // Update best block in wallet (so we can detect restored wallets)
-    bool fIsInitialDownload = IsInitialBlockDownload();
-    if ((chainActive.Height() % 20160) == 0 || (!fIsInitialDownload && (chainActive.Height() % 144) == 0))
-        g_signals.SetBestChain(chainActive.GetLocator());
-
     // New best block
     nTimeBestReceived = GetTime();
     mempool.AddTransactionsUpdated(1);
@@ -1819,7 +1814,7 @@ void static UpdateTip(CBlockIndex *pindexNew) {
     cvBlockChange.notify_all();
 
     // Check the version of the last 100 blocks to see if we need to upgrade:
-    if (!fIsInitialDownload)
+    if (!IsInitialBlockDownload())
     {
         int nUpgraded = 0;
         const CBlockIndex* pindex = chainActive.Tip();
@@ -1936,6 +1931,11 @@ bool static ConnectTip(CValidationState &state, CBlockIndex *pindexNew, CBlock *
     BOOST_FOREACH(const CTransaction &tx, pblock->vtx) {
         SyncWithWallets(tx, pblock);
     }
+    // Update best block in wallet (so we can detect restored wallets)
+    // Emit this signal after the SyncWithWallets signals as the wallet relies on that everything up to this point has been synced
+    if ((chainActive.Height() % 20160) == 0 || ((chainActive.Height() % 144) == 0 && !IsInitialBlockDownload()))
+        g_signals.SetBestChain(chainActive.GetLocator());
+
     int64_t nTime6 = GetTimeMicros(); nTimePostConnect += nTime6 - nTime5; nTimeTotal += nTime6 - nTime1;
     LogPrint("bench", "  - Connect postprocess: %.2fms [%.2fs]\n", (nTime6 - nTime5) * 0.001, nTimePostConnect * 0.000001);
     LogPrint("bench", "- Connect block: %.2fms [%.2fs]\n", (nTime6 - nTime1) * 0.001, nTimeTotal * 0.000001);