Financial Planning for Professional Athletes
Drawing from our team’s extensive experience in collegiate and professional sports, we have firsthand knowledge and experience of the complexities surrounding professional athletes and the need for a strategic plan focused on long-term wealth building. At Beacon Pointe, our allWEALTH® approach understands that success requires a nuanced understanding of the athlete’s total wealth—embracing their story, brand, abilities, and the full spectrum of opportunities that arise from their unique position. We can construct portfolios that we believe will allow you to accumulate wealth with appropriate risk tolerance at a much earlier stage in life than most. Our advisors specialize in unlocking the full potential of earnings, ensuring our professional athlete clientele can focus on making informed decisions regarding endorsements, sponsorships, and other revenue streams while maintaining financial stability and peace of mind.
I think athletes know what it takes to win in business because they’ve experienced what it takes to lose. It is easy to walk away and quit when you don’t get a deal, but athletes know you have to get back to work the next day.
Why Work with a Financial Advisor? A Case Study – You’ve just secured a $1 million signing bonus or endorsement deal, congratulations! It’s tempting to splurge and enjoy the thrill of big spending (Figure 1). However, taking advantage of crucial wealth-building years and thoughtfully allocating your money (Figure 2) can have the power to transform your life. What if you could supercharge your future by allocating portions of your earnings for top life priorities and building towards future financial security? We coach our clients on creating strategic long-term plans aimed at building wealth so that they can focus on winning the big games.
Example for Illustrative Purposes Only
Sports Illustrated reported that 78% of NFL players and 60% of NBA players face serious financial hardships a few years out of retirement while the National College Players Association stated around 86% of college athletes live below the federal poverty line. That’s why our advisors are here to guide both NIL collegiate and professional athletes through financial planning, investment selection, endorsement deals, and tax strategy, ensuring their financial life remains protected, organized, and accessible through a dedicated personal financial hub. Our competitive spirit drives us to win alongside our clients, and we are here to protect and help our clients through all types of Major Life Transitions, such as:
- Protecting Family
- Marriage
- Education Planning
- Inheritance
- Buying a Home
- Starting a Family or Birth of a Child
Recent News & Articles
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Beacon Pointe Advisors (“Beacon Pointe”) unveils its latest acquisitions of Bridge Advisory with offices in Pasadena, CA, and Newport Beach, CA, and Charleston Investment Advisors in Mt. Pleasant, SC.
It is a humble honor to be recognized by Barron’s for over half a decade as a top wealth advisory firm in the nation.
