Helping athletes and entertainers manage substantial earnings
Athletes and entertainers have unique financial situations. While most people earn a salary over a career that spans 30 or 40 years, a professional athletic career may only last a few years. Entertainers can also have highly variable incomes, subject to influences such as changing cultural tastes, TV ratings and movie box office results.
So you can see why special care must be given to help ensure that your earnings are well invested during lucrative times so that your wealth will be available later in life when needed.
The challenge is, receiving such a sudden influx of wealth at a relatively young age can be a temptation to spend it recklessly without regard for the future. You need to hire a trusted financial advisor who has the strength and discipline to tell you no. It’s probably not something others around you will be willing to say when the money is flowing.
We can serve as that voice of reason you need, and map out a plan designed to provide income throughout your life and pursue your goals such as providing for your family. In addition to financial planning, we can help you with other important matters such as budgeting, bill paying, tax strategies and risk management. We can also help evaluate business and promotional opportunities presented to you and manage the income you receive from endorsements or appearances.
- Wealth and investment management
- Private banking and lending solutions
- Cash management
- Estate and charitable planning
- Wealth transfer and legacy planning
- Succession planning
- Tax strategies
- Trust services
- Risk management
- Insurance and annuities
Trust services available through Raymond James Trust, and Insurance and annuities available through Raymond James Insurance Group. Raymond James & Associates, Inc. is affiliated with Raymond James Trust, and Raymond James Insurance Group.