Professional Athletes, Entertainers & Agents

Professional Athletes, Entertainers & Agents

Statistically speaking, things don’t turn out particularly well when it comes to the financial well-being of professional athletes. In fact, studies show that 8 out of 10 athletes end in financial despair. Those are not the kind of statistics any athlete aspires to achieve. Unfortunately, the financial fate of entertainers isn’t much better. Don’t become a statistic!

Regardless of the economy, whether booming or in a recession, many professional athletes and entertainers have an unfortunate history of losing most, if not all of their money. Regardless of how much money they make, the results tend to be strikingly similar. Athletes and entertainers have an entirely different set of financial challenges than people in other careers and professions.

Due to short peak earning periods surrounding these professions, often times these professionals lack the time and knowledge necessary to truly understand, protect, grow, and monitor their resources and investments. Vincent Private Wealth caters to these professionals by providing individual, customized solutions.

Our vast experience not only encompasses private wealth management, tax minimization, a variety of lifelong and intergenerational income strategies, and comprehensive asset protection through Preventative Wealth Care®, but also includes a wide array of specialized financial products and insurances such as:

  • Loss of Earnings & Sports Disability
  • Event Cancellation or Non-appearance
  • Contract Guarantee
  • Draft Bonus Protection
  • Incentive Bonus Protection
  • Endorsement Protection

Your money is supposed to outlive your retirement let alone your career, thus creating life’s financial security. As an affluent person with public exposure, determining what is of substance and/or value can be challenging in and of itself. You’ve undoubtedly had influential and instrumental coaches throughout your professional career. Having an experienced and effective financial coach such as Vincent Private Wealth is equally important and we will help you navigate through the unique pitfalls you will encounter.

By making the proper, proactive, and well-informed choices, you can avoid being part of the statistics below:

  • According to a Sports Illustrated article, in just three months, professional athletes and team personnel pawned more than 400 title rings. That same article explains that “by the time they have been retired for two years, 78% of former NFL players have gone bankrupt or are under financial stress.”
  • You need and deserve understanding from financial professionals who know your industry. Vincent Private Wealth prides itself on understanding and providing solutions to your unique needs and challenges.

Click here to read an article by Dale Creed Francis about Pro Athletes Struggling with Retirement Plans.