Knowing the Score
Wealth Planning for Professional Athletes
June 20, 2011
“It’s tough to make predictions,” Yogi Berra (allegedly) asserted, “especially about the future.” Planning is difficult to get right, which makes a systematic, quantitative approach to wealth building all the more important. That applies with special force to professional athletes, who often come into significant wealth quickly but whose future compensation is decidedly uncertain. The more an athlete hones his financial objectives and the more he understands the behavior—and the vicissitudes—of the capital markets, the better able he will be to take advantage of each contract throughout his professional career.
A Team of Advisors Tailored to Athletes
