Who Is Qualified To Be An Athlete’s Financial Advisor

Who Is Qualified To Be An Athlete’s Financial Advisor

Former Catcher For Red Sox Wins Case Against Merrill Lynch Adviser Five-time MLB all-star sues UBS, ex-rep for $7.6M NFL players hit Wells Fargo, Morgan Stanley with $1.8M arbitration claims: The problem you face as a professional athlete is not the lack of people...
Before You Take Advice Do Your Homework

Before You Take Advice Do Your Homework

The two fatal mistakes athletes make are hiring the wrong advisors and trusting them far too much. Earlier this week 60 Minutes aired “Thrown for a Loss”  which shared the sad story of how several of the NFL’s biggest stars lost a total of $43 million in a risky...

What Qualifies Someone As a Financial Expert?

The problem you face as a professional athlete is not the lack of people willing to extend a helping hand but the number of unqualified advisors soliciting your business. Thanks to the widespread flow of information on the internet it seems that everyone is now a...
Building Your Team of Experts

Building Your Team of Experts

Why do we play the game? The simple answer: to win. If MLB teams did not care about the outcome of the game, they would choose players based on who they liked, who they were friends with, and who they were related to. We all know this would never happen and is why...
Professional Athletes & Money: It’s A Different Ball Game

Professional Athletes & Money: It’s A Different Ball Game

You have heard it said before, you are different than the average individual when it comes to wealth but exactly how? There is the obvious financial difference that your salary as an athlete is far greater than the average individual but that is only the beginning. As...

Certified Equals Qualified

Nice suits and grey hair are not the prerequisite for a qualified expert. Contrary to conventional wisdom, the biggest risk that you face isn’t the volatility of the stock market, it’s bad financial advice from unqualified advisors. One of the most common...