Athlete Advisory Services
At New Beginning Financial Group, our Certified Financial Planning and Wealth Management Professional FPWMP® specialize in financial services that encompass tax advisory and financial management, empowering athletes at all levels to become better stewards of their finances. Our in-house financial services are complemented by strategic partnerships with sports agencies, journalists, and legal experts, ensuring comprehensive support for protecting your brand. By addressing the unique needs of athletes, we provide tailored solutions prioritize long-term financial security and success. Let us guide you on your journey to financial empowerment.
1
Comprehensive Career-Life Planning:
Create customized financial plans that account for career lifespan, retirement age, and anticipated earnings. Provide projections of post-career income, including possible endorsement deals, media roles, or entrepreneurial ventures.
2
Retirement Planning with a Strong Emphasis on Early Retirement:
Given that many athletes retire early, focusing on non-traditional retirement strategies is key. Ensure they are maximizing contributions to retirement plans and utilizing long-term growth strategies, such as tax-deferred investments.
3
Monitoring and Adjusting Portfolios Regularly:
Provide quarterly or annual reviews of finances, investment and retirement portfolios, adjusting for market conditions, changes in career trajectory, or shifts in personal goals.
4
Business Ventures and Entrepreneurship Guidance:
Many athletes turn to entrepreneurship post-career. Educate them on business structures, tax benefits, and pitfalls of investing in or starting new ventures.
5
Charitable Planning and Philanthropy:
Work with athletes on philanthropic endeavors to enhance their legacy, while also using charitable contributions as tax-efficient strategies. Family foundations or donor-advised funds can also serve as legacy tools