Athletic achievement fueling financial independence

Mirroring their exceptional lives, professional athletes and coaches face exceptional financial issues. Managing these considerations well can help you use your achievements to pursue long-lasting financial well-being independent of your career, giving you balance now and preparing you for your next steps.

At Cohen & Son Wealth Management of Raymond James, we’re proud to count a variety of athletes and coaches as clients. We understand that their wealth situation is highly unusual, requiring a different way of looking at earnings, future earnings and risk.

Compared to typical high-earners, professional athletes often receive irregular income, and new earnings can come in sudden lump sums, creating expensive tax liabilities. There are also lifestyle issues to consider. In the culture of professional sports, there is a lot of pressure to spend – and give – freely. We can help you understand your wealth and assets in a way that helps you create the lifestyle you desire while avoiding the pitfalls that snag so many others.

But mostly, we help our professional sports clients be confident that their financial situation is well looked after, so they can keep their heads in the game.