Customized strategies for business owners and entrepreneurs
Professional Athletes
Professional athletes encounter many of the same financial challenges as the general population, including inadequate retirement savings and investment, the temptation to overspend, and the desire to support family and friends in need. However, they also face the distinctive challenge of earning a significant portion of their lifetime income within a relatively short period. This necessitates specialized tax planning and wealth management strategies to help ensure long-term financial stability.
At Perino Wealth Management, we understand the unique financial challenges and opportunities that come with a career in professional sports. Our team is dedicated to helping athletes like you work towards achieving long-term financial success and stability, both during and after your career. We assist our clients with investment and wealth management concerns by developing personalized strategies to address their complex needs.
Tailored Financial Strategies & Career Transition Planning
We provide customized financial plans tailored to your specific needs and goals. Whether you're looking to manage your earnings, invest in your future, or plan for life after sports, our comprehensive strategies are designed to help maximize your financial potential. Life after sports can be unpredictable, but with our career transition planning, you'll be well-prepared for the next chapter. Transitioning from being a pro athlete to a former pro athlete can be an extremely emotional stage. A solid financial plan can also act as a blueprint for transitioning to a second career, especially since most athletes will retire[1] by their early 30’s and face significantly reduced incomes. Developing and tracking a financial plan is essential for achieving the financial independence elite athletes desire after their sports careers end.
The average player is forced out of the game they love before they are ready. To help increase chances of success you must prepare from the beginning. Remember you don’t have to get ready, if you stay ready!
Average length of professional careers[2] for the four major sports:
NFL 3.3 years (27 years old)
NBA 5 years (28 years old)
MLB 5 years (29.5 years old)
NHL 6 years (28.2 years old)
Asset Management & Protection
Perino Wealth Management helps clients make more informed decisions around the growth and protection of their assets and estate through comprehensive financial planning. In addition, we provide our clients access to institutional-level wealth/portfolio management through cost-effective, actively managed diversified strategies, which are designed around your long-term financial goals. Confidence in your long-term financial independence is our top priority.
Tax Optimization
Navigating the complexities of tax planning can be daunting, especially with varying sources of income. We will coordinate with your tax professional to ensure that you're making the most of your earnings to help mitigate your tax liabilities.
Legacy Building
Beyond financial independence, we help you build a lasting legacy. Whether through philanthropy, family wealth planning, or community engagement, we'll assist you in making a meaningful impact that extends beyond your sports career.
Dedicated Support
With our dedicated support team, you have access to experienced financial professionals and the extensive resources of Raymond James whenever you need it. Our team is available to provide personalized guidance and answer any questions you may have, ensuring you feel confident in your financial decisions.
Changes in tax laws or regulations may occur at any time and could substantially impact your situation. While familiar with the tax provisions of the issues presented herein, Raymond James Financial Advisors are not qualified to render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.
The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Investing involves risk and investors may incur a profit or loss.
2 https://www.sportscasting.com/news/average-retirement-age-of-nfl-player/
