Sports and entertainment professionals

Being a professional at the top of your game means you also need advisors at the top of their game. Choosing an experienced team is crucial because your complex financial needs demand sophisticated solutions and an entire team of trusted advisors to execute them. Our team helps develop, implement and review your wealth management plan as we would our very own.

Securing your financial future

When it comes to finances, professional athletes tend to have one thing in common. At some point in their lives, they will have a rapid accumulation of wealth, and the potential need to rely on that wealth for the remainder of their life. Whether you just signed your first professional contract, or are in a later phase of your career, responsible management of your wealth is critical to your long-term happiness. With RBC Wealth Management, I’ve developed a process to help athletes safely manage their wealth through all phases of their life.

It starts with self-control

You’ve heard it a million times over— the key to making your wealth last is self-control. I believe that’s true. To begin my process, we work with you to determine a set amount of money for the lifestyle you want to live. At times, it may conflict with what you like, but that’s a process we work through. The end goal is to have enough to live a fantastic life long after you’ve retired from professional sports.

A penny saved is a penny earned

After your budget is established, and we’re working with a world-class financial institutions, it’s time to consider putting money away for the future. When thinking about how to invest your money, I first start with a clear understanding of where you are on your career path. There are four phases to your playing career:

1. Minor leagues
2. Major leagues — pre-arbitration
3. Major leagues — post-arbitration
4. Free agency

Longer term, we discuss goals after your playing career is finished and you begin the next phase of your life.