Financial Planning
The career span of a professional athlete is limited compared to that of individuals in careers outside of sports. After working so hard to earn your money, it’s important to ensure that your money is working for you during and after your career. ARM can assist you in the process of selecting from a wide array of financial products and NFLPA certified financial advisors who will customize a financial plan tailored to your specific situation and personal preferences. The NFLPA certified financial advisor’s plan will include the following facets:
- Financial Literacy: Education is a top priority. You should be able to understand your financial strategy and portfolio.
- Budget: Give each dollar of income a direction or else each dollar will choose its own direction. A written budget is required to maximize the efficiency of your income.
- Banking Relationship: A strong banking relationship is important when dealing with asset management, liquidity management, bill payment, mortgage loans, and auto loans. Your financial advisor will help you establish a new banking relationship or strengthen a relationship you may already have with a bank.
- Credit Issues: It is important to sort through all credit issues to ensure that you maintain a high credit score.
- Investment Management: Preservation of wealth is key. Your financial advisor will develop a diversified investment strategy that appropriately aligns with your preferred level of risk.