Professional Athletes

Holistic Wealth Management for Professional Athletes

Our mission is to understand your needs, wants, and desires – as well as your values, your boundaries, and your ability to withstand or tolerate risk – to help you reach your investment, wellness, and lifestyle goals based on who you are as a person.

Holistic Wealth Management for Professional Athletes

  • Athletes likely earn 70% to 90% of their lifetime earnings before age 35
  • MLB players file bankruptcy 4 times more often than the national average
  • Professional athletes are required to pay income taxes in every state they compete in
  • The divorce rate among professional athletes is approximately between 60% to 80%

Compressed Earnings Potential of Professional Athletes

According to a segment on CNBC, professional athletes have a greater-than-average risk of outliving their savings since their retirement may need to last over 50 years. This is largely due to the highly compressed earnings potential of professional athletes who, on average and across all professional sports, have something less than 5 years to maximize their earnings.

  • The average NFL career is just 3 ½ to 6 years
  • The average NBA career is something less than 5 years
  • The average MLB career is less than 5 years
  • The average NHL career is less than 6 years

Playing the Savings Game Right

Although you should be planning for the endgame, putting the right steps in place is key. Many pro athletes have made the mistake of not being prudent in their spending or saving, which creates a downhill snowball effect that, before you know it, can ruin your life. Shifting your mindset, making the right investments, and diversifying your savings can make a significant difference in how things turn out in your financial future.

Executive Wealth Group

When you’re putting together a viable financial plan for the future, Executive Wealth Group is here to assist. As a FINRA Registered Investment Advisory (RIA) firm, we are an independent entity. With our help, you won’t experience those issues you may encounter with a larger broker dealer firm, while receiving the same benefits.

Our job is to make sure you have the resources you need for a prosperous financial future, without being hassled about purchasing in-house products.

Executive Health Group

Our holistic business model is unique, in that we offer a boutique VIP concierge organization through our Executive Health Group. We assist you in getting preventative and necessary treatment for medical issues that may occur while you’re on the road. Executive Health Group provides benefits and services that work with your health plan to provide the care you need, at your service.

 

Learn whether Holistic Lifestyle Support is right for you.