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Financial Planning for Professional Athletes

Becoming a professional athlete should be a dream come true; however, it can also become a financial stressor for the athlete and their families and friends.  While the newfound wealth can bring security, peace of mind and the freedom to spend as never before, the unintended consequence of never-ending financial requests from others often is surprising and overwhelming.

 

Professional athletes seeking to control this process need to create a solid, well thought-out financial plan.  Looking toward the athlete’s financial future is an area where a disciplined approach can be beneficial, surrounded by a trusted group of experienced advisors who act only in the athlete’s best interest. 

 

The professional team of Cottrill Arbutina Wealth Management Group and the public accounting firm Cottrill Arbutina & Associates has decades of experience advising high net worth individuals, entrepreneurs and philanthropists, providing repeatable, sustainable processes for their financial service needs. 


 Recommended Read: Top 10 Considerations for Athletes Pursuing Pro Careers


From paying bills, budgeting, investment management, financial advice, and planning, to vetting business deals, the Cottrill Arbutina team helps clients make informed financial decisions in the Pittsburgh area.  Our approach involves working with athletes who agree with our core principles of trust, honesty, and integrity.  Prior to working with a client, we will conduct a discovery meeting to learn more about the athlete’s goals and what is important in her or his life.  Items reviewed include but aren’t limited to family, charitable donations, future vocation after retirement from sports, estate planning, personal interest and what he or she would like to achieve with the wealth. After the discovery meeting, the team meets to develop a plan based on those goals.  Once the plan is in place, work will commence on the athlete’s behalf, and periodic meetings will be held to review and provide additional education as needed. 

 

We look forward to our initial discovery meeting.  Please call Professional Athletes niche leader Diane Gardner, CFP®, CDFA® for a confidential, free initial conversation, or click here to set up your meeting.


Tax services offered through Cotrill, Arbutina and Associates P.C. a separate entity from LPL Financial. LPL Financial does not provide tax advice.