Though many people believe that athletes are capable of playing well into their thirties and forties, the career span of a professional athlete is extremely short and wealth management for professional athletes isn’t always easily accessible. The average career lengths for the top professional sporting organizations in the United States are as follows:
After retirement, professional athletes must decide if they can live off their accumulated wealth or seek out a new career. Unfortunately, not all professional athletes are equipped with the financial knowledge necessary to manage their wealth and are often in need of an investment advisor to ensure the safety of their athletic earnings.
Life after sports can be challenging for athletes. Skills learned on a football field or basketball court don’t always translate to other professions and many are in need of financial planning for professional athletes. Fortunately, we offer such services at Fortis Lux and an investment advisor from our company would be glad to speak with any athlete regarding the future of their finances.
A small percentage of athletes are able to transition into careers such as broadcasting, reporting, and acting without the help of financial planning for professional athletes. Other athletes must attempt to utilize degrees that they earned in college, but have never used in the workforce. Fortis Lux advisors help their clients plan for the possibility of a new career after retiring from professional sports. With our wealth management for professional athletes, we make sure every bit of income that our clients have earned gets managed properly and invested into the proper assets.