Making the most of what you have
Professional sports careers are inherently finite, necessitating a transition to a second career. A common challenge is that high-performing athletes, particularly in their early, lucrative stages, often overlook retirement planning. Potentially leaving the sport in one’s mid-30s—a relatively young age—requires a long-term plan to maintain one’s lifestyle and support family. Unlike the quick results sought in competition, cultivating financial stability requires patience and long-term planning. This post explores what to avoid and our approach to establishing a successful financial future.
All the services that exist within the Personal Advice sections above are relevant to athletes and professional sports people, but need to reflect the way their career progression presents different risks and concerns, but also allows significant opportunities for them.
A Different Approach
JB Wealth has a dedicated team looking after the financial wellbeing of sports people. We recognize the different time constraints that sports people experience and that pre-planned meetings in offices are not always the easiest for them to attend.
We therefore back up the regulated financial advice process with the services from a financial intermediary whose experience in this area ensures the regular contact that they need in a more informal atmosphere.