Athletes and Wealth Management

7 Pages 1683 Words

iented with no regard to their personal financial goals. As a result, investment firms are making resilient efforts to educate investors and offer them extended financial services. These services are specifically designed through a financial plan, which caters to the individual investor.

As many of these investment firms adjust their services to attract the novice investor they continue to maintain and sharpen their position with high potential investors. Investment firms are also beginning to direct their efforts to another high potential market. Professional athletes. A professional athlete has a tremendous opportunity to earn a large income over the course of a career. Although the average career of a professional athlete is estimated to be 5 years, the wealth that accumulates in that span should be enough for the individual to live a secure, financially stable life. However, the past serves as proof that this is not always true. If athletes are making so much money, why are they continuously failing to remain financially secure? Are they careless or are they simply uneducated when it comes to financial planning? This is a question financial investment firms are really trying to answer. Why have financial investment...