Professional Athletes

Professional Athletes

"Within 5 years of retirement, 60% of NBA players are broke"

In a recent Sports Illustrated article, Pablo S. Torre describes the tragedy that comes to the majority of retired professional athletes:

"Athletes from the nation's three biggest and most profitable leagues - the NBA, NFL, and Major League Baseball - are suffering from a financial pandemic. Although salaries have risen steadily during the last three decades, reports from a host of sources (athletes, players' associations, agents and financial advisers) indicate that:

  • By the time they have been retired for two years, 78% of former NFL players have gone bankrupt or are under financial stress because of joblessness or divorce.
  • Within five years of retirement, an estimated 60% of former NBA players are broke."

At RAM Financial Group, we are determined to help our Professional Athletes not become a part of this alarming statistic.


Mark Reinking is a Registered Player Financial AdvisorMark Reinking, President of RAM Financial Group, is a Registered Player Financial Advisor of the NFL Players Association’s Registered Financial Advisor program, which is a group of Financial Advisors pre-selected by the NFLPA. The NFLPA’s Financial Advisors Program is the first of its kind in professional sports. It allows National Football League (NFL) players to have access to a diverse group of qualified and pre-selected Financial Advisors in accordance with the guidelines of the NFL Players Association.

RAM Financial Group understands that Professional Athletes are similar to corporate executives and entrepreneurs. They have unique skills in a competitive marketplace, earn a large amount of annual compensation, may be relocated to different cities, are involved in a variety of business transactions and have the opportunity to accumulate a significant amount of wealth.

The NFLPA established the Financial Advisors Program in order to help protect NFL players from fraud and unfair practices by financial advisors. Professional athletes are among the most financially fortunate members of society, and yet they are also among the most vulnerable. Young, financially inexperienced and recently wealthy, professional athletes can be magnets for scam artists. According to the NFLPA, from 1999 through 2002, 78 NFL players lost at least $42 million as a result of criminal fraud. To help avoid these pitfalls, the NFLPA created the NFLPA Financial Advisor’s Program.

However, unlike the corporate executive and entrepreneur, the professional athlete is faced with a variety of financial issues which include a short playing career (on average), an unstable market for the athlete’s services, and the desire to maintain the lifestyle to which the athlete has become accustomed during his or her peak playing years.

RAM Financial Group offers expertise in several areas, as we are not only thinking of helping you manage your money, investments, and financial decisions, but also managing your unique risks.

In developing and maintaining a well thought out wealth accumulation plan for Professional Athletes, we focus on a variety of personalized strategies. We have access to the broadest range of financial products from which to choose to help you accomplish your goals. RAM Financial Group’s objective is to remove financial distractions and enable you to concentrate on your professional career. We want you to be financially ‘bulletproof’ when your playing days are over – able to do whatever you wish with the rest of your life.

Brett Valdez, our Business Development Officer, is uniquely qualified to be the main Relationship Manager for our Professional Athlete clients. Brett played on the University of Texas 2005 National Championship team. Upon his graduation Brett was invited to multiple NFL tryouts, and was offered several football coaching opportunities. He decided to pursue his involvement with professional football differently. Brett saw the importance of good financial decisions for those of his teammates going on to the NFL, and other professional athletes. Brett’s goal for our professional athlete clients is to help secure their financial future, not only during their career, but for the many years after their professional sports career has ended.

Brett has endured the rigors of high level athletics, and been in the trenches elbow to elbow with many a player now in the NFL. He knows what they go through, and the unique physical and financial challenges they face. Brett knows how important it is for young Professional Athletes to be able to trust the people and the firm that handles their finances. That’s why Brett chose RAM Financial Group and it’s 34 years of experience, out of all of the financial firms that were recruiting him. In addition to their experience and track record, Brett was attracted to the feeling of family that RAM’s staff and clients share.
Just as Brett received the “Whatever It Takes Award” from UT Head Coach Mack Brown, Brett does whatever it takes to make sure our Professional Athletes’ experience with RAMFinancial Group exceeds their expectations.

Contact us today at (512) 327-6000 or toll free at (800) 472-9905 for a private, no-obligation consultation to discuss RAM Financial Group's Diversified Approach and Alternative Investment Strategies for Professional Athletes.