Choosing your Advisor

Choosing your Advisor

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

Valuable Tips for Professional Athletes Evaluating Financial Advisors


  • Ask questions about financial topics or investment strategies you do not understand. You are the client. You have the power to invest with whomever you choose. Do not make decisions you are uncomfortable with and demand your questions be answered in terms that you understand.
  • Be skeptical. As you know as a player, with high rewards comes high risk. Your competitive nature as an athlete may sometimes lead you to take more risks. Think carefully about your investment decisions. You have a limited earning period, as a typical NFL career is less than 3 years. Therefore, make decisions that can serve you for a lifetime.
  • Confirm that your advisor has your best interest in mind. Advisors are required by law to comply with your interests. Fully communicate your thoughts, goals and plans with your advisor. Ask your advisor how they are compensated for investing your assets. The investment should always be in your best interest and should never be clouded by the advisor’s compensation.