The unique and complex financial circumstances of top athletes and others in the world of sports is the focus of a new partnership announced by Perigon Wealth Management.
By entering a partnership with Premier Sports Network as its official wealth management partner throughout North America, Perigon will provide advice for a client base of individuals involved in professional sports, including athletes, agents, and business advisors.
“With this partnership, Perigon not only has a platform to showcase our commitment to providing clear, customized and actionable wealth management advice but to make a positive impact in the lives of more athletes,” said Marc Specht, partner and wealth advisor at Perigon.
The San Francico-based firm merged with RLP Wealth Advisors in 2020, creating a (at the time) $1.8 billion firm with offices in California, Florida, Hawaii, Montana, New Jersey and New York.
While Perigon already has expertise in sports and entertainment, the partnership will enable the firm to establish a dedicated sports and entertainment division with advisors and other wealth professionals who will advise PSN members on their financial affairs, deliver financial literacy courses, and help them plan for their retirement, a milestone that frequently comes way before senior years.
“Due to the unique, and often short-term nature of athletic careers, professional athletes require unbiased advice that can help them navigate their longer-term needs well after their highest earning years are over,” said Spencer Hidge, founder of PSN. “This partnership will deliver best-in-class wealth management services from professionals with extensive experience in the space and is born out of a shared interest to help athletes avoid common potential pitfalls and set them up for post-retirement success.”
PSN works with several partners across the world to provide professional services for their members on a sector exclusive basis. In North America this includes Withum for accountancy and tax, CTM Sport for travel management, and RI for corporate relocation.
Nine-month electronic trading freeze and share lending program at the center of dismissed claim.
Meanwhile, Rossby Financial's leadership buildout rolls on with a new COO appointment as Balefire Wealth welcomes a distinguished retirement specialist to its national network.
With a smaller group of companies driving stock market performance, advisors must work more intentionally to manage concentration risks within client portfolios.
Professional athletes are often targets of scam artists and are particularly vulnerable to fraud.
The brokerage giant tells Wall Street it will use artificial intelligence to reach clients it has never been able to serve — and turn the technology's perceived threat into a competitive edge.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
