Longtime Georgia Tech college baseball coach Danny Hall has joined BIP Wealth as its vice president of strategic growth, where he’ll help grow the $4 billion Atlanta-based RIA’s wealth management presence among athletes and coaches.
Hall retired this year from coaching after he spent the past 32 seasons at Georgia Tech, leading the program to seven ACC regular-season championships, five ACC Tournament titles, and three trips to the College World Series. Hall’s ties to BIP Wealth run deep, as he has been a personal client of the RIA’s baseball division since 2007, which is the year the firm was founded by former-Georgia Tech baseball players Bill Harris and Mark Buffington.
“[BIP Wealth] has done great by my family and I, and they're continuing to manage money for me, so I've seen firsthand what they're able to do,” Hall told InvestmentNews. “When you're a coach for as long as I was, you're trying to help players reach their goals as an athlete. Now it's a different goal, but it's a very valuable goal so that they make good financial decisions.”
BIP Wealth works with 125 collegiate and professional baseball players as part of the firm’s baseball division that manages about $300 million in client assets. College athletes have been able to monetize their name, image, and likeness (NIL) since the NCAA’s policy change in 2021, which has promoted financial giants such as Morgan Stanley to launch services dedicated to college athletes. RIAs such as Jackson Square Capital have also signed NIL marketing deals with college athletes.
“There's just more and more college athletes that need financial advice and tax advice because all that money gets taxed now,” said Hall. “I'm excited to use my contacts and try to develop some business for the firm.”
The baseball division at BIP Wealth consists of four advisors who are all former MLB players, including former Florida Marlins outfielder Jeremy Hermida. There are five members on BIP Wealth’s staff who were Georgia Tech baseball players coached by Hall.
“We aspire to be the premier provider for collegiate and professional baseball players,” said Bill Harris, CEO of BIP Wealth. “We want to be the premier financial wealth management service provider for those players. We feel like we're on a good path and looking forward to seeing what the next five years will hold.”
Hall retired with 1,452 wins as a head coach. Hall explained that recent NCAA changes to the transfer portal have made it more difficult for schools to build relationships with athletes given frequent transfers.
“We saw it start as name, image, and likeness, so the idea was great players in college could use their name, image, and likeness to strike deals and put money in their pocket. Then it quickly changed into pay-for-play, where guys were getting paid a lot of money to attend certain schools and play,” said Hall. “But more and more wealth is getting shared with the college baseball player, which I think is great.”
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