Four titans in their respective fields have joined together to lead a new investment platform focused on athlete investors.
The Legacy Fund unites Wall Street veteran and hedge fund pioneer James "Amo" Amorosi, NBA Hall of Famer Dominique Wilkins, original Shark Tank judge Kevin Harrington, and legendary sports and entertainment agent Darren Prince.
"The mission of The Legacy Fund is to create the ultimate financial platform to increase wealth, financial literacy and create financial legacies for our clients while giving back to our communities," said CEO and managing partner James Amorosi.
The four partners aim to empower clients and athletes to invest in dynamic, early-stage companies in finance, tech, healthcare and wellness, consumer goods, hospitality, real estate, insurance, and AI. Investors will have the opportunity to be more than simply passive investors.
"Our athlete investors will have the opportunity for advisory board seats and executive positions within the companies in our portfolio, making the transition from sport to the boardroom, a smooth and rewarding endeavor," said Wilkins, who is spearheading the fund’s athlete division.
The Legacy Fund has a mission to increase wealth, educate on financial literacy and to create legacies, and it also wants to ensure greater opportunities for those who may not typically have a chance to pitch businesses directly to Harrington.
"It's an honor to have partners who are extremely passionate and have very successful track records. I'm looking forward to this venture and holding "Pitching A Shark" events,” said Harrington.
The partners have a shared history spanning many years.
"Amo has been a dear friend for close to 30 years, Dominique has been a longtime client of 25 years, and Kevin has been a friend and business associate for 15 years, his resume speaks for itself.” said Prince, who represents some of the most iconic athletes and celebrities in the world including Magic Johnson, Larry Bird, Hulk Hogan, Ric Flair, Chevy Chase, and Charlie Sheen, "I'm proud to be part of The Legacy Fund and excited for our strategic partnerships to be announced soon."
Merrill's latest hires span Colorado to Louisiana, even as industry-wide recruiting data suggests the firm is losing almost as many advisors as it gains.
The $36 million buy allegedly hid inflated books and a $50 million diversion.
“An award citing emotional distress is very unusual,” an industry executive said.
New EBRI research found workers who participated in employer financial education reported higher confidence, literacy and financial satisfaction.
Beyond operational excellence, the winning advisors of the future are the ones who can reach across multiple disciplines without discarding specialist skills.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
