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.
Eliseo Prisno, a former Merrill advisor, allegedly collected unapproved fees from Filipino clients by secretly accessing their accounts at two separate brokerages.
The Harford, Connecticut-based RIA is expanding into a new market in the mid-Atlantic region while crossing another billion-dollar milestone.
The Wall Street giant's global wealth head says affluent clients are shifting away from America amid growing fallout from President Donald Trump's hardline politics.
Chief economists, advisors, and chief investment officers share their reactions to the June US employment report.
"This shouldn’t be hard to ban, but neither party will do it. So offensive to the people they serve," RIA titan Peter Mallouk said in a post that referenced Nancy Pelosi's reported stock gains.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
