Financial planning for professional athletes

Who we help

FINANCIAL PLANNING FOR AMATEUR ATHLETES
FINANCIAL PLANNING FOR PROFESSIONAL ATHLETES
FINANCIAL PLANNING FOR OVERSEAS ATHLETES

How we help

Financial Planning for Athletes
Legal Services for Athletes
Tax Planning for Athletes
Cash Flow & Budgeting for Athletes
Debt and Finance for Athletes
Investments for Athletes
Superannuation for Athletes
Retirement Planning for Athletes
Estate Planning for Athletes
Setup Athlete Image Entities
Planning for Overseas Athletes
Risk and Insurance for Athletes
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Why Choose Whole Wealth

We help you to articulate what you value in life and your goals that require money and planning. Once we understand your values and goals, we are able to create the financial strategies to achieve them.

Athletes are different in their mind set as they tend to have laser sharp focus. This focus can be a strength and the source of their success but it can also leave gaps of knowledge outside of sports, especially when it comes to finance. Whole Wealth can fill those gaps so you can focus on and enjoy what you do best without having to sacrifice everything else in the process. 

Athlete are different in their personal and financial circumstances. Understanding the rules of the game is essential for being able to be the best. So we are experts in income averaging, athlete specific tax deductions, image rights, income splitting, family trusts, investing, insurance, debt, superannuation, estate planning, and all things money. If you or your management team don't understand any of this you should contact us for a free workshop.

Whole Wealth understands the 4F's (family, friends, fame, and fortune) and their potential to magnify your wealth and their potential to destroy it. With the right guidance your fame can be used to gain opportunities like sponsorships, media positions, and relationships with power brokers. With the right advice your fortune can be structured to create even more wealth, which can be shared with your friends and family.

 

Surrounding yourself with the right friends and family who have your best interests at heart will create balance and a positive effect on your mental well being. However surround yourself with the wrong friends and family and let the fame get to your head can be very destructive. Drugs, alcoholism, gambling, and toxic relationships can create scandal and destroy both wealth, reputation, and future opportunities in the media or elsewhere. Extravagant spending and poor planning can mean living like a king for a few years and a peasant for the rest. Making smart decisions early on in your career will mean living like a prince for the rest of your life.

Life of a professional athlete can be an amazing part of the journey. At some point you will have to step down from the glory sport but a bit of planning can make that journey into your next chapter of life a lot easier and enjoyable.

When should an athlete seek financial advice?

Starting your Career
Starting your Studies
Considering Divorce
Getting Promoted
Start a Business
Thinking to Invest
Starting a Family
Stop Playing (Injury)
Consider Retirement
Move in with Partner
Playing Overseas
Stop Playing (Cut)
Purchase a Property
Getting Married
Purchasing a Car
Helping Out Family

October 5, 2018

WASHINGTON — From the very first time a professional athlete sets foot on a court, field, or diamond, they need to start considering their life after sports. They also need to be thinking about whether they can afford their retirement — from day one — just like the rest of us should.

Hold on, you’re probably thinking! Professional athletes can make millions of dollars over the course of their career. The last thing they have to...

September 2, 2018

The prestigious Women’s Health Women in Sport Awards recognise and celebrate Australia’s female athletes – from grassroots through to elite professional level – and their achievements over the past 12 months. This year we are honouring some truly outstanding sportswomen who have performed outstandingly within their respective sports.

Award: Local sporting champion

Criteria: We salute the grassroots' greatest – this woman compete...

July 30, 2018

A summer of sport is well and truly upon us. From the Luzhniki Stadium in Moscow to Wimbledon’s Centre Court, the next few months will see the world’s greatest athletes push themselves to their limits for pride and glory.

The sporting events taking place are varied not just in discipline but also in format. Some, like the FIFA World Cup or the Women’s Hockey World Cup are national team events taking place every four years while...

July 25, 2018

BE Modern Man is an integrative program that honors the essence, image, and accomplishments of today’s man of color. With features of today’s leaders, executives, creatives, students, politicians, entrepreneurs, professionals, and agents of change—these men share the common thread of creating a new normal while setting the bar in tech, art, philanthropy, business, and beyond. The BE Modern Man is making a positive impact, his...

July 25, 2018

Given that self-managed superannuation funds (SMSFs) enjoy substantial tax concessions, it comes as no surprise that the Australian Taxation Office wants to ensure trustees play by the rules and don't take advantage of the system.

Hence the existence of independent SMSF auditors, whose role is to check compliance and maintain the integrity of the SMSF sector through yearly audits.

From July 1, 2019, this will change for eligible...

July 24, 2018

Adviser offers goals and guidelines for a financial playbook

Justin McCarthy knows that when it comes to saving, investing, and planning for life ahead, there’s no off-season.

McCarthy, a New York-based managing partner and Certified Financial Planner with Mariner Wealth Advisors, works with more than 100 current and retired professional athletes. And each of his clients receives an education about having attainable, manageable ...

Just one month ago, Australia's Commonwealth Games athletes were being lauded as heroes, but now most have returned to relative anonymity and some have found it difficult to re-adjust.

Gold Coast distance swimmer Kiah Melverton won a bronze medal in the women's 800 metres freestyle behind teammate and rising superstar Ariarne Titmus.

Melverton said her Games experience had been incredible.

"You come out of the Village e...

July 19, 2018

Phil Waugh is an ambassador of the R U OK campaign, which seeks to encourage all Australians to meaningfully connect with people around them and support anyone struggling with life. He talks about the power of conversations to change lives for the better.

He was as tough as nails on the rugby pitch, playing at the elite level for the NSW Waratahs and Wallabies for over a decade. But beneath the hardened exterior of perhaps one...

July 3, 2018

Performance anxiety in sports is far more common than most people think. It affects both the inexperienced and professional athletes and generally occurs when an individual feels overwhelming pressure to nail a certain task.

Commonly known as nervousness, it almost always occurs in the face of competition, leaving sufferers feeling a strong sense of apprehension leading up to and during the match.

It can lead to debilitating anx...

June 28, 2018

A Perth lawn bowls club that faced closure due to an ageing membership and rising costs has become a thriving community social hub, thanks in part to the conversion of some of its greens to rollerskating rinks.

Mark Cameron, the vice-president of Bayswater Bowling Club, told ABC Radio Perth Focus that closing down was a real possibility seven years ago.

"If it wasn't for the major uproar from the community in Bayswater in b...

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GM Rasmussen Pty Ltd ATF Whole Wealth is a Corporate Authorised Representative of Independent Financial Advisers Australia, AFSL 464629 ©2016 WHOLE WEALTH

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