Entertainment Industry Professionals

Professionals in the sports and entertainment industries often face particular wealth management challenges in that their incomes can be irregular — or even unpredictable. We provide peace-of-mind to ensure that you can sustain your lifestyle throughout your career and into retirement.

While client confidentiality is always top of mind, we know that for many individuals already “in the spotlight” this rings even truer. Our team’s approach to client service promises to always be flexible and discreet. Along with offering an elite level of service, we work with each of our clients to create a wealth management plan that is custom-tailored to their specific needs. This plan will focus on your current goals and will evolve seamlessly throughout your career and into retirement.

Planning for Retirement

We will create a plan for your retirement that will sustain the lifestyle you’ve grown accustomed to without the need to work for additional income. Retirement is an important milestone in your life that requires careful planning and prudent wealth management to achieve your long-term lifestyle goals. From the onset of our relationship, we’ll advise you on the possibilities and present all options that will be key to the success of your transition into retirement.

Planning for Dual Residency

In many cases your work will lead to establishing a home away from home. If you are an athlete, perhaps you’ve been traded to another sports franchise. Perhaps you are an actor or musician who has decided to obtain U.S. tax status, or to work more closely to a set location or to industry peers. Or maybe you simply prefer to live abroad for a period of time in your life. Regardless of your residency or tax status, you can enjoy peace-of-mind knowing that your affairs will be well managed by our team. Our wealth planning services can easily be tied to your day-to-day financial needs and we will work closely with your other trusted advisors to keep your house in order.

Covering Your Risks

Everything is fine until it’s not. While it may seem obvious, many people fail to proactively plan for unexpected events. Rather, they react to negative situations, an approach that can produce suboptimal results.

If something unfortunate were to happen to you, smart insurance strategies will provide your family with much-needed financial security. In the event of your untimely death, for example, a properly structured life insurance strategy can replace your family’s income, protect their assets, and cover any tax liabilities and debt obligations. Similarly, short and long-term disability insurance and critical illness insurance will ensure your ability to sustain your lifestyle without impeding on your net worth if your career is unexpectedly interrupted or shortened. A comprehensive insurance plan that incorporates adequate income protection should be an important element of your overall wealth management strategy.

Leaving a Legacy

You may also wish to leave a legacy to your loved ones in the form of a gift or inheritance or to pay tribute to the people and organizations that helped shaped your life. This goal can be easily accomplished with unique products and careful planning. Trusts, wills, secondary wills, including a gift in your will, and life insurance policies are all excellent tools to achieve your desired outcome. Creating a solid wealth transfer plan that reflects your personal wishes can play a crucial role in the future of generations to come.

Promoting Wealth Literacy

When it comes to passing on wealth to your children, there’s much more to it than just the financial aspect. Don’t educate your children to be rich. Educate them to be happy so that when they grow up, they’ll know the true value of things, not only the price.

Money can be a difficult topic to discuss with your children. As part of our service commitment to you, we offer our guidance and expertise to help bridge the educational gap. Family meetings, one-on-one focused sessions, and group educational seminar days are a few ways that we’re here to help.

Client Service Offering

Families with $1 million or more in assets under management receive:

Service cost of 1% per year of assets under management.
Customized Financial Plan
Tax-efficient investments
Personal risk analysis (Estate Planning)
Semi-annual updates in person
Integrated investment management in line with our Wealth Investment Philosophy
Currency exchange at discounted rates
Industry-leading investment choices, including new issues, private placements, accredited investor funds and alternative investments such as mortgage pools, apartment buildings and student housing investments just to name a few.
Annual tax reporting package sent directly to your tax advisor
Executor education and handbook
Estate management
Educational seminars
Referral services to respected advisors such as tax accountants, legal advisors, real estate professionals, private equity specialists and private banking services.

Families with $10 million or more in assets under management additionally receive:

Quarterly updates in person
Monthly reporting on transactions and realized gain/loss reports to your tax advisor
24hr access to the team
Income coordination for family members
Coordination of your tax installments and registered plan contributions
Insurance renewals annually
Coordination of annual minimum distribution for family foundations