When most people think of financial advisors who work with professional athletes, they probably imagine a glamorous lifestyle of spending time with their favorite players, getting a behind-the-scenes look into professional sports, and free tickets to games.
But what is it really like being a financial advisor for athletes?
In this episode, Referral Coach Bill Cates sits down with Walter Stith, former NFL offensive lineman turned financial advisor for Morgan Stanley, ranked by Forbes as one of America’s Next Gen Advisors. Walter discusses the lessons he learned while playing professional football, and the importance of protecting your finances from blindside hits.
- Pros & cons of working with professional athletes
- Why it’s important for athletes to think about life after professional sports
- The importance of having a good advisor or agent that specializes in work with pro athletes
- What name, image, and likeness (NIL) deals look like in college sports