Professional Sports People
A professional sports persons career is short and lucrative, but can be cut short through injury. Financial planning is a very important part of securing a future beyond your sports career. IFG Financial Services is the sports persons' financial planning coach.
Understanding your needs
As a professional sports person, you are passionately committed to the sport that you love. At IFG Financial Services, we are equally committed to providing the specialist, personally tailored financial advice you need. We know that your career path will be different from people in other walks of life. We understand, for example, that all your time is devoted to achieving your sporting goals - so you will have limited time for paying close attention to financial issues.
We understand that as a professional sports person, your career is short and may indeed be cut even shorter through injury. And we understand that you will earn a lot of money in a relatively short time, and that when your career finishes you will need to plan for the next 30-40 years when income could be lower.
There is no doubt that financial planning will play a vital part in securing your future beyond your sports career.
IFG - your dedicated financial planning coach
To achieve excellence in your sport you work with coaches, who will help, guide and spur you on to your goal of becoming the best.
We can be your financial planning coach.
IFG Financial Services is one of the UK's leading Independent Financial Advisers and has a dedicated Sports and Entertainment division. The division's specialist advisers have over 50 years experience between them in assessing the needs of sports people like yourself and providing them with unbiased financial advice tailored to their individual situation.
Being truly independent, we act specifically in the interests of you as our client and can advise on the widest possible range of financial products and services, accessing products from the whole of the financial services marketplace.
How we work with you
Our first objective will be to work with you to develop a complete, all-round understanding of your current wealth structure, any constraints on investing, your unique personal goals, and the needs of your family.
Once we have the full picture, we will put forward individually tailored proposals designed to deliver the following benefits to you and your family...
- A tax efficient wealth strategy to simplify your life
- Access to sophisticated strategies and solutions
- The personal and private touch of a "family office" model
- A relationship of mutual trust that grows over the long term and, last but not least...
- The IFG commitment to independent, unbiased advice at all times
At all times we will be happy to work with your other professional advisers - your accountant, your solicitor and your agent - with one objective in mind...your financial security once your career has finished.
IFG services for Professional Sports People
Financial Wealth Management
As a professional sports person you will be earning a lot of money - but over a significantly shorter period of time than in other professions. Income 'peaking' this early needs to be professionally managed to make sure your wealth is still working hard for you in years to come, when you really need it.
We can help you explore and implement a strategy to create a diverse spread of tax efficient investments to optimise your future financial prosperity.
The age at which people in the UK can take benefits from a pension scheme has risen to 55. This applies to everyone - including sports people. If you started your pension before April 2006, you may have a retirement age of 35. If so, this needs protecting. If not, we can help you set up a realistic retirement plan and make sure that it is managed alongside other investments to ensure you have funds available to you when you retire from your chosen sport.
We can advise on how to structure your estate to minimise any taxes that may be due, and to make sure that the family wealth can be passed down through the generations.
Hopefully, your career will proceed without a serious injury. Obviously, though, you need to take steps to cover yourself in the event of an accident that ends or limits your career.
We can provide insurance cover that will pay you a lump sum in such an event, giving you peace of mind and providing you and your family with much needed financial assistance at a difficult time.
Additional financial protection can also be provided for you and your family in the event of death or serious illness.
Life assurance, critical illness cover and private medical insurance are all ways to maintain your family's standard of living when you are no longer able to.
"At Retirement" Planning
As your sporting career comes to an end, you will need to assess your future financial situation and map out the next phase of your career. After all, financial planning does not stop when your sporting career does - and the decisions you need to make can be complex.
We will look to protect any early retirement age you may have and ensure your retirement is as flexible as possible - including protecting funds for future generations.
The golden rule is: Do not retire without getting professional independent advice. If you make a mistake at this stage, it may not be reversible. You and your family may have to live with it for the rest of your lives. So do talk to us first. We have vast experience in guiding sports professionals through this vital stage of their career.