Athletes Trust This Financial Advisor. He Can Help You, Too.

Whether you’re a professional athlete or your career is on the sidelines, this financial advisor can help you enjoy life more with less money stress.

If you’re looking to hire a financial advisor who knows the challenges of those who earn their money on the field, look no further than Leyder “Aiden” Murillo, the founder of Wolfpack Wealth Management.

Since launching the firm in 2019, Aiden has provided his clients, including professional athletes, with the guidance they need to succeed with their finances in the game of life.

You’ll likely find dozens of nearby financial advisors well-suited to help you reach your money goals with a personalized plan. However, it may be more difficult to find a financial advisor who specializes in serving professional athletes.

Fortunately, many financial advisors offer virtual services so you can meet online no matter where you (or they) live. This means you can choose to hire a specialist financial advisor who lives hundreds of miles away if you decide their knowledge and experience working with athletes is a better fit to help with your unique financial planning needs.

Financial Planning for Professional Athletes

💡 In the Q&A below, you’ll gain insights from financial advisors who work with athletes to help them make smart decisions to enjoy life more today while preparing for a comfortable retirement in the future.

🙋‍♀️ Do you have questions not answered below? Use the form on this page to submit your questions, and we’ll update this article with answers from the financial professionals and educators in the Wealthtender community. You can also contact the financial advisors featured in this article directly to set up an introductory call or ask your questions by email.

💸 Smart Money Insights for Professional Athletes

This page is organized into sections to help you quickly find the information you need and get answers to your questions:

1. Q&A with Financial Advisors Specializing in Serving Athletes
2. Get Answers to Your Questions About Financial Planning for Athletes
3. Browse Related Articles

Q&A: Financial Advisors Specializing in Serving Professional Athletes

Three Questions with Leyder “Aiden” Murillo

We asked Denver-based financial advisor Aiden Murillo, who specializes in serving athletes, to answer questions he often hears from professional athletes looking for financial advice.

Q: What are common financial planning challenges unique to professional athletes that you frequently encounter when working with your clients? How do you work with them to overcome this challenge?

Aiden: Professional athletes often face the challenge of managing substantial earnings at a relatively young age, coupled with a career that can be unpredictably short. My approach involves:

• Educating them about sustainable spending habits.
• The importance of saving for the future.
• Diversifying their investment portfolio to prepare for life after sports.

It is key to tailor a long-term financial plan that accounts for their current lifestyle and future goals.

Q: For pro athletes who are unsure whether or not they should hire a financial advisor at the current point in their lives, what guidance can you provide to help them make a more informed and educated decision?

Aiden: For athletes on the fence about hiring a financial advisor, I recommend considering the complexity of their financial situation. High earnings, potential for varied income streams, sponsorship deals, and the short career span unique to athletes create a complex financial landscape. A good advisor can help navigate these complexities, plan for long-term financial security, and offer strategies to maximize their career earnings.

Q: How do the services you offer professional athletes distinguish your firm from other advisory firms?

Aiden: Our firm distinguishes itself by providing holistic financial planning that encompasses wealth management and focuses on aspects like brand building, post-career planning, and legacy creation. We collaborate closely with sports agents to ensure our financial strategies complement the athlete’s career trajectory and personal aspirations.

Q: When you first speak with a professional athlete, what questions do you like to ask to better understand their unique circumstances and determine how you can best help them achieve their goals?

Aiden: In initial meetings, I focus on understanding their career goals, lifestyle preferences, and personal values. Questions may include: “What are your long-term career aspirations?” “How do you envision your lifestyle post-retirement?” and “What financial legacy do you wish to leave?” This helps craft a customized financial plan that aligns with their unique circumstances.

Get to Know Leyder “Aiden” Murillo, Financial Advisor for Professional Athletes:

View Aiden’s profile page on Wealthtender or visit his website to learn more.

Q: For professional athletes thinking about transitioning to a job off the field, what actions do you recommend they take before announcing their intentions and shortly thereafter?

Aiden: For athletes considering retirement, I advise them to start planning well in advance. This includes budget restructuring, exploring second career options, and investing in personal development. Post-announcement, it’s crucial to revise their financial plan to adjust to the new income level and focus on long-term investment strategies.

Q: What questions do you recommend professional athletes ask financial advisors they’re considering hiring to help them decide if they’re a good fit?

Aiden: Athletes should ask potential advisors about their experience with clients of similar profiles, their approach to risk management, and how they tailor financial plans. It’s also essential to understand the advisor’s communication style and how they will keep the athlete informed and involved in the financial planning process.

Q: Is there anything that comes up frequently in your initial meeting with professional athletes that surprises you?

Aiden: What often surprises me is athletes’ enthusiasm and eagerness to learn about financial management. Many are more aware of the importance of financial planning than expected and are keen to engage in the process actively.

Q: Is there a particularly memorable experience or a moment you recall with a professional athlete when you first realized they have unique opportunities and circumstances when it comes to their financial planning needs?

Aiden: A particularly memorable moment was when a young athlete, soon after signing his first major contract, expressed his desire to secure his own financial future and give back to his community. This highlighted athletes’ unique position – their potential to effect positive change extends beyond their financial well-being to broader philanthropic goals. 

Resources to Help You Choose a Financial Advisor

✅ Top Questions to Ask a Financial Advisor

✅ How Much Does a Financial Advisor Cost?

🙋‍♀️ Have Questions About Financial Planning for Athletes?

📰 Browse Related Articles

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