Pro Athlete
Case Study 01
Mark | First-Round Draft Pick
THE
CHALLENGE
Mark was a top prospect with more questions than answers. He had worked for years to put himself in a position to capitalize on his athletic ability. The challenge was determining how to do it right the first time in a situation that only happens once in a lifetime.
OUR APPROACH
Mark and his family wanted to hire a financial team that had the experience they lacked. Knowing that they have one chance to “do this right” it was paramount they made the right moves.
They wanted a financial team that understood the ins and outs of the draft process and could support Mark throughout his career.
THE
RESULTS
When Mark and his family hired Moment, they were focused on the entire financial picture. They wanted strategies to reduce his tax bill, build a sustainable lifestyle, and ensure an investment portfolio that would protect his big payday.
Mark is now a professional athlete. He and his family know that in a sea of unknowns, they are controlling what they can. Mark is getting educated about his wealth, making good decisions, and has a plan to protect his signing bonus.
THE
PLAN
Ensured all state and federal tax strategies were explored.
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Built a multi-year tax strategy to reduce his lifetime tax bill.
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Educated Mark on taxes, investing, and money management.
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Implemented a budget to help reach both current and future goals.
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Built an investment portfolio that weighed future career unknowns.
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Collaborated and help build out a team of professionals to serve Mark.
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Coordinated and executed proper insurance coverages to protect Mark.
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