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Wealth Management for Professional Athletes & Coaches
Great coaches call great plays, but it takes a team to execute and win. At EP Wealth, professional athletes like you are supported by a Wealth Management Team that is led by your Advisor.
Your team will look at the entire field and bring all pieces of your financial picture into view – with each member of the team playing a specific role to deliver for you. Every decision, from tax and investing to spending, real estate, compensation, estate planning, and the timing of any action can have a large impact. Your team, led by your Advisor, works seamlessly together to deliver the best outcome.
Who We Work With (NFL, MLB, NBA, NHL, UFC, College, HS, Coaches)
We serve athletes and coaches at every stage, from NIL earners to professionals, helping navigate the financial complexities of a career in sports.
Who We Serve: Professional/Emerging Athletes and Coaches
We work with athletes across every stage of their careers, from high school and college NIL earners to established professionals, helping manage complex income streams, preserve wealth, and plan for life beyond sports.
Financial Planning at Every Career Stage
College & NIL Athletes
+For many athletes, NIL income represents the first meaningful earnings of their career, making early financial decisions especially impactful. Establishing a foundation often includes understanding cash flow, tax obligations, and competing financial priorities. Planning at this stage can help athletes make more informed decisions as their financial situation evolves.
- Managing first income
- Tax planning & compliance
- Avoiding early financial mistakes
Peak Earnings
+During peak earning years, athletes and coaches may experience their highest levels of income, along with more complex financial considerations. This stage often involves evaluating tax strategies, managing cash flow, and considering approaches to preserving accumulated assets.
- Advanced tax strategies
- Wealth preservation
- Business & brand expansion
Early Career
+The transition into a professional career often brings increased income, new financial responsibilities, and lifestyle considerations. Establishing structure around spending, saving, and investing can support greater financial clarity during this phase. Financial planning for athletes in early career stages typically focuses on building consistent habits and evaluating long-term priorities.
- Contract income planning
- Lifestyle & spending discipline
- Investment foundation
Post-Career Transition
+As athletic or coaching careers change or conclude, financial priorities often shift toward income planning and long-term sustainability. This phase may include evaluating income sources, adjusting investment strategies, and planning for lifestyle changes.
- Income replacement strategies
- Long-term investing
- Lifestyle transition planning
Common Financial Mistakes Athletes and Coaches Could Make
- Underestimating tax obligations
- Overspending early income
- Relying on inexperienced advisors
- Signing unfavorable NIL or endorsement deals
- Lack of long-term planning
Our role is to help you be informed of these risks before they may impact your career or financial future.
How EP Wealth Can Help Athletes and Coaches
- Fiduciary advice—we provide guidance rooted in your best interest
- Experience with complex, irregular income streams
- Coordination with sports agents, attorneys, and tax professionals
- Long-term planning beyond your playing or coaching career
CORE NIL FINANCIAL SERVICES
NIL Contract Review
+We review the financial terms of your NIL contracts so you know exactly what you're signing. That includes payment structure, deliverables, and potential risks. We work directly with your agent and attorney when needed to help protect your interests and flag issues before they become problems.
NIL Tax Planning
+NIL income is taxable and often more complex than athletes expect. Our advisors help you think ahead, manage your obligations, and look for tax-efficient ways to handle your income. That includes guidance on how different types of NIL income are taxed, how to prepare for multi-state filings, and when estimated payments may be required. We also coordinate with tax professionals to support accurate filings and reduce the risk of penalties or missed obligations.
NIL Financial Planning & Cash Flow Management
+NIL income arrives quickly and often unpredictably. We help you build a financial plan that brings structure to your cash flow: how money comes in, how it’s spent, and how much is set aside. Our guidance includes planning for taxes, establishing consistent savings habits, and building the financial literacy needed to make informed decisions. Our goal is to help you use your current income in ways that support both your immediate needs and long-term goals.
Entity Formation & Risk Management
+Earning income from NIL deals may require setting up an LLC, trust, or other legal structure. We help evaluate the right approach based on how you’re earning and what you need to protect. That includes guidance around liability exposure, insurance needs, and asset protection.
As fiduciaries, we evaluate LLCs, trusts, and other entities solely based on what serves your goals, not what benefits a third party.
Compliance With NIL Rules
+The NIL landscape is constantly evolving. Each state, school, and athletic organization has its own rules. We help you stay compliant by organizing your deals, tracking disclosures, and advising on what is required to maintain eligibility.
What Can Go Wrong Without the Right Professional Support
+Athletes without the right financial support team can run into problems quickly. These may include unexpected tax bills, overcommitted spending, noncompliant contracts, or deals that create more liability than they’re worth. Issues like these can disrupt your career and limit future opportunities. Our team helps manage those risks by giving you the structure, strategy, and coordination that NIL income demands.
Our fiduciary commitment means you get professional advice—with a focus on protecting your future at every step.
Name, Image, Likeness (NIL) Wealth Management Services for Athletes
As a fiduciary, EP Wealth works with college athletes earning NIL income to manage every part of their financial lives, from contracts and tax filings to investment planning and risk management—putting their best interests first. NIL deals can create real opportunities, but they also bring complex decisions. We build custom financial plans around your goals, coordinate with your team, and help you make informed decisions that support both your career and your future.
Snapshot: NIL Financial Planning Tools
We use tools built specifically for NIL athletes to help manage income, deals, and obligations:
- NIL Income Checklist: Tracks payments, deliverables, and compliance steps
- 50/20/30 Budget Framework: Helps you divide income into needs, savings, and spending
- LLC and Trust Formation Guidance: Supports income management and liability planning
- Coordinated Professional Network: Access to trusted tax, legal, insurance, and branding partners
A Team Dedicated To Your Financial Goals
Wealth Team Dedicated to Each Client
Transparency and Guidance
We provide transparency and guidance to help you plan for your future so you can focus on your athletic career now while creating generational wealth for you and your family.
At EP Wealth Advisors, you have access to our full suite of services:
Broader Wealth Management Support
NIL income is often just the starting point. As your finances grow, so do the decisions that come with them.
Investment Management for Long-Term Growth
We build investment strategies that align with your risk tolerance, income timeline, and personal goals. Whether you want to grow wealth between seasons or plan for life after sports, our investment team helps create a strategy with clear purpose.
Insurance and Protection Strategies
NIL deals can open new risks, from personal liability to health or career disruptions. We help you evaluate those risks and connect you with professionals who provide appropriate coverage based on your situation.
Legacy, Estate, and Generational Planning
We work with athletes who want to plan beyond their playing years, whether that’s supporting family, managing future giving, or preparing for long-term generational wealth transfer. Our team helps build the structures and strategies needed to organize those plans clearly and effectively.
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EP Wealth has been outstanding in managing our retirement. Adam Fein and Joe Palumbo have taken the time to really understand our goals and guide us with care every step of the way. They explain things clearly, always make themselves available, and have given us real peace of mind about our future. It feels great knowing our retirement is in such capable and trusted hands. Highly recommend!
- Bruce and Robyn Herbig, Parents of NFL Athlete
From the moment I was drafted, through multiple contracts, growing our family, and everything in between, Joe and Adam have always been there for me and my family, having a plan every step of the way.
- Joel Bitonio, NFL Offensive Lineman, 12 Years and Counting
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EP Wealth Co-Founder, Brian Parker
At EP Wealth Advisors, our business model has always been simple – our clients always come first. Derek and I always knew that if we did right by our clients, we would find success in this industry. We know that athletes are constantly experiencing times of stress and high stakes, making it our responsibility to make their wealth management journey as smooth as possible.
- Brian Parker, Co-Founder
Frequently Asked Questions
When should I start working with a financial advisor?
+Whether you’re earning NIL income or signing your first contract, having a plan in place early can help you be aware of costly mistakes and build a financial foundation.
How do you help manage irregular or seasonal income?
+We help create structured plans that account for uneven income, prioritizing budgeting, tax planning, and long-term investing to support financial stability throughout and beyond your career.
Can you coordinate with my other advisors?
+Yes. We regularly collaborate with agents, attorneys, and tax professionals to tailor your financial strategy across all areas of your life.
How is working with an athlete-focused advisor different?
+Athletes and coaches often have unique financial situations, including short career windows, fluctuating income, and complex contracts. An experienced advisor helps navigate these challenges with strategies tailored to your career path.
Do I still need an advisor if I already have an agent?
+Yes. Agents typically focus on contracts and endorsements, while a financial advisor helps manage your overall financial picture, including investments, tax planning, and long-term wealth strategy.
How do you help athletes and coaches with life after sports?
+We work with you to build a long-term financial plan that supports your goals after your athletic or coaching career, including income strategies, tax-conscious planning, and ongoing investment management.
Talk to Your Financial Advisor
We are looking forward to hearing from you about your goals.
DISCLOSURES
- The need for a financial advisor or financial planner and/or the type of services required are specific to the uniqueness of each individual’s circumstances. The referenced material identified herein is limited in nature and specific to what is offered by EPWA. There is no guarantee or warrantee that the services offered by EPWA will satisfy your financial services requirements. Services offered by other advisors may be more suitable to your specific needs.
- There is no guarantee that all the services detailed herein will be offered to a client. The services EPWA offers clients is dependent on the requirements of each client. In many instances, clients or prospective clients may not have a need for all or some of the services detailed.
- Request an appointment with an EP Wealth Advisor when you have a minimum of $500,000 in investable assets – which includes qualified retirement plans (IRA, Roth IRA, 401(k), taxable brokerage, cash (savings / checking) and CDs. Investable assets do not include your home, vehicles, or collectibles.
- Hiring a qualified advisor and/or financial planner does not guarantee investment success, and does not ensure that a client or prospective client will experience a higher level of performance or results. No guaranty or warranty is made that any direct or implied results or projections being represented here will be met or sustained.
- The need for a financial advisor or financial planner and/or the type of services required are specific to the uniqueness of each individual’s circumstances. There is no guarantee or warrantee that the services offered by EP Wealth Advisors, LLC will satisfy your specific financial services requirements. Services offered by other advisors may align more to your specific needs.
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