Stuart Makin
Partner - Head of Sports & Entertainment
e. Stuart Makin
Sports & Entertainment
Stonehage Fleming have many years’ experience assisting global sports stars, providing a range of integrated financial and administrative services to ensure their long-term interests are being looked after, while they focus primarily on the success of their sporting careers.
THE PARTICULAR NEEDS OF SPORTS STARS
The earnings of sports stars usually peak in their twenties and early thirties and building a capital base to provide for their long-term future is a particular challenge. Depending on the sport and the individual, their affairs can also be complicated by multiple sources of income and by associated business interests, often leveraging their name and contacts.
Our experience has taught us how to help them avoid the obvious financial pitfalls, whilst taking full advantage of the many opportunities which present themselves.
WEALTH MANAGEMENT AND FINANCIAL PLANNING
Our central philosophy is to apply the same financial disciplines as one would to a business, including professional risk management. Consequently, we place a significant amount of emphasis on strong governance, discipline and process in respect of the financial affairs of our athletes.
We provide a full range of services from the management of investments,
financial planning and reporting to fiduciary,trusts, company formation and advice on transactions and business ventures.
We have an extensive network of professional partners and work alongside agents, sponsors and existing advisers to allow our athletes to focus fully on their professional careers.
PRACTICAL WISDOM
Our experience of advising other successful sports stars, as well as a wide variety of wealthy individuals and families, gives us insights into the challenges and opportunities they face. This experience goes far beyond financial matters and helps ensure all the implications of decisions are thoroughly considered in their proper context.
THE TEAM
We have extensive experience in-house, across a broad spectrum of disciplines, and the infrastructure to deliver a full broad range of Family Office services. Every client has specific requirements unique to their discipline and our bespoke service offering reflects that. For more information please get in touch with the Sports & Entertainment team.
Contact Us
The Role of Active Management in a Modern Portfolio
In short a passive fund seeks to replicate the relevant market index, rather than select individual stocks, so that the performance of the fund will be in line with that index, less any management or transaction costs, which are generally mall. It could be one of the main stock market indices, such as the S&P 500 for US or the FTSE 100 for UK companies, or one representing a smaller subset of the investment universe based on a particular sector or investment style.
To read more please download the Know How Bulletin
The World in 2043
EXECUTIVE SUMMARY
With as much as £5 trillion expected to be passed down to the next generation in the UK alone, helping our clients successfully navigate the next 30 years is our primary focus. Our paper, The World in 2043, sets out to harness the collective wisdom of our network, clients, advisers and the team here at FF&P to aid us on that journey.
Our proprietary research comprised a survey, interviews and discussion events with 90 Ultra High Net Worths and advisers, collectively representing over £100 billion of net assets. The principal findings were:
- 71% of respondents identified real capital preservation as their greatest challenge.
- Six threats to wealth were consistently named: Lack of strategic planning, Fragmentation on inheritance, Excessive risk taking, Dispute and family breakdown, Inflation, Taxation
- Family constitutions, trusts and family limited partnerships are increasingly essential to address many of these threats.
- 46% of respondents chose 10 years plus as the most suitable investment horizon for wealthy families; a further 21% chose 30 years plus; SUMMARYand 69% named inflation as the most appropriate benchmark.
- Despite many of our respondents anticipating a recurrence of a major financial crisis within the next decade, a significant majority selected equities, led by today’s emerging markets, as one of the few sources of real returns and the likely best performing asset class to 2043.
- Cash and government bonds were nominated by a significant majority of our survey as likely to be among the worst performing asset classes over the next 30 years.
- Two common themes from the survey were diversification and the search for growth in a low yield environment. In this context, real estate was considered the most suitable alternative asset class.
- There was confidence in the Euro’s survival, 63% expecting it to endure beyond 2043, albeit with caveats; and 80% believe that the US Dollar will remain the global reserve currency in 30 years, notwithstanding the US’s anticipated loss of economic pre-eminence to China.
- London is expected to remain a leading financial centre for wealthy families, with 93% of the sample believing that it will continue to be one of the top three globally in 2043.
We are extremely grateful to all contributors to this paper for the time and insight they have given us.
Paul Weldon - Working with sports and entertainment clients
Paul Weldon, Director - Sports and Entertainment, discusses working with Sports and Entertainment Clients.