Partner - Head of Sports & Entertainment
e. Stuart Makin
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 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.
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.
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.
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.
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
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:
We are extremely grateful to all contributors to this paper for the time and insight they have given us.
Paul Weldon, Director - Sports and Entertainment, discusses working with Sports and Entertainment Clients.