Scouting Reports on Financial advisors
Understand a financial advisor's background before you invest.
so many advisors so little time
Most athletes do not have the time to thoroughly research a financial advisor's background, employment history, investment philosophy, fees, outside business activities, and potential conflicts of interest.
Let us do it.
Identify areas of conflict / concern
Advisors and their firms are required to disclose a ton of information that details their motivations and incentives to invest your money.
Are they conflicted or not?
choose the best aDvisor for you
A scouting report will identify the strengths and weaknesses of a potential advisor and provide an overall score to help choose the best advisor.
Start on the right financial path.
WATCH: How do you choose the right financial advisor? We're answering your questions with David Byrne @BrightLightsLLC and Josh Brown @ReformedBroker. #investinyou (In partnership with @acorns.) https://t.co/x5MC85ofH7
— CNBC (@CNBC) December 3, 2019
Kareem Abdul-Jabbar, 6x NBA Champ, 2x NBA Finals MVP, and 6x NBA MVP:
"I chose my financial manager, who I later discovered had no financial training, because a number of other athletes I knew were using him. That's typical athlete mentality in that we're used to trusting each other as a team, so we extend that trust to those associated with teammates. Consequently, I neglected to investigate his background or what qualified him to be a financial manager. He placed us in some real estate investments that went belly up and I came close to losing some serious coin. Hey, Kareem at 30: learn about finances and stay on top of where your money is at all times. As the saying goes, ‘Trust, but verify.’”
- As told to Esquire