"Athletes from the nation's three biggest and most profitable leagues - the NBA, NFL, and MLB - are suffering from a financial pandemic. Although salaries have risen steadily during the last three decades, reports from a host of sources (athletes, players' associations, agents and financial advisers) indicate that by the time they have been retired for two years, 78% of former NFL players have gone bankrupt or are under financial stress because of joblessness or divorce.” 1
An NFL player only has a limited number of years in their career to earn money before they start living off their assets. This means that managing your income and investing from a young age may be critical for ensuring your assets last through retirement. Often, it can be difficult for NFL players to find an advisor they trust or one who can address their unique needs and a financial situation that differs from other working professionals.
To help NFL players receive appropriate financial advice, the NFL Players Association created a registration program that fully vets and background checks every advisor within the program. Kelly Welker is a Registered NFLPA Financial Advisor and is committed to serving the individual needs of her NFL player clients. She offers concierge services and has a program specifically designed to assist NFL players in the different stages of their careers.
1. “How and Why Athletes Go Broke.” Sports Illustrated, 2009.
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