Sports & Entertainment division
Meridian Wealth Management, LLC understands both the unique challenges and unique opportunities surrounding today’s professional athletes and entertainers. We offer comprehensive wealth management solutions catered specifically to your situation.
There is a critical need for sound financial planning and investment management to ensure that a professional athlete’s often limited earnings window can adequately sustain his or her post-professional transition, and ultimately, their retirement.
The financial management picture can become complex for many of our clients, and we have a team with the necessary experience to navigate you and your financial portfolio through these complexities. Our investment philosophy involves investment selection, not product sales. We serve as your personal CFO, dedicated to your financial well-being.
A Fiduciary Advisor relationship — the client always comes first
A Comprehensive Financial Assessment, with ongoing reviews
Professional Investment and Portfolio Management
Unique cash-flow planning solutions for diverse income streams (in-season/off-season)
Sophisticated Tax, Charitable, and Estate planning
Business advisory and private placement evaluation
Insurance needs analysis and plan implementation
Specialized lending solutions through Bank of New York Mellon
Review and utilization of collectively-bargained benefits
GOAL 1: COMPREHENSIVE FINANCIAL ASSESSMENT
Our clients receive a detailed assessment of their current financial landscape. This assessment will ultimately become our starting point for the financial plan that we will develop together.
GOAL 2: CUSTOMIZED PLANNING SOLUTIONS – A FINANCIAL PLAN BUILT FOR YOU
1. SPENDING PLAN
A penny saved is a penny earned, right? Due to the magic of compound interest, a penny saved can eventually be worth two pennies earned. We work with our clients to create spending plans that are both responsible and enjoyable. When we advise you on your spending, we are not afraid to say “No” if “No” is in your best interest.
2. CASH FLOW PLAN
Professional athletes and entertainers are subject to very unique cash flow planning needs. We evaluate all forms of income and use various techniques to help even out and stabilize diverse income streams.
3. TAX PLAN
We work with top CPAs and accountants to plan for and anticipate potential tax impacts on your monetary situation and your investments. Tax planning is a crucial part of a comprehensive financial plan, especially for athletes and entertainers who are forced to file taxes in multiple states and municipalities.
4. CHARITABLE PLAN
At Meridian, we have a servant’s heart. Our clients do as well. We assist clients in developing a responsible giving plan as part of their comprehensive financial picture.
5. TRANSITION PLAN
At Meridian, we recognize that the career path for athletes and entertainers can take many forms. For those athletes who may only have a short career span in athletics, we take the comprehensive financial plan and modify it to prepare for the phase we call the transition. Transition planning is critical for a successful move from athletics into your “second endeavor.” Various psychological, emotional, and financial hurdles must be accomplished. We act as a wise guide leading you through your transition.
6. ESTATE PLAN
Our comprehensive plan involves having an eye toward your family, your future heirs, your total estate. We begin with the end in mind.
GOAL 3: PROFESSIONAL INVESTMENT MANAGEMENT
Our team of professionals has decades of experience in managing investment portfolios for individuals, high net-worth families, and institutional clients. We survey the entire landscape of investment choices before we make a selection on stocks, bonds, mutual funds, ETFs, private equity, and alternative investments for our clients.
We manage portfolios in a fiduciary capacity and are obligated to make our decisions based on what is in our client’s best interest.
GOAL 4: INSURANCE NEEDS ANALYSIS AND PLAN IMPLEMENTATION
Through our wholly owned subsidiary, Meridian Insurance LLC, we cover one more piece of our clients' financial puzzle – your insurance needs. We understand insurance takes many forms and has many potential applications inside of comprehensive financial plan, from simple risk abatement to complex estate planning scenarios.
GOAL 5: SPECIALIZED LENDING SOLUTIONS THROUGH BANK OF NEW YORK MELLON
Our clients are afforded unique credit opportunities based on portfolio size and credit score. We will review these opportunities with you on a case by case basis as borrowing opportunities arise. We believe in managing and utilizing debt in a way that places no burden on our client’s financial well-being.
GOAL 6: REVIEW AND UTILIZATION OF CURRENT BENEFITS
The Director of our Sports and Entertainment Division, Jacob Tamme, was elected as an NFLPA player representative with two different NFL teams. He understands collectively bargained benefits and their impact on your financial life. We utilize an in-depth review of these benefits in concert with our customized financial plan for our clients.
OUR SPORTS AND ENTERTAINMENT DIVISION TEAM
Meridian Wealth Management LLC works with clients in a fiduciary capacity. As a fiduciary, we have an ethical and legal obligation to act in our client’s best interest and put the needs of our clients above our own. We act with professional prudence, provide fair disclosure, and avoid conflicts of interest. As a Registered Investment Advisor (RIA), we are required to uphold this standard by the SEC. The fiduciary standard is the highest in the industry and differs significantly from the “suitability” standard, which typically governs product sales.