Professional Athletes

Financial Planning & Wealth Management:

• Understanding Athlete Contracts: Vidarrow can help athletes decipher complex contract language and understand the financial implications of signing bonuses, guaranteed money, and performance incentives.
• Career Transition Planning: Athletes' careers are often relatively short. Vidarrow can help develop a plan for a smooth transition to life after sports, including career exploration, investment strategies for long-term financial security, and budgeting for potential career changes.
• Tax Planning & Minimization: Vidarrow can collaborate with your tax advisor to develop tax-efficient strategies to minimize tax liabilities on high-income earnings. This could involve exploring tax-advantaged retirement accounts, charitable giving strategies, and proactive tax planning throughout the year.
• Estate Planning: Developing a comprehensive estate plan is crucial for athletes. Vidarrow can work with estate planning attorneys to ensure assets are protected and distributed according to the athlete's wishes.

Investment Management:

• Diversification & Risk Management: Given the potentially short earning window of athletes, Vidarrow creates highly customized and diversified investment portfolios that balance growth potential with risk management. This might involve a mix of stocks, bonds, real estate, and alternative investments.
• Managing Lifestyle Inflation: Athletes often experience a significant increase in income during their playing careers. Vidarrow can help them develop realistic budgets and avoid lifestyle inflation to ensure long-term financial security.
• Avoiding Investment Scams: Unfortunately, athletes can be targets for investment scams. Vidarrow can provide guidance on selecting reputable investment vehicles and avoiding risky or fraudulent investment opportunities.

Additional Services:

Philanthropy Management: Many athletes are passionate about giving back. Vidarrow can help establish charitable foundations or donor-advised funds (DAFs) to facilitate philanthropic endeavors.

Aviation and Personal Security Financial Planning:

• Cash Flow Management: Owning a private aircraft can significantly impact cash flow. Vidarrow can help develop a comprehensive cash flow management plan that factors in operating costs, maintenance expenses, hangar fees, and fuel costs associated with the aircraft. We can also ensure sufficient reserves are available for unexpected repairs or downtime.
• Tax Planning: Vidarrow can collaborate with tax advisors to explore potential tax benefits associated with aircraft ownership, such as depreciation deductions and business use exemptions. We can also help navigate the complexities of sales and use tax for aircraft.
• Investment Planning for Liquidity: Maintaining sufficient liquidity is crucial for individuals with illiquid assets like artwork or private aircraft. Vidarrow designs investment strategies that prioritize asset allocation and diversification to ensure readily available funds for ongoing expenses and financial needs.
• Estate Planning: Developing a comprehensive estate plan is essential for high-net-worth individuals. Vidarrow can work with estate planning attorneys to ensure these valuable assets are distributed according to the individual's wishes, considering potential estate taxes and minimizing the tax burden on heirs.

Management of Collectible Assets (Watches, Jewelry, Art, Classic Cars):

• Valuation & Appraisal: We can collaborate with qualified appraisers to ensure accurate valuations of jewelry, art, and watches for insurance purposes, estate planning, or potential sales.
• Liquidity Considerations: Vidarrow can discuss the liquidity of collectible assets and advise on strategies for selling them if necessary. This might involve connecting clients with reputable auction houses or art dealers specializing in these specific collectibles.
• Insurance Coverage: Vidarrow can help ensure these valuable assets are adequately insured against damage, theft, or loss. We can work with specialized insurance providers who understand the unique risks associated with collectible items.
• Art Finance: We are available to support the design and implementation of bespoke financial strategies to monetize your art collection. This may include facilitating relationships with lenders who provide short to mid-term loans to help you unlock liquidity from your art collection, tailored to your specific needs and goals, without the need to sell. 

Benefits of Using Vidarrow for Professional Athletes:

• Fiduciary Duty: Vidarrow is legally obligated to act in the athlete's best interests, ensuring financial recommendations prioritize long-term security, not just short-term gains.
• Passion for Athletics: Our founder's lifelong dedication to sports began at a young age, fueling a deep-rooted passion for athletics. Still an active participant in various sports, he remains intimately involved in supporting youth athletic programs. His genuine enthusiasm extends beyond personal involvement, encompassing a sincere appreciation for all sports and all athletes, regardless of age, skill level, gender or background.
• Holistic Approach: Vidarrow goes beyond just investment management and offers a comprehensive approach to financial planning, considering all aspects of the athlete's financial life, including unique assets like jewelry, watches, art, collector cars and other forms of collectibles.
• Long-Term Partnership: Vidarrow can provide ongoing support and guidance as the athlete's financial situation and goals evolve throughout their career and beyond.