Financial Services for Professional Athletes

Your very own CFO: Redefining the concept of personal attention when it comes to financial advisory.

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As the leading, full-service financial advisory and management firm for professional baseball players, Winpoint Financial will help you thrive on and off the field. We offer a comprehensive array of financial services, including:

At Winpoint, we believe that financial security through sound management and disciplined investing will benefit you and your family—not just for right now, but for tomorrow as well. Together, we’ll pave the road towards a bright future for the next generation of you.

 

WEALTH MANAGEMENT & RETIREMENT PLANNING

Professional athletes have a variety of coaches at their disposal to help improve their skills and attain their goals. At Winpoint, we serve as a financial coach for our clients, helping to guide them from the day they are drafted all the way through retirement.

The average career of a professional athlete is approximately four years. That means we must diligently prepare throughout a player’s career and devise a plan for life after baseball. Our clients have worked extremely hard to obtain their wealth and we pride ourselves in helping them manage and preserve that wealth so their families are financially secure and comfortable for the rest of their lives.

As your sports career begins to wind down, we are there to support you as you transition into the next chapter of your life, whether it’s in coaching, broadcasting, or running your own business. Detailed long-term cash flow projections incorporating portfolio returns, pension calculations and taxes will identify the asset and income levels required to support your lifestyle and achieve your personal and professional goals over the decades to come.

At Winpoint, we pride ourselves on being involved with you from start to finish. You accumulate the wealth and we’ll protect, manage, and grow it so you can focus on what’s most important to you: your family and your career.

INVESTMENT ADVISORY

A major factor in reaching financial security and freedom is implementing an investment strategy that will allow your assets to safely grow throughout your life. Because we have a complete understanding of your financial situation, we are able to craft a customized plan that will result in stability at retirement. Whether you are conservative or aggressive, concerned with capital appreciation or income, we are fully equipped to satisfy your needs.

Through our partnership with Geier Asset Management (GAM), a Registered Investment Advisory (RIA) firm, we have access to a comprehensive investment platform and the services of their experienced team.

In addition, through GAM’s experience and developed relationships in the industry, access to exclusive separate account managers who specialize in a specific, unique strategies are available. Private equity and venture capital opportunities are brought to us regularly. We conduct a thorough analysis of the viability of the opportunity to determine if it is suitable for you. The combination of these offerings allows GAM to tailor a strategy and portfolio that is a perfect fit for your specific financial situation.

TAX PLANNING & PREPARATION

In our experience, we have found that tax filings are one of the most important pieces of an athlete’s financial picture. Unfortunately, they are also the most overlooked. We understand the year-long planning that is involved in filing a tax return once you become a baseball player. Our tax professionals (CPAs/Certified Public Accountants) have been cited in numerous publications and spoken publicly on handling taxes for athletes.

Our duty day calculation tracks every state and city where you played during the tax season, so as to minimize your liability. We understand what needs to be done when your salary fluctuates and we are diligent about making sure estimated taxes are paid so there are no surprises on April 15.

As a full-service client of Winpoint, your personal and baseball expenses are tracked throughout the year, assuring that no deduction is missed. The unique tax needs of a professional athlete require constant correspondence with various state taxing authorities and the IRS, which we take care of on your behalf. We also represent our clients should an audit occur. Our knowledge and experience in this industry allow us to simplify an otherwise intricate and time-consuming process. You’ll never have to gather documents, complete an organizer, or make a tax payment—we handle it all.

FAMILY OFFICE

When it comes to managing your day to day tasks, the Winpoint team is here to take care of the headaches and let you focus on your career. We help facilitate real estate transactions from start to finish—from negotiating the price and mortgage terms to setting up your cable.

Our team acts as your project manager for home improvement projects or oversight on investment properties, to help protect your investments and make sure things are done right. We are there to support you by arranging for temporary housing, movers, and vehicle shipping as you move to new areas from season to season.

Because our history is rooted in sports, we closely understand what it means to navigate your health insurance benefits and we also understand how important it is to have the right property and casualty insurance in place to protect you and your family. We assist you with processing claims and keep a close eye on your coverage to make sure updates are made as needed.

For our Private Client Group clients, we can monitor large purchases and independently work with your insurance agents to make sure the items are added to your coverage. The services that are offered through our Family Office are highly customizable depending on where you are in your career.  We work with each client individually to find out what is important to them.  Whether it’s hiring a housekeeper, reviewing maintenance contracts for your home, or assisting with travel arrangements—we are here to support you and your family.

ACCOUNTING SERVICES

Bill payment services are no longer just about paying bills—they are about being protected. As a member of our Private Client Group, we act as your own personal Chief Financial Officer (CFO).  We work as liaisons with your bank to assist in opening bank and credit card accounts as well as expediting replacements of your debit and credit cards should something happen. We regularly monitor your accounts and credit reports and take action should anything fraudulent arise.

Our monthly financial reporting allows us to help you stay on budget and show you exactly where your money is being spent.

BUSINESS ADVISORY

Our entrepreneurial clients value our business advisory services that include assistance in establishing a business model, conducting financial analysis to determine viability of the venture, and oversight along the way. We currently help several of our clients with managing aspects of their business ventures in addition to their personal services through the Private Client Group. Our experience in business accounting and management has allowed us to assist our clients in a variety of business interests—from a baseball academy to the construction and management of a shopping center. No matter where your career takes you, we are here to help you succeed.

Ready to get started? Call us today to speak with a member of our team and discuss how we can help secure your financial freedom, long after your last inning. 

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