Who is Qualified to Help You? | Zach Miller, Erik Averill | NFL Players' Podcast #5
Athlete Wealth Podcast
English - December 23, 2020 13:00 - 11 minutes - 10.3 MB - ★★★★★ - 8 ratingsFootball Sports Business Investing nfl players athlete finances athlete wealth athlete wealth management business finance football players investing nfl oakland raiders Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
The differences between someone who plays in a football league on the weekends and an NFL player are obvious, but did you know there are similar gaps between people who call themselves financial advisors? When trusting someone with your net worth – do you know the designations to look out for? What are the differences in qualifications between someone who says they’re a financial advisor and someone who is a CFP®, CPWA®, CPA or CFA? Approximately 300,000 people in the country could call themselves a financial advisor – even if they just sell insurance. However, there are only roughly 82,000 people with the designation of CFP®, and 2,500 with a designation of CPWA®. Knowing which designation you need for your unique situation could end up equaling millions of dollars for you.
In this week’s episode of the NFL Players’ Podcast, Zach Miller and Erik Averill break down the different designations you’re going to come across and you should be looking out for, and they’ll cover one of the biggest assets that you have as an NFL player that we’ve seen as also one of the most neglected assets out there.
Episode Highlights
Who is actually a professional? (1:16)The designations you should look for: CFP®, CPA, CFA (2:15)Trusting in the right expertise (4:24)“So what I would say is, regardless if you're an athlete or you are parent listening, or an agent, you should first and foremost, work with an independent company that is doing what's in your best interest. They're not actually trying to sell their products and their services at you of trying to extract value.” – Erik AverillWhat Wall Street firms can’t help you with (5:26)Everything you should know about the NFL Benefits Package (7:05)“These are extra benefits that the average advisor just has no chance understanding and they don't want to, it's not worth it for them, but it matters to me and it matters to helping guys get the benefits that they earned while they were playing.” – Zach Miller