Professional athletes are infamous for making money and then not being able to manage it, WealthManagement.com writes. However, some athletes have not only managed their own, but now help advise others, according to the publication.
Some Athletes Excel in Finance Despite a Bad Rep
Several advisors started in football, such as Wayne Chrebet, of the New York Jets, who is now part of a team with $2 billion in assets at Stifel, WealthManagement.com writes. Additionally, Brad Daluiso now works at Morgan Stanley and quarterback Cade McNown is a senior managing director at Kayne Anderson Capital Advisors, L.P., according to the publication.
Patrick Kerney got an MBA at Columbia University after 11 seasons in the National Football League, while Jim Everett, a Pro Bowl quarterback, earned an MBA at Pepperdine University and ran his own asset management company, WealthManagement.com writes. Willie Thomas, who majored in finance, left football and now leads more than 190 advisors as director of Merrill Lynch's San Francisco office, according to the publication.
Senior wealth advisor at Boston Private Wealth, Chris Dudley, spent 16 years in the National Basketball Association before becoming an advisor — and Jim Spanarkel earned a Series 7 license while still playing for the Dallas Mavericks, WealthManagement.com writes.
Now at Piper Jaffray, Brian Bellows had spent 17 years in the National Hockey League before switching profession, according to the publication. Clark Gillies, who won four consecutive Stanley Cups, is now a senior vice president at Hilton Capital, WealthManagement.com writes.
Following a 19-year career in Major League Baseball, Steve Finley became a financial advisor at Morgan Stanley, according to the publication. And Lauryn Williams, one of only five athletes to win medals at both the summer and winter olympics, became a Certified Financial Planner and opened the financial planning practice Worth Winning in 2016, according to WealthManagement.com.