Should You Have a Financial Advisor?

Mar 1, 2024

Just as you may work with professional, qualified coaches who can help you to be your best on the court, consider how a professional Financial Advisor may help you make decisions for your money.

Key Takeaways

  • As your goals for your life and your finances change, a professional Financial Advisor may help you keep your financial goals on track.
  • Financial Advisors will work with you to understand what would help you most, from investment recommendations to personalized financial planning.

As you achieve more success on the court, you may find that your earnings are growing, too. Because tennis players earn income in a variety of ways, it’s important to understand how to maximize what you earn, minimize costs and manage your money well. Your goals may have also gotten bigger, along with your earnings. A professional Financial Advisor can help you manage that complexity, using the latest market intelligence and industry tools to help you make decisions.

 

Here are five things you can expect from working with a Financial Advisor.

 

1.  Experience

Your Financial Advisor’s job is to listen to your goals, and use their knowledge and resources to build a financial approach that works for you. For example, some clients only want recommendations on how to invest their money, while others want help with personalized investment planning that evolves as your life changes. This kind of planning may include guidance on retirement, education, legacy planning, debt and more.

 

2. Confidence

When you have a Financial Advisor—backed by the resources of a global firm—delivering well-informed research, comprehensive analysis and thoughtful advice, you have someone who can help you ace your financial questions. You can feel more confident knowing that someone else is thinking (perhaps even before you are) about how to prepare for volatility, always striving for long-term performance in line with your goals.   

 

3. Access

A Financial Advisor can offer a range of investment options. Your Financial Advisor will evaluate your goals, the amount of risk you’re willing to take and other factors to help ensure you have a balance of assets in your portfolio that’s right for you. Where appropriate, they can help diversify your investments in different stocks, bonds and/or alternative investments to better manage risk and prepare you for both up and down markets.

 

4. Convenience

A good Financial Advisor is there when you need them. For example, Morgan Stanley Financial Advisors are available to meet in person, on video and by phone, according to your schedule. It’s all about what’s most convenient for you.

 

5. Connection

Financial Advisors know numbers and investments. But they also know clients are individuals with unique concerns and circumstances, and listening is a key part of the job. After all, we all want to be heard, especially when it comes to our money.

 

Every sports and entertainment profession is unique with its own characteristics, earnings profile and variable career span. You require a Financial Advisor who knows the industry and how money flows from your work to your wallet. Our Global Sports and Entertainment designated Financial Advisors, chosen for their advanced experience working within very specific fields. They understand the total financial picture and craft creative financial strategies that account for the unique challenges and dynamics of our clients’ careers. If you’re considering working with a Morgan Stanley Financial Advisor, contact us via our dedicated email box for WTA players. See how we can work with you, your family and your team to make the most of your financial future.

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