Show notes
Delve into the financial intricacies and planning for professional athletes and ultra-high net worth individuals with guest Michael Bapis, Managing Director with Vios Advisors at Rockefeller Capital Management. They explore the importance of endorsements, LLCs, and adapting to the changing landscape influenced by NIL and social media. The discussion covers the crucial role of relationships and trust in managing wealth, the significance of diversification in investment portfolios, and the challenges athletes face when transitioning out of their sports careers. Additionally, they touch upon tax strategies, asset protection, and the necessity of early financial education. The episode provides valuable insights and strategies for managing and growing wealth, emphasizing the importance of having a solid financial plan and a team of trusted advisors.
Episode Highlights:
05:25 Building Trust and Relationships in Wealth Management
11:30 The Challenges and Misconceptions of Managing Wealth for Athletes and Entertainers
19:41 Leveraging Personal Brands for Financial Success
20:40 Brand Strategy for Athletes and Entertainers
21:25 Emerging Trends in Sports and Entertainment
22:04 Navigating Financial Planning and Estate Taxes
24:51 Managing Sudden Windfalls: Financial Strategies for Athletes
25:55 The Importance of Structured Loans and Debt Management
27:03 Empowering Financial Literacy and Education
30:52 Risk Management and Asset Protection for High Profile Clients
Michael Bapis, Managing Director with Vios Advisors at Rockefeller Capital Management, brings over 20 years of wealth management and private banking to his clients, working with many professional athletes and ultra-high net worth to create financial portfolios that align with long-term goals and optimize their wealth. Michael is a registered NFLPA Financial Advisor and is considered a thought leader in the financial services industry, having regularly appeared on CNBC’s Trading Nation and Worldwide Exchange, TD Ameritrade, Bloomberg TV and Yahoo Finance as well as quoted in CNNmoney.com, CNBC.com, Reuters, Financial Planning and Investment News.
Connect with Michael:
Vios Advisors at Rockefeller Capital Management: https://www.rockco.com/vios-advisors/
Vios Advisors LinkedIn: https://www.linkedin.com/in/vios-advisors-at-rockefeller-capital-management-419027134/
Michael Bapis: LinkedIn: https://www.linkedin.com/in/michael-bapis-23a93127/
Vios Advisors Instagram: https://www.instagram.com/rockefellervios/
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