Financial Services + Wealth Management for Professional Athletes and Coaches
Preparing for Life Before, During and After Competition
The demands of an athlete or coach stretch far beyond the boundaries of the playing field. Aldrich Wealth is your trusted partner and advisor, always there to help you navigate the financial complexities of a life built through professional sports.
While athletes’ in-game performance has always been watched closely, newly minted professionals are faced with the pressure of managing an influx of wealth, navigating new lifestyle pressures, and mediating family and friends’ expectations at a young age. Athletes’ working years are fewer than other professions, which creates the need to plan for longer post-retirement life.
Though coaches’ careers have a longer duration, they experience similar financial and lifestyle pressures to those of athletes.
Making informed financial decisions can be both time-consuming and overwhelming. You need a trusted partner and advisor who will look after your best interests and walk alongside you as you navigate the financial and emotional complexities encountered by athletic professionals.
a holistic approach to your life
Setting Financial Goals
Some financial firms start and stop with investment management. We believe investing your wealth is only a small slice of the big picture. We seek to help you tackle the more difficult and in-depth questions about your personal goals for your life and finances.
- What is important in your life, and how do you go about prioritizing those goals?
- Why is money important to you personally?
- What is the legacy you want to leave behind to your heirs and your community?
- What has been meaningful in your life up to this point, and what hasn’t?
We will walk alongside you as you find success with your finances, family and community.
Understanding the Athlete's Perspective
Our Financial Services
Aldrich Wealth helps you create a financial playbook that will provide you the comfort and confidence you need to make significant financial game-time decisions throughout your lifetime. Our advisors will help you establish a savings strategy that will allow you to maintain your target lifestyle in the future, and assist you in navigating the start of a business venture by running risk analysis. We will also help you strategize and analyze risks associated with accidents or litigation so that your family and wealth will be safe.
As an athlete or coach, your tax situation can quickly become complicated. Effective tax planning allows you to keep more of what you’ve earned. As your career or business ventures expand, Aldrich will be right by your side to give you advice on the best ways to structure your next venture. When it comes to marketing and licensing activities, we work to maximize your tax savings. Aldrich always looks for opportunities to accelerate expenses and defer receipt of income and manage your investments tax efficiently so that you can keep more of your portfolio gains. Additionally, we actively manage your tax bracket, so it’s at its most efficient. We analyze residency issues to maximize your state tax savings with expertise in multi-state tax returns and related tax issues.
Sound investment management is critical to achieving your financial goals. At the center of our investment management process is our investment committee, which provides disciplined, consistent, unemotional decision making. Our core investment principles include managing the behaviors necessary to be a long-term investor, acting as fiduciaries to our clients, allocating assets with a global mandate and prioritizing tax efficiency and cost minimization. We strive for discipline, structure and sound judgment as part of a consistent, repeatable and unemotional investment process. We also provide access to a variety of non-traditional investment opportunities and social impact investment options.
As an athlete or coach, many of your needs go beyond wealth management or tax planning. Aldrich Wealth’s financial concierge team helps you focus on your game by organizing and coordinating your financial and lifestyle affairs. Our concierge services include the management, automation and verification of recurring transactions, private bank account monitoring, payment facilitation and oversight, and cash flow management. Additional aspects of our financial concierge offering include accounting, reporting, and budgeting oversight. Amongst our lifestyle concierge offerings, you’ll find coordination and support for residency relocation, private travel management, and identification and coordination of personal services.
The Aldrich Wealth team offers a wide range of services and expertise, including support with entrepreneurial ventures, estate planning, foundation and charitable planning and management and risk and insurance assessment. And when it comes time to throw in the towel, we can assist in transitioning to life after sports.
Meet Our Professionals
Scott Barchus, CPA, PFS
K. Scott Barchus joined Aldrich in 1994 and founded Aldrich Wealth and Aldrich Retirement Solutions in 1998. His primary responsibilities include firm management in his role as president of both companies. Scott has a broad array of expertise in both the corporate retirement plan industry and in areas related to working with high-net-worth individuals. Scott…
- Certified Public Accountant
- Personal Financial Specialist
- High-net worth individuals
- Investment management
- Financial planning
- Fiduciary responsibility
- Corporate plan design and administration
Private Client Wealth Strategist
Aldrich Wealth LP
Sandi joined Aldrich in 2019 and has 25 years of experience in private banking and working with high net worth clients who have complex family dynamics. Sandi is a longtime Oregonian, and is a valuable asset to her clients in the Willamette Valley. Formerly a Senior Private Banker for Wells Fargo, Sandi has a wealth…
- High net worth clients
- Private banking
- Series 7 and 66 licenses
- Health and life insurance licenses
Have a question?
Contact us to speak with one of our advisors.