Financial Services & Wealth Management for Professional Athletes
Preparing for Life Before, During and After Competition
The demands of an athlete stretch far beyond the boundaries of the playing field. Aldrich Wealth is on your side as a trusted partner and advisor to help you navigate through the financial complexities of a life built through professional sports.
While your in-game performance was always watched closely, you’re now face-to-face with managing a sudden influx of wealth, navigating new lifestyle pressures, and managing family and friends’ expectations at a young age. Though athletes’ working years number less than others, this creates the need to plan for a longer post-retirement life.
Making informed financial decisions can be both time-consuming and overwhelming. You need a trusted partner and advisor who is after your best interests and will walk alongside you as you navigate the financial and emotional complexities encountered by professional athletes.
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 harder and deeper 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
By helping you create a financial playbook, we will provide you with the comfort and confidence you need to make major financial game-time decisions throughout your lifetime. In addition, our advisors will help you answer questions such as the following. What saving strategy will allow me to maintain my target lifestyle in the future? If I want to start a business venture, how can I be sure this won’t put me at risk of running out of money? Will my family and wealth be safe if there is an accident or litigation?
As an athlete, your tax situation can easily become very complex. Effective tax planning allows you to keep more of what you’ve earned. As your career or business ventures expand, we will be right by your side to give you advice on the best way to structure your next venture. We look for opportunities to minimize your tax liability and maximize your after-tax returns by finding opportunities to accelerate or defer receipt of income, efficiently managing your tax bracket, coordinating your investments so you pay less taxes from your portfolio and filing in multiple states.
Sound investment management is critical when it comes to achieving your financial goals. At the center of our investment management process is our investment committee, that 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.
As an athlete, many of your needs may go beyond wealth management or tax planning. Our financial concierge team helps you focus on your game by organizing, coordinating and navigating your financial and lifestyle affairs, including: management, automation and verification of recurring transactions; private bank account monitoring, payment facilitation and oversights, and cash flow management; accounting, bookkeeping and budget oversight; detailed financial reporting and budgeting.
The Aldrich Wealth team offers a wide range of services, including support with entrepreneurial ventures, estate planning, foundation planning and management and 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
Stephen Nelson, CFP®
Stephen joined the firm in 2016 to assist individuals, families, and businesses plan for their financial future through prudent and values-based advice. Trust, stewardship, integrity and excellent service are the bedrock of every interaction with his clients. His experience prior to joining the firm includes investment management, financial planning and advising. He aims to educate,…
- Financial planning
- Investment management
- High-net worth families and individuals
- Business owners
- Certified Financial Planner®
Have a question?
Contact us to speak with one of our advisors.