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6 tips for advisors to help rich young athlete clients with NIL | Financial Planning - TBH Advisors
Insights / 6 tips for advisors to help rich young athlete clients with NIL | Financial Planning

6 tips for advisors to help rich young athlete clients with NIL | Financial Planning

Phil Reynolds, managing member at TBH Advisors, speaks with Financial Planning’s Victoria Zhuang about tips for advisors supporting clients with NIL deals. “The key point is understanding the terms of the deal: What responsibilities must the athlete fulfill, to receive the promised compensation? Obligations could include anything from creating social media posts to attending meet and greets, to signing autographs or starring in ads. Equally important: What latitude does the company or sponsor have, when it comes to deciding upon whether they’ve met those responsibilities to receive compensation?,” says Reynolds. 

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