Focus on every opportunity

Navigating the financial world can be challenging, especially for professional athletes who are time-short. Trusteo, a leader in tailored financial services, offers astute, expert guidance on wealth management, tax efficiency, and long-term financial planning, especially for those with high net worth. These are relationships that last a lifetime, giving individuals a trusted point of contact for any of their financial matters. Sports World sat down with the experts at Trusteo to shed light on the brilliant financial advisory services they provide to private clients.

WHY TRUSTEO?

Here at Sports World we pride ourselves on working with the absolute pinnacle of financial service providers. Those brands that push the envelope to deliver flawless service and expert guidance, and stop at nothing to meet the needs of their clients. With Trusteo’s reliable account managers, we connect our clients with their seamless process to simplify the complexities of modern finance and everything inbetween.

Can you tell us about the range of services you offer, particularly for high-net-worth individuals and professional athletes?

We offer a wide range of financial services tailored to the unique needs of high-net-worth individuals and professional athletes. Whether you’re looking to grow your investments, protect your assets, or plan for retirement, we work closely with clients to develop personalised strategies that align with their specific goals.

We are quickly approaching the January transfer window, which sees many footballers move to new countries for their careers. What kind of tax and financial advice do you provide to ensure a smooth transition?

Moving to a new country can be exciting but comes with challenges, particularly in tax matters. For example, a British national living abroad must consider income tax and capital gains tax. We help our clients navigate these complexities so they fully understand what’s involved and can plan accordingly. We’ll work with you to develop a personalized tax strategy that suits your specific circumstances.

How do you assist professional athletes in managing their wealth, especially given the short span of their careers and potential income fluctuations?

As a footballer or professional athlete, your career is often short compared to many other professions. It’s important to start planning for the long term as soon as possible. We’ll help you create a financial roadmap that ensures you’re financially secure both during and after you’re playing days. Our approach is to help them think like business professionals with careful wealth management, tax optimisation, and retirement planning.

What specific tax planning strategies would you recommend for footballers moving between countries with different tax regimes?

Navigating international tax laws can be tricky and no two people are the same. Our advice would be always speaking to a professional advisor whether that be us here at Trusteo or another trusted advisor. It is important to identify potential tax benefits, optimise tax structures, and stay compliant with international tax regulations. We can work with clients to develop a personalised tax strategy that suits their specific needs.

How do you work with clients to plan for life after football, ensuring long-term financial security and wealth preservation?

We believe in building long-lasting relationships with our clients. By understanding their financial goals, we create personalised plans for life after football, helping them achieve financial independence. Our aim is to guide athletes through informed decisions that will ensure they enjoy a comfortable retirement.

What advice would you give to young footballers or athletes early in their careers regarding financial planning, tax efficiency, and preparing for future financial stability?

As a young athlete, it’s important to start planning for your financial future early. We can help them develop a solid financial foundation by providing guidance on budgeting, saving, and investing. We’ll also help them understand the importance of protecting their income through insurance and other risk management strategies.

trusteo’s best advice for young investors

One of the most important lessons in investing is to prioritise capital preservation. As Warren Buffett famously said, “Rule number one: never lose money. Rule number two: never forget rule number one.” By focusing on protecting your investments and avoiding unnecessary risks, you can build a strong financial foundation for the future.

If you’d like to speak with Trusteo, get in touch with a personal client manager at Sports World who can introduce you to the firm. We operate closely with the Trusteo team to deliver confidential, reliable financial advice and an on-demand service that goes above and beyond.