One thing we pride ourselves on at DBL is understanding rugby, both the sport itself and those who play it. This means that we understand your specific situation, challenges, and needs as a professional rugby player.
As a result, this allows us to provide you with financial advice containing precise insight that can add real and lasting value to you and your wealth.
This is why it is crucial for you to work with an adviser who understands rugby.
We understand the challenges you face
Rugby is clearly a physical game that can be hugely challenging, both physically and mentally. Because of that, we appreciate that key milestones in your career are hugely significant to you and your family.
For example, you will have worked extraordinarily hard for your first professional contract, and will treasure it as a potentially life-changing moment.
As a result, we know how important it is to put plans together to manage your wealth and start securing your future soon after the ink is dry on your signature.
Working with an adviser with plenty of experience in dealing with players in a similar position to you will stand you in good stead.
We can help you put together a plan to reflect your situation
As your career progresses, having a robust financial plan in place can help keep you on the right track.
Without one, you are likely to end up financially rudderless and reacting to events, rather than planning for them. An effective plan provides you with valuable peace of mind and can act as a roadmap to your future financial success.
We also understand that the nature of professional rugby means your circumstances can change, sometimes at very short notice.
Furthermore, we will help you review your plan regularly and make changes as required as your professional and life circumstances change.
A good financial plan means you will not become preoccupied with money issues, allowing you to focus on your on-field performance.
We understand your rugby career could take you anywhere
The nature of professional rugby means you could be on the move at relatively short notice.
In the modern era, one-club players are becoming a rarity, and moving from club to club is now far more commonplace than it was even 20 years ago.
Some moves may be short distance, meaning the upheaval will be minimal. Or, you may make the decision to play abroad, which can add a real level of complexity to your financial planning and necessitate changes in your plan.
Having an adviser by your side for these moments can be highly valuable, helping you to make informed and considered decisions about your financial management.
We can help you make the most of your career highs
As well as moving clubs, there are other milestones when having an experienced adviser who knows what it means to you can stand you in good stead for the future.
These could include signing a new contract that results in a big increase in your salary, or achieving international recognition.
As Francois Louw, World Cup winner and now a financial adviser himself put it in an interview with Rugby Pass: “Some athletes will earn more than a CEO for a span of 10 years. How many people in their 20s, regardless of their career choice, earn as much as that? It is unusual. Why not maximise those earnings?”
In each case, consulting with a financial planner can help you focus on taking the opportunity to help you secure your financial future.
Mitigating the threat of injury and career lows
As well as helping you make the most of your wealth at the peak of your career, we also understand that you may face less positive events, such as a long-term or career-ending injury, or a sudden drop in income.
The effect these can have can be drastic.
At such times, it can be reassuring to have a financial expert who understands the implications and can help you work through these difficult moments.
Furthermore, because we understand how such events can affect you, we can help you plan ahead and manage your finances in such a way as to help mitigate or avoid some of the worst effects.
Again, this can provide you with valuable peace of mind, knowing that you and your loved ones will be secure against the worst financial consequences.
You will have more than 1 career to plan for
While it is not unheard of for people to go through a career change, either through choice or necessity, for a sportsperson it is something that is inevitable and foreseeable.
At some stage, your playing career will end, and we understand that it needs to be planned for, even if the exact date is unknown.
Knowing this, we can tailor your plans to help you start looking ahead to your second career with confidence rather than trepidation.
For example, you might need to reassess your outgoings if your income drops. Or, you may want to think about how you intend to fund your lifestyle when you are fully retired.
No matter what your goals are, having an adviser who understands the game, and the demands it makes on you and your family, can be invaluable when it comes to managing your financial future.
Get in touch
If you would like to talk to an adviser who understands rugby and the challenges you face, then please do get in touch with us at DBL Asset Management.
Email enquiries@dbl-am.com or call 01625 529 499 to speak to us today.
Please note
This blog is for general information only and does not constitute advice. The information is aimed at retail clients only.
The value of your investment can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance.
A pension is a long-term investment. The fund value may fluctuate and can go down, which would have an impact on the level of pension benefits available. Your pension income could also be affected by the interest rates at the time you take your benefits.
Note that protection plans typically have no cash in value at any time and cover will cease at the end of the term. If premiums stop, then cover will lapse. Cover is subject to terms and conditions and may have exclusions. Definitions of illnesses vary from product provider and will be explained within the policy documentation.
The Financial Conduct Authority does not regulate estate planning, tax planning, or will writing.
