"Game Plan has become the "quarterback" of my financial affairs. They are independent, objective, and always put my best interests and those of my family first."
Phone Game Plan Today
561-953-1510
Cash Flow Management | Budgeting | Planning
Cash Flow Management for Professional Athletes
Game Plan, Profit for Athletes, understands the demands placed on professional atheletes are very different from those in other professions. The amount of time and focus required during the season often times leave little timeto consider other issues. As a result, we have developed a series of cash flow management services designed to help manage liquidity concerns. A list of these services include:
-
Preparation & Monitoring of Monthly Budget - Athletes typically earn their income in a period less than twelve months, so they have a solid understanding of their monthly expenses to ensure that there is adequate liquidity and resources available on an annual basis. Game Plan will work with the player to prepare, monitor and review monthly income and expenses and make any necessary adjustments deemed necessary.
-
Preparation of Annual Forecasted Cash Flow - Mapping a player’s contract to take into account anticipated fixed and variable expenses along with all projected income. Realizing the financial impact of that contract allows the player to identify and quantify savings goals.
-
Preparation Personal Financial Statements - Net Worth and Income Statements are useful in many ways. They report the financial condition of the player and are commonly requested when applying for financing or in legal matters.
-
Preparation of Monthly Cash Receipts and Disbursements Report - Detailed tracking of income/expense and cash flow.
-
Personal Bill Pay & Bank Reconciliations - When an athlete is in transit, this service allows all bills to be received and paid in a timely manner. This service also encompasses establishing bank accounts, monthly required wire transfers and ACH’s for allowances, family, purchases, etc.
-
Annual Insurance Coordination - Game Plan will facilitate and coordinate the application process and help determine the proper carriers and the most suitable insurance coverage for the player for all types of insurance such as disability, personal auto, homeowners, renters, umbrella and life.
-
Purchase & Sale Coordination of Big Ticket Items - We will recruit and coordinate all required professionals for, as well as oversee from transaction to completion the purchase or sales of luxury items such as homes, vehicles, vacation properties, etc.
Contact Us
If you are seeking assistance with budgeting, bill pay, insurance coordination, or are simply seeking a specialist in cash flow management for athletes then Game Plan, Profit for Athletes, is the firm to consider. In a brief consultation we can assess your needs and determine the best way to proceed. For additional information, click here to contact a Game Plan representative.
