This news service has come across cases of wealth businesses catering to sports, media and entertainment sector clients, often with unusual and short earnings windows.

A financial industry professional and ex-professional baseball player has been named a Registered Player Financial Advisor, highlighting the crossover of sports and wealth management. (See this article here from 2012 as an example of the longstanding trend.)

Chase R Crump is a partner and financial guide at WFA – Plan | Invest |Inspire, aka WFA. 

The NFLPA runs a program that connects qualified financial advisors with current and retired NFL players to offer money and investment management services. 

The program was initiated by the NFLPA more than two decades ago. Crump will expand on WFA's existing support for collegiate, semi-professional, professional and retired athletes across a wide range of sports, as well as those involved in name, image and likeness endorsement deals. 

Crump is a registered NFLPA advisor in Louisiana.

“Many athletes come from underserved communities, and coming into sudden wealth flips their world upside down. Signing an NFL contract represents a critical juncture in an athlete’s life. As such, it’s imperative that they have a trusted advocate on their side to guide them toward sound financial decisions,” Crump said. 

Crump played in the Frontier League and was a NCAA Division III baseball player for the Louisiana Christian University Wildcats. He has a master’s degree in business. Crump has almost 20 years of financial services experience, including stints at Chase Bank and Capital One. 

(See this article for another example of how sports and wealth management intersect. US correspondent Charles Paikert - also a published author about basketball - has written about the financial opportunities in the new college athlete market.)

WFA's program is not an isolated example. This news service has come across cases of wealth businesses catering to sports, media and entertainment sector clients, often with unusual and short earnings windows. Without guidance, mistakes can happen. For example, there is a firm called Cyndeo Wealth Partners that is focused on NFL players. Another example is TRUE Capital Management, a firm that recently merged with Cresset Asset Management. TRUE looks after over 350 clients, including Deandre Ayton, Robert Griffin III, Marshawn Lynch, Nneka Ogwumike, Kelsey Plum, Albert Pujols, Logan Ryan, Richard Sherman, Breanna Stewart, and Diana Taurasi.