UBS Partners With Athletes Soul to Support Retiring Athletes and Adds Advisor to the Firm’s Certified Athletes and Entertainers Segment
March 14 2023 - 12:00PM
Business Wire
Additionally, Advisor Barry Porter of UBS’s Newport Beach
office, has earned the Athletes and Entertainers Consultant
designation through the UBS Athletes and Entertainers Strategic
client segment
Today, UBS announced a partnership with Athletes Soul, a
volunteer-based organization that supports athletes as they
transition into athletic retirement, to provide financial
education, resources and advice for retiring athletes.
With the partnership, UBS will provide financial education
through group events as well as personal and online programs to
help retiring athletes make informed decisions for themselves,
their families and their legacies. To launch the initiative, UBS
will host a series of interviews with former professional athletes
at the BNP Paribas Open Tennis Tournament in Indian Wells, CA.
Founded by former athletes in 2019, Athletes Soul is focused on
providing support for the whole person, and has been instrumental
in providing nutritional, physical and mental health and wellness
programs to support professional or semi-pro, Olympic and college
athletes as they transition away from sports and into new
endeavors.
“Our mission is to support athletes as they transition away from
sports by raising awareness about the challenges of athletic
retirement, and by empowering athletes to develop beyond sports
with transition and career coaching,” says former Olympian Myriam
Glez, founder and chair of Athletes Soul. “Until now, we have been
missing the financial piece of this puzzle, and we are very
gratified that UBS sees the value in working with us to provide the
wealth management education and advice that will help our athletes
make smart financial decisions.”
At the same time, Barry Porter of UBS’s Newport Beach office has
gained designation as a certified consultant within the UBS
Athletes and Entertainers Strategic segment.
UBS launched its Athletes and Entertainers Strategic Client
Segment in 2019 to provide holistic financial advice and guidance
to clients across sports and entertainment industries. The segment
is led by former professional football player, Adewale (Wale)
Ogunleye, who supports a select group of financial advisors
dedicated to serving the complex and unique needs of these groups.
Barry Porter is one of a select few advisors at the firm that have
earned the AEC designation. Barry and his team provide professional
sports and entertainment clients with insights and a complete
picture of their financial situation, focusing on tax-efficient
investing, asset allocation and the transfer of wealth between
generations.
“Retiring and professional athletes and entertainers need
seasoned and focused experts like Barry who can help them navigate
the unknowns and intricate challenges that come with being a highly
paid athlete, actor or musician,” said Justin Frame, UBS Market
Head for the Pacific Desert market that includes Southern
California, Arizona and Hawaii. “We are proud that Barry has
received his AEC designation. The value and insight he’s provided
over the years to professional athletes and entertainers, alongside
his understanding of the industry, will be extremely beneficial to
our clients. The Athletes Soul connection will help us educate
athletes early in their process of transition and we are looking
forward to helping the group expand their programs.”
UBS advisors with the AEC designation meet specific requirements
including depth of experience advising clients in the sports and
entertainment industries, a commitment to serving the athlete or
entertainer in a way that meets them at their current knowledge
level, and an extensive training program, which covers everything
from atypical income streams to special financial planning
circumstances.
About UBS
UBS convenes the global ecosystem for investing, where people
and ideas are connected and opportunities brought to life, and
provides financial advice and solutions to wealthy, institutional
and corporate clients worldwide, as well as to private clients in
Switzerland. UBS offers investment solutions, products and
impactful thought leadership, is the leading global wealth manager,
provides large-scale and diversified asset management, focused
investment banking capabilities, and personal and corporate banking
services in Switzerland. The firm focuses on businesses that have a
strong competitive position in their target markets, are capital
efficient and have an attractive long-term structural growth or
profitability outlook.
UBS is present in all major financial centers worldwide. It has
offices in more than 50 regions and locations, with about 30% of
its employees working in the Americas, 30% in Switzerland, 19% in
the rest of Europe, the Middle East and Africa and 21% in Asia
Pacific. UBS Group AG employs more than 72,000 people worldwide.
Its shares are listed on the SIX Swiss Exchange and the New York
Stock Exchange (NYSE).
https://www.ubs.com
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Beth Walsh 858-254-2845 beth@clearpointagency.com
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