Blessed with otherworldly skills, and holding records, rings and trophies as proof, professional athletes are seen as the true icons of their time. Adults admire them, kids want to grow up to be th…
Blessed with otherworldly skills, and holding records, rings and trophies as proof, professional athletes are seen as the true icons of their time. Adults admire them, kids want to grow up to be them — the world’s their oyster.Let’s face it: nothing’s guaranteed in any profession. Getting that first foothold, climbing up to the top, staying at the top – it’s tough for everybody everywhere.
In recent years, a variety of tools and technologies have been developed to spread that wealth to a diverse range of business interests outside the sports world. Many champions of the court, field and gridiron are partnering with finance experts and accessing business resources to advance their entrepreneurial interests. Athletes are ensuring their financial futures by managing their brands efficiently and securely with the help and support of institutions like City National Bank.
Coaching and broadcasting slots are few and far between, and people capable of successfully making such career shifts within the sports arena are even fewer. The new generation of athlete-entrepreneurs are tapping into industries as far afield as venture capital, real estate, fashion and spirits to build their fortunes.Many athletes are built-in influencers. They’re harnessing their star power on social media and they’re reaching audiences like never before.
One of the unique aspects of City National Bank is its technology ecosystem. AgilLink, an affiliate of the bank, is a family office services platform providing multi-client bill pay and client accounting. This technology is specifically designed for firms that serve high net worth clients such as business managers and family offices.