RT Buy Side from WSJ (@BuySideWSJ)Explore various fee structures associated with hiring a financial advisor in 2025.https://t.co/0LuVbt9exp ...

Financial Planning for Athletes - Creative Planning assists professional athletes in managing and investing their money, especially after receiving large sums [1][2] - The key is to save the money until understanding how to manage it properly [3] - Sudden wealth can disappear quickly if not managed well [4] - Financial service providers (financial advisors, estate planning attorneys, CPAs) should communicate with each other to avoid inefficiencies [12][13] Advice for Young Athletes - Living better than peers your age is already a win; avoid comparing yourself to others in terms of spending [6] - Consider using the money for down payments on homes or helping family [7] - Only 50% of NBA first-round picks get a second contract with the same team [7] NIL (Name, Image, Likeness) and College Sports - Some high school athletes are being offered major six-figure NIL deals before starting college [10] - The sustainability of college sports ecosystems with NIL money is unclear [10] - There are state-by-state rules regarding whether players can get paid at a young age [11]