Boston Private Teams Up with Sports Academy to Provide Education to Athletes
February 13 2017 - 10:04AM
Business Wire
Boston Private, a leading provider of wealth management, trust
and private banking services, joined forces with Sports Academy, an
all-inclusive sports and fitness facility located in Thousand Oaks,
California that is dedicated to creating full-circle athletes of
all ages and skill levels, to host an educational session for
athletes training for the upcoming NFL Combine.
According to a recent study by the National Bureau of Economic
Research, one in six NFL players files for bankruptcy within twelve
years of leaving the league—despite earning an average of $3.2
million over their career.1 A 2009 Sports Illustrated study
suggests the number is as high as two out of every three players,
if serious financial distress is included. Educating athletes
early in their careers about the unique world they are about to
enter is a good first step to help avoid mistakes. This theme was
the focus of the discussion, “What to Expect when you Become a
Professional Athlete,” led by Gerald Graves, Executive Managing
Director at Boston Private Wealth, who manages its Entertainment
Media Sports Division.
“We’ve all heard stories about athletes and money,” said Graves.
“Educating this group of disciplined, competitive and successful
young men about the world they are poised to enter, the uniqueness
of their compensation, and providing basic financial reminders will
help them be better prepared for success.” Graves was also
joined by current NFL players Akeem Ayers of the Indianapolis Colts
and Hayes Pullard of the Jacksonville Jaguars, who shared their
experiences with the group.
“Sports Academy employs a Full Circle approach that gives
athletes everything they need to be prepared for any physical or
mental challenge they may face at the NFL Combine,” said Chad
Faulkner, Chief Executive Officer of Sports Academy and co-sponsor
of the seminar. “We provide players tools to help them reach their
ultimate goal of acing the biggest job interview of their athletic
career and become a player in the NFL. We are committed to exposing
these young men to the ideas, examples, and education that can help
them on the field of life – including this session, focusing on
what to expect in their next phase of life.”
# # #
About Boston Private
Boston Private is a leading provider of fully integrated wealth
management, trust and private banking services. For more than 25
years, Boston Private has taken a highly personalized approach to
serving the complex financial needs of individuals, families,
business owners, private partnerships, nonprofits and community
partners. Boston Private is also an active provider of financing
for affordable housing, first-time homebuyers, economic
development, social services, community revitalization and small
businesses.
Headquartered in Boston, Boston Private has 35 offices across
the U.S. including Boston, San Francisco, San Jose, Los Angeles and
Palm Beach. Private banking and trust services are provided through
Boston Private Bank & Trust Company. Wealth management services
are provided through Boston Private Wealth LLC, an SEC registered
investment adviser and a wholly owned subsidiary of Boston Private
Bank & Trust Company.
Boston Private Bank & Trust Company is a subsidiary of
Boston Private Financial Holdings, Inc. (NASDAQ: BPFH). For more
information, visit www.bostonprivate.com
About Sports Academy
Sports Academy is the only fully integrated, multi-disciplinary
athletic training campus on the west coast, specializing in
training athletes of all ages and ability levels to perform at
their optimal state. By combining sports skill and performance
training assets with full medical and recovery capabilities,
state-of-the-art technology (Biomechanics Lab, Mindset Lab) and the
most accomplished coaches, trainers and service providers, Sports
Academy has forever changed how any athlete gets better with their
Full Circle Training methodology. For more information, please
visit http://sportsacademy.us
*1 Source: National Bureau of Economic Research, Bankruptcy
Rates among NFL Players with Short-Lived Income Spikes, April
2015
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version on businesswire.com: http://www.businesswire.com/news/home/20170213005693/en/
EMS:Boston Private Wealth LLCGerald J GravesExecutive
Managing
Director424-653-5015ggraves@bostonprivate.comorMedia:Steve
Brownell, 617-912-4402sbrownell@bostonprivate.com
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