FA Center: Here’s some money advice for wealthy athletes you can use off the field

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Justin McCarthy knows that when it comes to saving, investing, and planning for life ahead, there’s no off-season.

McCarthy, a New York-based managing partner and Certified Financial Planner with Mariner Wealth Advisors, works with more than 100 current and retired professional athletes. And each of his clients receives an education about having attainable, manageable financial expectations.

“A good adviser’s goal is always trying to create a focus on what your balance sheet is today, what it can be in a certain period of time, and what that lifestyle could be later on,” he says. In that light, his job isn’t simply to help assess a client’s risk tolerance or investment style, but also to help that client determine their vision.

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