For professional & junior athletes
Your career is a window.
The plan decides what it pays for.
Fee-based fiduciary planning in Stuart, Florida for NHL, NBA and NFL professionals, junior and NIL athletes — and the families behind them.
A professional athlete’s financial life is unlike anyone else’s: peak earnings arrive in your twenties, compressed into a career measured in years rather than decades, taxed across every state you play in, and watched by people selling risky ideas. Davies Wealth Management builds plans for exactly this shape of career. As a fiduciary, we are required to act in your best interest when providing investment advice — and our compensation is transparent and disclosed, so you always know how we are paid.
The playing field
Three problems every athlete plan must solve
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The compressed window
Most careers end long before traditional peak-earning years begin. The money earned early has to fund the decades that follow — which changes how much you save, where you hold it, and how it’s invested.
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“Jock tax” complexity
Athletes owe tax where they play, not just where they live. Florida’s lack of a state income tax is a real advantage — but not a free pass, and cross-border careers add another layer.
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Visibility risk
Public earnings make athletes targets for bad deals and pressure from their own circle. A written plan — and an adviser required to put your interest first when advising you — is the defense.
First hundred days
The 100-Day Rookie Financial Plan™
The first hundred days after a contract or NIL deal set the pattern for everything that follows. Our structured program walks new professionals and their families through banking, budgeting off an irregular paycheck, tax setup, protection, and the first investment decisions — in the right order.
🏒 Hockey Edition
Entry-level contracts, two-way deals, cross-border pay and the CHL-to-pro path.
View the Hockey track →
🏈 NFL Edition
Rookie contracts, bonus timing, and building a base before year two.
View the NFL track →
🎓 NIL Track
Name-image-likeness income in school: taxes, eligibility-aware structure, first savings.
View the NIL track →
From someone who lived it
In conversation with Denis Potvin
Hall of Famer Denis Potvin sat down with Thomas Davies to talk about what actually happens to a player’s money across a career — the locker-room pressures, the deals that find you, and what he wishes every young player understood about the years after the game.
Based in Stuart on Florida’s Treasure Coast — where many players build their off-season and after-career home base.
Go deeper
Athlete resources from our team
- NHL player pensions explained — what families should know
- NHL pension calculator (2026)
- Turning an NHL pension into retirement income
- Cross-border planning for players moving to Florida
- What contract structure means for your finances
- NBA career finances: how long careers really last
- Life after sports: planning the second career
Straight answers
Frequently asked questions
Why do professional athletes need a specialized financial advisor?
Because an athlete’s income arrives early, peaks fast, and ends abruptly — the opposite of a typical career. Planning built for a 40-year earning curve doesn’t fit a career measured in years, so athletes need advice built around a compressed window, multi-state taxation, and a long life after the final season.
How is Davies Wealth Management paid when working with athletes?
We are a fee-based fiduciary firm: our primary compensation is transparent advisory fees, and any insurance or annuity commissions are disclosed before you make a decision. We are required to act in your best interest when providing investment advice.
Can you work with a junior or college athlete who has NIL income?
Yes. NIL income is taxable self-employment income with real filing obligations, and it often arrives before a player has any financial infrastructure. The NIL track of our 100-Day Rookie Financial Plan™ covers tax setup, simple structure, and first savings while protecting eligibility considerations for your school and league.
Does living in Florida mean an athlete pays no income tax?
Not entirely. Florida has no state income tax, which is a genuine advantage for Florida-based athletes — but players still owe tax in many of the states and provinces where they play, under the so-called “jock tax” rules. Residency planning helps; it doesn’t eliminate away-game obligations.
What should a family do in the first weeks after a son or daughter signs a contract?
Slow down and sequence the decisions: set up the right accounts, understand the pay schedule, handle tax withholding, and put protection in place before making any investment. That ordered first-hundred-days process is exactly what our Rookie Plan tracks walk families through.
Start the clock
Talk to us about your career’s plan
A conversation costs nothing — and the earlier the plan starts, the more of the window it protects.
Prefer to start on your own? Download the free athlete playbook.
Davies Wealth Management, LLC is an investment adviser registered with the State of Florida. Registration does not imply a certain level of skill or training. This page is for educational purposes only and does not constitute individualized investment, tax, or legal advice. Investing involves risk, including the possible loss of principal.
We can help you make the most of what you have!