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Athletes and Financial Investment Firms The Growing Concern for Long-term Financial Stability I Introduction The goal for a large majority of individuals in todays society is to achieve maximum financial stability in the shortest period of time possible However most do not achieve this goal as expeditiously as they once had hoped It is for this reason that a majority of individuals view their success in relation to what one obtains in the form of both material goods and financial acquisitions Does the acquisition of material goods or financial gains insure financial stability Is there peace of mind for an individual once these goals of procurement are achieved Is there anyway to insure financial peace of mind The simple answer would be to become a professional athlete to win the lottery or marry into Bill Gates family However these are all long shots for a majority of the world But even these do not guarantee long-term financial stability That is why it is becoming increasingly important to possess a high level of competency in the area of wealth management What exactly is wealth management Wealth management is the proficient administration of ones total assets through financial planning and accurately allocating wealth to achieve a financial goal Financial planning integrates the execution of various financial services which promote growth and stability of an investors wealth Planning is differentiated according to the specific needs and focus of individuals A high-net-worth individual would bear distinct goals that differentiate from that of a small-time investor Albeit that these investors may have unique objectives the necessity for a competent provider of such financial services is evident The world of finance is unpredictable and continuously shifting Investors find themselves overwhelmed by intimidation caused by the perception that investment firms are bottom-line oriented with no regard to their personal financial goals As a result investment firms are making resilient efforts to educate investors and offer them extended financial
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