Private Wealth Advisor with our partner Adi Dassler International Family Office., Adifo was founded by the founder of Adidas (Adi Dassler) his vision was that all soccer (football) players would have a career with Adidas once their careers were finished in football. Legends vision is the same and extension of Adifo. There are many advisors for many good institutional firms but their focus is not 100% focused on the needs of athletes. It is important that athletes have a few advisors as each firm has their own corporate structure and focus on products held specifically for those institutions. With our partner Adifo, athletes will have a wide range of wealth advisory tools and tax advisory for domestic and international business as well as personal interest unique to the athlete’s financial goals.
Alternative Investments, this is where our partnership with athletes create a powerful investment platform in strategic companies that create multiply revenue streams for 5 to 10 years depending on the exit strategy. Legends focus on companies in revenue we have a few that are pre-revenue with a working concept which capital would launch them into revenue. Real Estate is a large investment asset class here at Legends. Other areas like sustainable energy, mining, oil & gas, fin tech, medtech, and sports clubs/sports tech are asset classes we invest into. Due diligence is key when any investor is looking into opportunities, they need to have the right people around them who understands the markets, financial ego systems, and timing. We have all those people in house with successful track records who are entrepreneurs, former athletes, and investment advisors. Understanding the guts of a company; P&L, Financial forecasting, Marketing, Budgets, team building and launching a product for consumers. The basics of Entrepreneurs 101, how to surround themselves with people smarter and experienced in the areas needed to grow or scale a business. Where to find the best investment opportunities and choosing opport that create a revenue stream for 5 or 10 years. Many athletes invest in businesses with out proper vetting which can ultimately lead to financially ruin overnight. We are a team of experience investors that help athletes learn these basics and make proper financial moves with their money.
Mentoring Program in Entrepreneurship, Financial Literacy, Generation Wealth creation. In this pillar we mentor the basics of being an entrepreneur, Each athlete needs to set up an LLC in order to maximize a players income and minimize taxes. This needs to happen straight out of college and training athletes out of the gate for financial success, this is part of the financial literacy program. Adifo teaches them the tax structures, estate planning, trusts, etc. Generational wealth building is focusing on investing in strategic businesses that will create wealth with the income they earn while their contracts are active.
Emotional, Mental, Physical Charity and wellbeing. This pillar is the character building for the athlete, his and her family and children. When they get involved with specific charities or organizations they are passionate about, areas they want to give back to in the community, etc. Marty Dutch a close friend and VIP influencer ELLE Family Office Networks works with 160 charities and foundations. We can help our athletes get involved with some of these organizations or create their own. Athletes can become overwhelmed with emotional and physical stress from injuries or having success at an early age and not knowing how to deal with it. This is where we at Advocates step in and assist.