NIL Financial Planning for Student-Athletes

Since its introduction in 2021, the Name, Image, and Likeness (NIL) initiative has been steadily reshaping the collegiate athletics landscape. It provides student-athletes with a range of opportunities, including:

  • Harnessing their personal brand for financial gain
  • Developing robust financial planning skills
  • Establishing economic stability for themselves and their families

Income from NIL can quickly become quite significant. In fact, many successful pro athletes use their NIL to generate more income than they make playing their sport.

The opportunities are exciting for young athletes. However, NIL also presents a new set of complex considerations and financial responsibilities for student-athletes.

In this article, we explore:

  • The must-consider items for student-athletes with NIL income
  • Financial planning considerations for student-athletes with NIL income
  • Characteristics to seek when engaging a trusted wealth management advisor

Read the full article on the PBMares Wealth Management website.


Michael MaglieriMichael Maglieri, CFP®
Wealth Advisor
As a member of PBMares' Wealth Management team, Michael helps clients with comprehensive financial plans, investment analysis, insurance, and estate planning, business exit planning, and retirement plan administration.

The content of this post is accurate as of the date below. Always ensure you are reviewing the most recent information available. Contact your tax advisor if you need clarification.

2024-03-26T10:01:39-04:00March 26, 2024|Categories: Wealth Management|Tags: , , |


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