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Wealthspire Launches $2.9B Sports and Entertainment Practice
Wealthspire Advisors has launched a dedicated practice serving athletes, entertainers and other high-net-worth clients in sports and entertainment, overseeing $2.9 billion in assets. The move reflects growing competition among wealth managers to capture earnings from clients with irregular, high-value income streams and complex needs around contracts, taxes and careers. Industry watchers see it as part of a broader trend of advisory firms building specialized teams for this clientele.
Why now: The launch highlights growing competition among wealth managers to court high-earning athletes and entertainers.
Evidence
- Wealthspire Launches $2.9B Sports and Entertainment Practice · Wealth Management
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