JPMorganChase has introduced an Athlete Council designed to address the financial circumstances faced by sports professionals throughout their careers and into retirement.
The council, composed of athletes from various disciplines, will work with JPMorganChase leadership to identify the specific needs of this group and inform the development of support initiatives.
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Among those joining the council are Tom Brady, Dwyane Wade, Megan Rapinoe, Kayvon Thibodeaux, Alex Morgan, Jalen Brunson, Sue Bird, A’ja Wilson, and Ally Love.
Dwyane Wade will chair the new council.
The members will meet periodically to discuss topics relevant to athletes’ financial wellbeing.
Other measures announced include the establishment of an Athlete Center of Excellence staffed by professionals experienced in working with athletes, as well as outreach programmes at universities and sports events aimed at delivering financial education tailored to athletes.
JPMorganChase also works with League One Volleyball and Hudl on financial education partnerships.
The bank clarified that involvement with the council or participation in its events does not equate to an endorsement of its investment or wealth management services.
J.P. Morgan Wealth Management CEO Kristin Lemkau said: “An athlete’s career and earning power are unique.
“Careers can be short and retirement unexpected. We want to develop a programme by athletes for athletes to help them from college to professional sports to retirement. Every athlete on this Council has been deeply committed to paying it forward to help the more than 500,000 college, working and retired athletes avoid some of the same pitfalls they stepped in. At JPMorganChase, we can help every athlete regardless of income level manage their financial plan for the future.”
