The unit will offer advice for established as well as upcoming talents in sports and entertainment. Credit: Fitsum Admasu on Unsplash.

Succession Wealth has launched Succession Sports & Entertainment, a specialist wealth planning advice arm for sports and entertainment professionals.

The unit will offer advice for established as well as upcoming talents in sports and entertainment industries. It will also assist professionals seeking to start a second career or to retire.

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Leveraging cashflow modelling technology, the service will forecast finances and offer a visual guide to possible future outcomes.

Succession’s financial planner Ehson Dejahang and several other team members, who are working within the sports and entertainment segment, will be responsible for the new unit.

Commenting on the development, Dejahang said: “Succession has a history of supporting high-profile sporting and entertainment stars, and the launch allows us to build on this experience, working with these individuals to ensure they are making good financial decisions from the very start of their career.

“While sporting careers can often be short, and earnings sporadic in the world of entertainment, these professionals can also have multiple careers, so we want to be there for them throughout that process.”

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Succession intends to work with professionals from the initial stages of their career and collaborate with experts and their family members to ensure their long-term financial well-being.

In addition, the unit will partner with football academies and schools to impart money management skills and financial knowledge to students and young players.

Succession chief commercial officer said the launch of the new unit is another example of the company’s strengthening its proposition while providing maximum value for clients in these unique industries.