PMG Private CFO Services is the only tax-centric organization that serves as the CFO for each of their clients and handles all of their day to day financial management.

​

After working with hundreds of professional athletes for more than two decades, we have seen it all. Spending too much on unnecessary expenses, giving excessively to friends or family members and allowing someone else to take charge can seem to be minor in scale at the onset but can be significant drags overtime on their ability to save sufficiently. Assuming that they are wise with their spending, the majority of pro athletes still lose as much as half of their gross income to taxes.

 

It is imperative that the professional athlete runs their personal finances like a business and realize what the impact of each and every decision can have on their future. Instead of taking the time and putting in the effort to make sure that they are adhering to a plan and have a true grasp on where they are financially, the majority make decisions based on their bank balance at the time and with little consideration of the future impact while conceding to the IRS and the states whatever they request in taxes.