FINVIA
FINVIA
Podcast
21.12.2023
With FINVIA Sports, FINVIA is focusing on the special financial needs of professional athletes for the first time. It has the support of co-founder, former national team player, team manager and entrepreneur Oliver Bierhoff. His industry knowledge in the sports sector coupled with the expertise of the family office form the foundation for a completely new range of products.
Those who are successful in professional sport find themselves in a context unlike any other. The active playing season is characterized by lucrative contracts and high salaries - a circumstance that leads to conclusions about long-term financial security. But the truth is different.
An average career in this field only lasts around 8 years. Even during this time, 20% of athletes get into financial difficulties, and this figure rises to 50% after their career ends. This is a fact that is repeatedly highlighted negatively in the media. But how do these figures come about? The answer can be found by looking at the athletes' particular circumstances.
One aspect they share with many other wealthy people is a lack of overview of their finances. This is aggravated by the fact that their income is based on fixed-term contracts. They often do not know exactly what capital they actually have, when they can expect to receive what amounts or how high their expenses really are. This makes it almost impossible for them to make reliable predictions.
Anyone who wants to remain successful in the sports sector is constantly training and preparing for the next competition. This constant physical and emotional tension, coupled with the associated obligations such as traveling and media presence, comes at a high price. As a result, few find the opportunity to take the necessary time off to fundamentally build and manage their wealth .
Due to their attractive income, professional athletes are often confronted with providers of varying degrees of seriousness and their promises. As a result, they develop a pronounced skepticism about financial services and find it difficult to build trust and select reliable partners. Even if they have the will to take care of their future, where should they start? And who can they rely on?
By founding FINVIA Sports, the Family Office is demonstrating that it has internalized the needs of this special target group and offers targeted services to overcome the challenges mentioned. The key factors here are intelligent strategies, comprehensive expertise and a deep understanding of the sports sector and the life situation of athletes and their families.
Inspired by sport itself, the aim is to form an excellent team that combines all strengths and accompanies its customers on their long-term journey through life - both during and after their active career.
FINVIA Sports is the product of merging two worlds for the benefit of competitive athletes of all kinds. On the one hand 90 experienced experts from a wide range of investment areas, from equities and real estate to alternative asset classes such as private equity, provide an indispensable knowledge base. On the other hand, the team includes former athletes themselves, who enrich it with their personal experience and form the basis for an empathetic communication structure at eye level.
Strategy means making the right decisions at all times andinvesting wealth efficiently. This requires capital to be planned, precisely forecast and intelligently distributed across asset classes. In order to achieve this profitably, factors such as the current career status, the remaining duration and personal goals play an essential role. These are not only taken into account when drawing up the "game plan", but also in its proactive and long-term management.
Few life stories are as closely linked to sport as Oliver Bierhoff's. He was a national soccer player, European champion, manager of the team that won the World Cup in 2014 and has experience in founding and managing companies himself. He knows the players' perspective first-hand and can empathize with their hurdles and successes like no other. This experience and his unique industry knowledge in the sports sector coupled with his extensive network make him an indispensable part and visionary of FINVIA Sports.
Want to learn more? Click here to go directly to FINVIA Sports.
FINVIA
21.12.2023
Mathias Jauch
FINVIA Sports is the name of the new offer from FINVIA in cooperation with Oliver Bierhoff. An offer that is particularly aimed at professional athletes. But what exactly does this mean and how do their needs differ from those of other Family Office customers? In his article, co-founder Mathias Jauch explains what is important for wealth management in the sports sector.
With FINVIA Sports, FINVIA is focusing on the special financial needs of professional athletes for the first time. It has the support of co-founder, former national team player, team manager and entrepreneur Oliver Bierhoff. His industry knowledge in the sports sector coupled with the expertise of the family office form the foundation for a completely new range of products.
Those who are successful in professional sport find themselves in a context unlike any other. The active playing season is characterized by lucrative contracts and high salaries - a circumstance that leads to conclusions about long-term financial security. But the truth is different.
An average career in this field only lasts around 8 years. Even during this time, 20% of athletes get into financial difficulties, and this figure rises to 50% after their career ends. This is a fact that is repeatedly highlighted negatively in the media. But how do these figures come about? The answer can be found by looking at the athletes' particular circumstances.
One aspect they share with many other wealthy people is a lack of overview of their finances. This is aggravated by the fact that their income is based on fixed-term contracts. They often do not know exactly what capital they actually have, when they can expect to receive what amounts or how high their expenses really are. This makes it almost impossible for them to make reliable predictions.
Anyone who wants to remain successful in the sports sector is constantly training and preparing for the next competition. This constant physical and emotional tension, coupled with the associated obligations such as traveling and media presence, comes at a high price. As a result, few find the opportunity to take the necessary time off to fundamentally build and manage their wealth .
Due to their attractive income, professional athletes are often confronted with providers of varying degrees of seriousness and their promises. As a result, they develop a pronounced skepticism about financial services and find it difficult to build trust and select reliable partners. Even if they have the will to take care of their future, where should they start? And who can they rely on?
By founding FINVIA Sports, the Family Office is demonstrating that it has internalized the needs of this special target group and offers targeted services to overcome the challenges mentioned. The key factors here are intelligent strategies, comprehensive expertise and a deep understanding of the sports sector and the life situation of athletes and their families.
Inspired by sport itself, the aim is to form an excellent team that combines all strengths and accompanies its customers on their long-term journey through life - both during and after their active career.
FINVIA Sports is the product of merging two worlds for the benefit of competitive athletes of all kinds. On the one hand 90 experienced experts from a wide range of investment areas, from equities and real estate to alternative asset classes such as private equity, provide an indispensable knowledge base. On the other hand, the team includes former athletes themselves, who enrich it with their personal experience and form the basis for an empathetic communication structure at eye level.
Strategy means making the right decisions at all times andinvesting wealth efficiently. This requires capital to be planned, precisely forecast and intelligently distributed across asset classes. In order to achieve this profitably, factors such as the current career status, the remaining duration and personal goals play an essential role. These are not only taken into account when drawing up the "game plan", but also in its proactive and long-term management.
Few life stories are as closely linked to sport as Oliver Bierhoff's. He was a national soccer player, European champion, manager of the team that won the World Cup in 2014 and has experience in founding and managing companies himself. He knows the players' perspective first-hand and can empathize with their hurdles and successes like no other. This experience and his unique industry knowledge in the sports sector coupled with his extensive network make him an indispensable part and visionary of FINVIA Sports.
Want to learn more? Click here to go directly to FINVIA Sports.
About the author
Mathias Jauch
Together with FINVIA, he developed FINVIA Sports, which is specially tailored to professional athletes and their needs.
He himself had a promising career as an athlete at a young age, which came to an abrupt end due to injuries. Instead, the world of finance opened new doors for him and he worked at HypoVereinsbank/UniCredit in various positions for over 10 years. Most recently, his focus was on wealth management, where he looked after the wealth of entrepreneurs and professional athletes alike.
All this experience ultimately led to the founding of FINVIA Sports together with Torsten Murke and Oliver Bierhoff.
