5 ordspråk av Wilson Hoyle

Wilson Hoyle

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For me, the biggest issue was credibility. People said 'Hey, we know you can kick a football straight, but I want someone with experience to manage my money.

The biggest obstacle John Rocker would go through is, people think of him as a relief pitcher. If John Rocker was to quit baseball today and go out to manage someone's money, I don't know if they'd want that.

I can name about 10 people who tried and didn't make it. Guys are always looking at the industry. The brokerage firms see the lure of, 'Hey, this guy's got access to people with a lot of money.' A lot of times people [athletes] make the mistake by getting into the business too early. This business is tough.

We beat them by being specialists sometimes but we also lose when a client wants more services than just corporate retirement.

If you look at the list of professional athletes who have squandered their wealth, at the heart of their poor decisions was an adviser with a conflict of interest. Just like companies, athletes need independent objective advice to make financial decisions.

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