National Football League Player’s Association (NFLPA) Financial Advisor Program An athlete has a certain amount of time that they are working and making money before they start living off of their nest egg. They cannot afford to trust just anyone with their money. Ted Young, MSFS is proud to be registered with the National Football League Player's Association (NFLPA) Financial Advisor Program. The Financial Advisors Program, the first of its kind in professional sports, is designed to protect NFL players against fraud and unfair practices by financial advisors. The program currently gives players access to approximately 270 financial advisors whose backgrounds have been pre-screened by the NFLPA. Some key features of the NFLPA Registered Player Financial Program are: - A Financial Advisor (FA) must have appropriate professional qualifications to be eligible to participlate. These qualifications include a college degree, a minimum of 3 years of relevant experience in financial services or a Master's degree such as an MBA or a Master's in Finance or J.D. A FA must be registered and hold some form of professional designation such as Certified Financial Planner, CFA charter holder, or FINRA qualification (ie.
Series 6 or 7 &, 63 or 65). A FA is subject to background checks and due diligence. No FA will be eligible to participate in the program if he or she has a criminal record, civil judgement or regulatory history relating to fraud and similiar offenses.
A FA is educated as to the specific needs of players, and likewise the players are educated concerning sound financial practices. Additionally, Ted is able to provide to players the concierge service of Wealth Management Solutions (WMS). This allows his clients to 'see' their investments, liabilities, and assets in one location. We believe that WMS is one of the best ways to stay on top of and tuned into your financial situation.
For disclosures regarding the NFLPA, please click on the disclosure link below. Ted Young is an agent licensed to sell insurance through New York Life Insurance Company and may be licensed with other insurance companies in the states of California (CA Insurance Lic.# 0768386), Oregon, Nevada, Arizona, New York, and Florida.
No insurance business may be conducted outside these states referenced. Ted Young is a Registered Representative offering securities products & services through NYLIFE Securities LLC, Member /, a Licensed Insurance Agency, 1329 H Street, Sacramento, CA, 95814, (916) 447-6298. In this regard, this communication is strictly intended for individuals residing in the states of California, Arizona, Oregon, Nevada, Colorado, Utah, Florida, Michigan, Connecticut, Hawaii, Idaho, Illinois, New Jersey, New York, Pennsylvania, South Carolina, Virginia, Montana, Massachusetts and Georgia. No offers may be made or accepted from any resident outside the specific states referenced. Ted Young is also separately registered as an investment adviser representative under Eagle Strategies LLC, a Registered Investment Adviser, offering investment advisory services in the states of California, Arizona, Oregon, Colorado, Utah, Florida, Connecticut, New Jersey, Pennsylvania, South Carolina and Massachusetts.
As such, these services are strictly intended for individuals residing in those states. Ted Young is a Financial Advisor with Eagle Strategies LLC (Eagle).
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Eagle is a registered investment adviser and wholly owned subsidiary of New York Life Insurance Company. Financial Strategies of California is not owned or operated by Eagle or any affiliates.
Financial Strategies of California is not owned or operated by NYLIFE Securities LLC or its affiliates. Neither Financial Strategies of California or its employees nor NYLIFE Securities LLC or its agents or affiliates provide tax, legal or accounting advice.
Please consult your own tax, legal, or accounting professional before making any decisions. Regarding the NFLPA: Neither New York Life Insurance Company, Eagle Strategies LLC nor any affiliates, employees, etc endorse or are affiliated with the NFLPA and the involvement of Ted Young and/or Financial Strategies of CA is independent of New York Life Insurance Company and any affiliates. The NFLPA Registered Player Financial Advisor Program does not guarantee against any fraud or investment risk/loss/gain. For NFLPA guidelines and regulations for this program, please see.
Brady with the during training camp in 2007 No. 80, 81, 88 Position: Personal information Born: ( 1972-01-14) January 14, 1972 (age 46) Height: 6 ft 6 in (1.98 m) Weight: 278 lb (126 kg) Career information High school: College: NFL Draft: / Round: 1 / Pick: 9 Career history. (–). (–). Career highlights and awards.
High School All-American. Champion (2007) Career NFL statistics: 343 Yards: 3,519: 25 Player stats at Kyle James Brady (born January 14, 1972 in ) is a former professional player. He played for 13 seasons in the for the, and. He was the Jets' first round draft choice in the. Contents. Early years Brady attended Highland Elementary School, Lemoyne Middle School, and, all in the. While attending in, Brady lettered in football, basketball, and baseball.
In football, he was a first team All-USA selection, a All-America selection and, as a senior, was the Pennsylvania Player of the Year, and the recipient of the Bobby Dodd Award (which is given to the nation's top offensive lineman) given by the Touchdown Club of Atlanta. College career At, Brady was a two-time All- selection, and a consensus All-America choice as a senior. During his senior year in 1994, he helped his team to an, a conference championship, and the school's first victory.
He was ranked seventh in the all-time reception list for the school. He graduated with a degree in exercise and sports science in 1995. Professional career New York Jets Brady was selected by the in the first round (9th overall) of the, much to the chagrin of the Jets fans in attendance.
The fans wanted the team to draft and showed it by chanting ' We want Sapp! We want Sapp!' Jacksonville Jaguars Brady went on to sign with the in 1999 and had his best year in the NFL with the Jaguars. In the season, he set career highs with 64 receptions and 729 receiving yards.
He was the Jaguars' Man of the Year in 2003. Brady had a reputation with the Jags as a very durable player, having only missed nine games in his twelve seasons in the NFL, and was also known as an outstanding blocker. New England Patriots His reputation as a durable blocker helped him to land a two-year contract on March 3, 2007 with the New England Patriots to replace departing free agent at tight end. Patriots coach was known to have been enamored with Brady dating back to 1995 while he was head coach of the. Belichick had reportedly planned to draft Brady that year with the 10th pick—one pick after the Jets drafted him. When Brady was selected, Belichick traded down to the 30th pick.
Microcal origin 6.0 download. One website went as far as to label Brady 'Belichick's.' Despite nagging injuries, Brady played in 14 games for the Patriots in, catching nine passes for 70 yards and two touchdowns, culminating with. He was released by New England on February 29, 2008, and retired shortly thereafter. Broadcasting Brady was a participant in the, a two-week program held at the top American for NFL players preparing for careers after football. Brady attended the workshop at the in February and March 2008. In June 2009, Brady took part in the 2009 NFL/ 'Broadcast Boot Camp,' a program designed by the NFL Broadcasting Department and their broadcast partners to prepare players for possible post-playing careers in broadcasting.
Brady was an analyst for before being hired by the as a football analyst for the 2009 season, where he was partnered with Rick Pizzo on the Big Ten Football Saturday: Pre-Game Show. Law Brady became a licensed financial advisor in 2009 before enrolling at the in, in 2010.
He graduated in May 2013, interned with, and passed the bar later that year. He plans to use his combined financial and legal training to advise former NFL players on how to avoid financial pitfalls, along with real estate, securities law and estate planning. Personal life Brady and his wife Kristin have three children. They live in. Brady's father was born in Chadwell Heath, Romford, Essex UK, he played Minor League Baseball for two seasons. Brady traced his Irish roots to Ballinagh co.
Cavan, Turlough Co. Mayo and Tierneevin and Ballingarry Co. His Grandfather, Great Grandfather and Great Great Grandfather were members of the A 2004 article noted Brady is a buff. In 2004 Brady earned his pilot’s license.
On March 21, 2009, he threw out the at opening day ceremonies for the Athletic Association. He served as honorary chairman of the 2009.
On June 24, 2014, He was selected as honorary chairman for the Global Ireland Football Tournament He was honorary captain of the Jags for the coin toss at the NFL game Vs the Colts 2nd Oct 2016. He also attended many NFL events in London that week. Notes and references. 2007-10-09 at the. 2006-03-28 at the. Ultimate Jaguars. Retrieved 2008-03-01.
^ Gross, Mike (2009-03-08). Archived from on 2009-03-11. Kirdahy, Matthew (2008-02-29). Retrieved 2009-03-30.
NFL Players Association. Jacksonville Jaguars. ^ Frenette, Gene (2013-09-11).
Penn State Department of Sports Information. 2007-10-09 at the. Archived from on 2014-08-26. Retrieved 2014-08-22.
Toland, Jennifer (2008-02-01). Retrieved 2017-08-12. Archived from on 2011-07-08. External links., Gene Frenette, September 11, 2013.
The NFLPA is the only players association to institute a financial adviser registration program. This may seem laudable at first glance, but the structure of the program is so fatally flawed that not having a program at all may arguably be less harmful to players. Currently, players are provided a list of registered advisers that have met the NFLPA’s requirements.
This leads a player to believe that these advisers have been vetted and will provide sound financial advice. Players may even believe that the advisers have special knowledge regarding the unique situation of NFL careers, but this is not necessarily the case. For example, Kirk Wright was approved as an adviser by the NFLPA in 2005. The following year, Kirk Wright’s financial firm, International Management Associates (“IMA”) collapsed. Kirk Wright was convicted of securities fraud and money laundering for a scheme involving over $150 million.
This was the exact type of fraudulent behavior the NFLPA’s program claimed it was designed to protect against. Furthermore, a federal district court dismissed players’ claims against the NFLPA in relation to Wright’s actions because the court found the NFLPA bore no liability.
So then who does the NFLPA’s program actually protect? In 2012, the NFLPA updated requirements to its Financial Advisor Program. This was done mainly in response to the case that arose out of the Kirk Wright scandal, Atwater v. Players Ass’n 626 F.3d 1170 (11th Cir. The new requirements include, eight years of licensed experience (increased from five years), a minimum of $4 million in professional liability insurance (there was previously no minimum), and an adviser must indemnify the NFLPA against any lawsuits a player might bring against it.
The new requirements, with the exception of the years of experience, are self-serving to the NFLPA in mitigating potential liability.: 1. Bachelor’s degree from an accredited university. Minimum of eight (8) years of licensed experience (qualifying licenses include FINRA series licenses, Attorney, CPA or an insurance license). Minimum of $4 million of insurance coverage, through professional liability, errors & omissions or a fidelity bond.
No civil, criminal or regulatory history related to fraud. No pending customer complaints or litigation at the time of application. Must not maintain custody of player funds unless deemed a qualified custodian.
The American Institute of Certified Public Accountants (AICPA) co-developed the Certified in Entity and Intangible Valuations (CEIV) credential to address fair value measurements for entity and intangible asset valuations for financial reporting. Candidates who have passed the CFA Program Level III exam are eligible for credential reciprocity that gives qualified candidates an exemption to the valuation competencies portion of the CEIV credential.
These candidates will still have to meet the fair value measurements competencies, which are: 1) 3,000 hours of fair value measurements experience; 2) Complete AICPA’s CEIV and Professional Standards Education; 3) Pass CEIV Exam: Module 1 on Fair Value Measurement Environment, Guidance and Related Auditing Requirements and Module 2 on the Mandatory Performance Framework. Learn more about the. The American Society of Appraisers (ASA) is an international organization of professional appraisers representing all appraisal disciplines: Appraisal Review and Management, Business Valuation, Gems and Jewelry, Machinery and Technical Specialties, Personal Property and Real Property. After analysis and research into the rigorous curriculum and education hours required to obtain the CFA charter, the Business Valuation Committee of the ASA determined the CFA credential deserved education equivalency.
CFA charterholders with five years of full-time business valuation experience now qualify for ASA’s education equivalency. Qualifying charterholders will not be required to take ASA’s BV201 through 204 classes or exams. To obtain an ASA designation, CFA charterholders must take a Uniform Standards of Professional Appraisal Practice (USPAP) course, meet ASA’s ethics requirements, and submit a report for peer review. Additionally, ASA offers the Certified in Entity and Intangible Valuation™ (CEIV™) Credential. Those holding a CFA designation with at least five years of full-time business valuation experience meet the business valuation education requirements.
To obtain the CEIV credential Charterholders would have to complete a shorter path by passing the CEIV exam and meeting the minimum valuation experience requirements and minimum fair value measurement experience requirements. The Certificate in Investment Performance Measurement (CIPM) program from CFA Institute delivers practice-based approaches and skills for effective investment performance and risk evaluation, manager selection, and investment reports. All CFA charterholders and candidates who have passed the CFA Program Level III exam are automatically granted an exemption from the CIPM Principles exam and are eligible to enter and complete the CIPM program directly at the Expert level.
The Principles exam exemption is an acknowledgement that CFA charterholders, and those who have successfully passed the Level III CFA exam, have already mastered the curriculum and key learnings covered in the Principles level course of study. The Certified Credit Research Analyst (CCRA) is a comprehensive global education program designed to give an expert level understanding of debt capital markets and bank loan markets to graduates and experienced professionals. The CCRA is jointly offered by Association of International Wealth Management of India (AIWMI) & National Institute of Securities Markets (NISM).
Financial Advisors Registered
The Association of International Wealth Management of India (AIWMI) is a not-for-profit organization and a globally recognized membership association for finance professionals. CFA Charterholders and candidates who have completed CFA Program Level II or III are granted an exemption from the CCRA Level 1 Examination and are eligible to appear directly for the CCRA Level 2 examinations via the Expert route. To obtain the waiver, request official documentation of your candidate or charterholder status from and submit the documentation to AIWMI. The Chartered Insurance Institute (CII) is a professional body for the global financial services profession, promoting higher standards of integrity, technical competence, and business capability. Candidates who have completed CFA Program Level I, Level II, or Level III (completed 1 January 2007 to date) are granted an exemption from AF4 Investment planning (30 credits at Advanced Diploma level in the Financial Services qualifications framework) plus R02 Investment principles and risk (20 credits at Diploma level in the Financial Services qualifications framework).
The Royal Institute of Chartered Surveyors (RICS) officially recognizes the completion of the CFA program as being applicable toward the basic qualification competencies portion of the RICS Certified in Entity and Intangible Valuations (CEIV) credential. Those who have successfully completed the CFA program would have direct entry into the RICS CEIV program, but they would still have to complete the following CEIV requirements:. Ethics Module.
Body of Knowledge and Mandatory Performance Framework training. Pass CEIV Exam Learn more about the CEIV requirements at the (RICS) website. The Society of Actuaries offers three certifications: Associate of the Society of Actuaries (ASA), Chartered Enterprise Risk Analyst (CERA), and Fellow of the Society of Actuaries (FSA). Waivers for the ASA and CERA certifications are available for CFA Program candidates, as follows.
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To become an Associate of the Society of Actuaries, an individual must validate their educational experience (VEE) in Economics, Corporate Finance and Applied Statistics. Successful Level I candidates qualify for an exemption from the Economics portion of VEE.
Candidates who pass the Level II exam qualify for an exemption from the Applied Statistics and Corporate Finance portions of VEE. To become a Chartered Enterprise Risk Analyst individuals must validate their educational experience in Economics and Corporate Finance. Passing the Level I exam qualifies candidates for an exemption from the Economics portion of VEE. Passing the Level II exam qualifies candidates for an exemption from the Corporate Finance portion of VEE. The ICAEW is a professional membership organization that promotes, develops and supports chartered accountants around the world.
The ICAEW has awarded credit to CFA charterholders for six of ICAEW’s Certificate and Professional Level (CPL) exams. Three credits have been awarded for Certificate Level (Accounting, Management Information, and Business and Finance) and three have been awarded for Professional Level (Financial Accounting and Reporting, Financial Management, and Business Strategy) exams.
The NFL Player’s Association will require financial advisors registered with the organization to hold either the CFA or CFP certifications going forward. The association amended its regulations and code of conduct rulebook governing its list of financial advisors in March and edited the list in October. Anyone applying to join or renew their membership to the NFLPA’s Financial Advisor Registration Program must hold one of the two designations. An advisor who is currently part of the program but does not hold either certification must become compliant within three years of implementation of the rule. Neither certification is easy to obtain.
The number of advisors with each certification is increasing, but most do not have either one. CFP advisors are also to their clients. The mandate was well received by those in the industry familiar with fraud cases NFL players have brought against their advisors in recent years.
Ryan Shanks, the founder and CEO of Finetooth consulting, said the requirement was “a long time coming” given players typically come into a lot of money when they are young, are not knowledgeable of finance or markets and often falsely assume members of the program are vetted by the organization. Beyond the stated requirements, which include a bachelor’s degree from an accredited college or university, at least eight years of relevant professional experience and no criminal record, the NFLPA is not responsible for deciphering good advisors from bad ones.
But the new requirements are certainly a step toward that. “Players often get taken advantage of by unscrupulous financial advisers,” said Benjamin Edwards, professor of law at University of Nevada, Las Vegas. “While not perfect, the requirement may help players avoid some of the worst and reduce their risk.” Edwards also said requiring additional certifications shows that the NFLPA “lacks confidence in the ordinary licensing process” and that an advisor registered with the Financial Industry Regulatory Authority doesn’t serve as an indicator they won’t harm players–a notion Edwards agreed with. The NFLPA could not immediately be reached for comment. Some suggested there might be a turnover of advisors in the program, even with a three-year window to complete at least one of the certifications, but Edwards didn’t see that happening. “If the advisors value their player clients, they will get a CFP designation,” he said.
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