Arbuthnot Latham has joined forces with the League Managers Association (LMA), the member association for Premier League, English Football League and national team managers, as it becomes its private banking partner.
Since its inception in 1992, the LMA has developed its support and service offering to its 560 members, who benefit from access to support in the fields of education, legal services, healthcare, finance and mental health.
Arbuthnot Latham has experience in advising and supporting everyone from young footballers to coaches and managers.
This partnership will give the bank further opportunity to offer its “relationship-led approach, entrepreneurial spirit, and long-term thinking to more clients from the world of football”.
‘Huge opportunities’
Nick Gornall, head of business development at Arbuthnot Latham, said: “We have worked with an array of football professionals and their trusted advisers for many years, and recognise the broad range of financial needs that result from a successful career.
“The career journey of a professional sportsperson requires careful planning and the ability to adapt to changing circumstances. Throughout this journey, Arbuthnot Latham is there to provide an honest sounding board covering personal professional and broader business interests.
“We see huge opportunities ahead and are delighted to become a trusted partner.”
Richard Bevan, chief executive of the LMA, said: “We have chosen to partner with Arbuthnot Latham due in large part to the breadth and depth of their service offering. Our members will benefit from their relationship-led approach.
“In financial services it is vital to have trust in the organisations you work with and in Arbuthnot Latham we are delighted to have a partner respected for its longevity, integrity and stability. We look forward with excitement to a long and successful partnership with the bank who will also add financial education to our academic curriculum.”
Problems
This comes after International Adviser interviewed former footballer and St James’s Place graduate, Robbie Simpson, who said people ‘try and take advantage’ and ‘target’ stars because of how much they earn.
In the past, many sports professionals have not made the wisest financial choices, resulting in numerous cases of legal action against advisers as well being challenged by HM Revenue and Customs (HMRC), for example ex-footballers Danny Murphy, Andy Cole and Robbie Savage.
