Portfolio

“Financial advisors typically don’t speak athletes’ language, so athletes and entertainers gravitate toward those people who do,” said former Chicago Bears defensive end Adewale Ogunleye.

For some, estimated tax payments are a non-issue. Others may earn all of their income from sources that don’t withhold amounts for federal income taxes.

The top 20 have delivered overall outperformance. However, their gains come with fees more than twice the industry average.

As the Federal Reserve strives to help the economy, wealth managers’ revenue takes a hit.

The $527 billion manager released two actively-managed products, one focused on U.S. equities and the other on international stocks.

“Platforms like this you would typically see at the larger broker-dealers and maybe the wirehouses,” says Gary Gallagher, the firm’s head of investment and managed solutions.

Funds tracking telemedicine, gaming and even pet care attracted $2.5 billion in November alone, according to Bloomberg data.

The benefit is becoming more popular now that it can be offered and managed digitally.